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Best24option provides customers with an advanced trading environment. The platform claims it operates in full transparency while offering quality products. Customers can also place orders using a superior tool. It is an easy process to get started. You need to open a live account and make your investment. Afterward, you start earning huge returns.
Once you visit the website, you’ll see pop-ups of investors making big cash out. Unfortunately, the tactic is often used by scammers. It is impossible to authenticate the information. For novice investors, it may be hard to notice the red flag. You did not know if these names are of existing customers. There are also no social media links or profiles for these clients.
Experienced traders allegedly designed the Best24option website. They claim to have adequate knowledge and skills to make their platform successful. They also welcome all levels of traders to join them. The company brags about working with world-class customer service to handle traders’ queries.
Instead of utilizing the available space to showcase its unique features from its main competitors, the website entails generic content regarding cryptocurrency and other products. They also claim to have over 60,000 existing customers. The company’s domain registration took place in July 2022. Such a young company can’t have such a vast audience. Even the best market venture is struggling to attain such numbers in a short duration. This proves the company can do anything to gain potential customers’ attention.
Best24option claims it has flexible leverage and tight spreads. The price of commodities is also competitive. Clients will also enjoy high performance and an advanced trading interface. Unfortunately, the platform shies away from providing audited trading results. We cannot guarantee you will receive the idyllic trading conditions after opening an account.
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Additionally, the broker lacks endorsement from existing customers. We were expecting alluring testimonials from those making huge profits as per the adverts displays. The platform also avails free educational materials to all customers. Sadly, there’s no course outline. Hence we cannot affirm whether the information is only meant for level traders or solely for novice investors.
Best24option also fails to credit its team. We are unaware of the qualification of those handling traders’ funds. Be wary of anonymous companies as they tend to leave traders high and dry. Invest with genuine cryptocurrency companies that will not compromise your safety. You will earn passive income while enjoying fund and data safety. Legitimate companies observe the rules of financial bodies.
Best24option assured customers they do not need a digital wallet. They can execute the trade on the MT4 platform. Customers should expect low commission, which is not stated. A platform should indicate the actual chargers and commissions to avoid surprises in the future.
The scheme offers leverage of 1:100 for crypto products. The limit is outrageous and hazardous to customers. Clients can use EAs to place orders automatically. However, we realized there is no active trading software. All the claims made are vague and only for marketing purposes.
You cannot place trades using the website. The people running the scam do not even try to hide the fact they have ill intentions for their clients. The genuine entities, however, will acquire a competitive trading interface to give their customers a cutting-edge advantage.
Best24option promises customers a 50% ROI within 7 days, which is outrageous. This is a Ponzi scheme that is making absurd promises. There’s no company in the market with such capacity. Legitimate entities will never guarantee particular returns due to market volatility.
Best24option is allegedly accepting funds via; credit cards, debit cards, Skrill, local banks, GiroPay, FasaPay, PoLi, Sofort, cryptocurrencies, and Neteller. Often you will find scammers displaying popular payment methods, but when it comes to delivering the options, this is where they draw the lines. The aim of fraudsters it’s to retain all the money coming into their system.
The shady website happened to accept funds only via cryptocurrencies and wire transfers. Customers cannot issue chargeback when using either of the two options. It is also impossible to trace down the con artist.
Best24option failed to provide information regarding the withdrawal requirement. There is also no legal documentation which is a big drawdown. The safety of your money is not guaranteed. There is also a high likelihood of the entity implying hidden charges. Scammers will give back your money once they close down their website.
Best24option is using a fake office address. Nobody knows their actual location. It is only scammers who are cautious about sharing their whereabouts. They do this to avoid being caught by the authorities.
The phone number and office address will only work when you are willing to deposit more cash. Ponzi schemes do not have enough funds to hire quality customer support.l
Best24option falsely claims to have had a license since 2007. The company does not mention existing using a separate name. It is also impossible for them to have been licensed during the year, yet the venture did not exist. Instead of providing a license, the Ponzi scheme has a registration form. It is easy and cheap to acquire a registration certificate from a corporate house in the United Kingdom.Â
The entity should provide a license from the Financial Conduct Authority (FCA). However, we highly doubt the company can afford 730K euro capital. The money is deposited in good faith to prove a broker can successfully run its operation without misappropriating the use of customers’ funds.
Best24option is an illegitimate platform without a parent company or anyone to oversee its activities. The people behind the broker can shut down the operation unceremoniously. Moreover, the platform lacks legal documentation, an essential requirement for all investment companies.Â
Without a binding contract, the broker can do whatever it pleases. It is essential to only deal with genuine legitimate brokers. You will enjoy fund safety and an ideal trading environment. Additionally, in case of bankruptcy, you stand a chance of receiving compensation.
Best24option is a greedy broker that lacks transparency. The level of anonymity within the entity is baffling. There’s no guarantee the people handling your cash are qualified for the job. You risk depositing your hard-earned money into the scammer’s pockets.
You can get fund safety from a scam that doesn’t bother to acquire trading software. There are no reading activities taking place on the website. The profits being advertised are also ridiculous. You risk losing more money than you initially deposited since there is no negative account balance protection.
Ironically, Best24option lacks customer testimonials despite using enticing adverts. The company is new in the market and lacks a trading history. We do not see the existing past performance. The risks that come with choosing this company are the worst. You will only suffer more losses.
Best24option fakes its regulatory status. The platform is only after customers’ funds. The red flags are way too many to turn a blind eye to. Testing the waters with a broker will only lead to undesirable foreseen results.
To reduce your troubles, we have compiled a list of some excellent cryptocurrency investment companies. These are platforms with the best customer experience. The entities offer competitive trading conditions and top-notch fund security.
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