24Option Review: Is Legit or Scam?

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24Option Review: Is Legit or Scam?

24Option is a web-based platform that deals with numerous assets. The platform claims to offer clients Forex, CFDs, indices, cryptocurrencies, among others.

They offer a good number of crypto pairs; BTC/USD, BTC/EUR, BTC/GBP, among others. The prices of gold and oil have average prices.

The company does not have the best currency pairs if you compare them with other top-notch Forex brokers in the market.

24 Option has been in the market since 2019, and they have encountered various challenges. The company is owned by Rodeler Limited, a certain company from Cyprus

The platform offers its traders educational materials to aid them in their trading activities. However, they provide minimal info regarding their operations, unlike other noteworthy investment companies.

Despite the company being regulated, they are offering services in the USA where they are not regulated by the government.

They have webinars, written content, video tutorials. This is a great method of offering knowledge. Some of these materials are accessible to members of the public that haven’t invested with the company. has very high prices that aren’t favorable for all traders. The platform creates the notion that if you get an advance plan, the prices will reduce drastically.

24 Option Review

The suspicious platform claims their site is a top-notch trading company that is designed for their clients. They allegedly have the best interest at heart for those who choose to invest with them.

The platform states that they are dealing with popular assets in the market, like Cryptos. CFD investment associates numerous risks; as an investor, you may lose all your money. This kind of investment is not favorable for every trader, and you should be very keen.

The platform doesn’t disclose who its owner is. Lack of transparency is a huge red flag that you shouldn’t overlook. Review, 24 Option Platform has free demo accounts that you can familiarize yourself with trading activities. The company offers a mobile and desktop platform to its traders.

The investment platform charges a maintenance fee of $10 per month and a withdrawal charge of 3.5%. Nonetheless, there are several free withdrawals that the company offers, depending on the plan that you have purchased.

This company does not offer investors financial or commission fees. Their research tools are average and have attractive returns for the low-level accounts.

Regulation and Support

24 Option is an investment brokerage company that is under Rodeler Ltd. The platform is regulated by the Cyprus Securities Exchange Commission (CySEC). Their license number is 207/13. The company also claims to be regulated by FCA from 2013, and BaFIN (British Financial Conduct Authority)

The platform is among investment companies in the market that are regarded as an inspiring and top respectable platform.

The investment firm is regulated, creating credibility with traders. The platform is easy to use, and they have been in the market for a while.

The company has won the favor of various traders in the market because they are authorized by major financial bodies. They only have a few setbacks that may make investors keep off.

The company claims to secure traders’ funds. Through their reputation, they have managed to attract a great number of traders in their platform.

You can reach the support via email, telephone, or live chat. The support claims to be responsive to the professional team.

Unfortunately, they are not available on the weekends. The live chat of the investment company only works at business hours.

Shortcomings of 24 Option

The investment company has challenges that would not appeal to many investors. For instance, they have an inactive fee. If you are their client, and you become inactive for two months.

They charge a fee of €80 per month, and a fee of €120 after 3 months. The fee increases as the months’ pass. For you to be able to earn, you should be prepared to trade before you even cash in funds on the platform.

The company has been accused of being a scam. However, some traders lost money due to the platform failed to disclose critical info regarding their regulations status. used to offer its clients bonuses. Traders were enticed with free money if they traded with the company. The bonus would incur commission charges.

The investment company did not disclose the hidden catch to their investors. For the traders to receive the bonus, they had to adhere to specific terms for them to get the money.

Traders were required to verify their identity by uploading personal credentials and attain the wagering requirements.

Traders who did not observe these requirements lost their earnings. The company failed to outline this info in their website clearly. Hence, creating dissatisfaction with their investors.

The info was available in their Trading bonus scheme, which many traders didn’t pay attention to. This was a miss for 24option, and they are to blame since the info is written in the complex language, which raises red flags.

24 Option has not warned its traders on the risky nature of binary options. A lot of newbies lost money for lacking basic knowledge.

Moreover, the company investment plan is a bit high compared to other investment companies. There are numerous negative reviews about this platform that we can’t turn a blind eye on. Investment Plan, and Returns

The 24 Option company offers its clients four types of investment plans. The minimum amount that you can deposit in this platform is $250, and the maximum you can cash in is $50,000.

This is a bit high, and a lot of people may not be able to raise the amount. seem to target high investors since their higher-tier plan grant users lower fees and returns.

The basic plan of 24 Option targets the newbies who have less knowledge of how the market works.

You will be able to acquire educational resources that you can use to advance your knowledge.

However, you won’t be able to access webinars. You also have a onetime free withdrawal and access to daily news.

The least amount of funds you can deposit in the Gold plan is $5,000. The trading price is favorable compared with the basic account. You will have access to one-month webinars and two basic lessons. You will have a one-month free withdrawal.

The platinum perk offers clients the same benefits as the gold plan with a slight improvement. You can deposit funds worth $10,000. You can withdraw funds three times for free. Users can obtain 2 monthly webinars and three advanced educational resources.

The final and fourth plan is VIP. The platform claims it’s the best, and you can deposit $50,000. If you choose this plan, you have unlimited free withdrawal.

It offers 5 webinars and lessons to investors. The platform creates the notion that the more you deposit, the better the resources that you will acquire.

24Option Final Verdict

The company does no longer offers the binary option to its investors. They only provide Forex and CFD to their traders.

Traders have lost money on this platform because of their regulations and the high-risk nature of binary options. Which they have seized from trading.

The 24 Option investment company is not among the best crypto platform that you may trust with your fund. The platform had some hitches before; their prices are also not favorable.

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