Option24 is an offshore broker that provides traders with the most sophisticated trading tools, and you get to invest with a secure platform. However, as a wise trader, you should consider several factors before investing your hard-earned funds.
The company assures all sorts of traders an opportunity to benefit from the entity. Thus it guarantees seminars, webinars and trading tools that should assist you in grasping more from the trading world. Accordingly, as you read this impartial review on Option24, they highlight several red flags that should warn you towards investing even a single dime.
Meanwhile, these forex trading companies are reliable. They allow you to enjoy a trade experience. Unlike Option24, they apply tried and tested traits that will attract sensible profits your way. Option24 urges newbie traders to trust the company since they guarantee a reliable guide to understanding the market. Consequently, they do not avail any education materials on their website, and you may end up falling for the wrong tools, which will only attract negative results.
Option24 website is poorly done, and they commit a lot of valuable data that traders require. Consequently, the trading world is not children’s play, and you should fully understand how the company operates before investing your hard-earned money. The company focuses on Forex, crypto, CFDs and metals, among other investment options. Also, how they tackle the high volatility in the market is unknown.
Option24.net provides live sections 5days a week, and they guarantee more than 1000+ trading instruments. The company offers as low as 0.6 spreads, and they offer very high leverage of 1:888. However, it would help if you were cautious because high leverage may lead to massive losses when trades do not go your way. They do not meet any transparency even to lure a novice trader into the company.
Furthermore, they do not reveal any algorithm the software uses to make the desirable profits they promise. Hence you will end up purchasing tools that will only make your trading experience worse. Nevertheless, automatic trading is preferable to humans since they do not mix trading with emotions. Nothing they do or promise traders make any sense, and you may end up relying on the wrong tools.
Option24.net assures its customers of personal account managers, access to market research, and complete video tutorials. Thus you should expect to find expert services from people who understand the market. Option24 does not reveal any information about the founders and that of the employees. Scammers hide personal data from traders since they open clone companies and attempt to rob more innocent customers.
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Option24.net does not have a suitable style for operation, yet they promise massive attractive returns. They promise traders bonuses of up to $5000, and they assure investors of daily trading signals. To access their services, they have up to 16 platforms that are accessible on multiple devices. Accordingly, the trading world is not children’s play and how Option24 aims to invest a walk in the park is unknown.
Option24.net operates anonymously, and it’s unheard of that unsung people will generate profits for you. The company expects you to share personal data, yet they do not reveal any similar information. Thus there is no guarantee for traders a 24/5 customer support. The software is compatible with Metatrader 5&4, and it’s the only positive factor for the company.
Moreover, there is no certainty that they will function any differently from scammers since they show a lot of similar traits to scammers. Option24 will find numerous ways that they can use to get your funds and lure you into making a deposit. They promise a massive bonus on the first deposit, and they guarantee huge returns. Hence when you fall for the bait and make a warranty, that is the end of business between you and them.
Option24 does not have any evidence of ongoing trade activities. Also, they may be attracting negative returns, and such data is not welcoming to the company; thus, they omit similar information. Therefore when you fall for the catch, you will b profiting the anonymous people behind the company. They may result in blocking you from accessing any of the services that they offer.
Option24 does not showcase any reasons you can count on them with even a single dime from your hard-earned money. Furthermore, the safety of your funds should always be a top priority to pay attention to before taking any investment steps further. The company shows multiple reasons not to trust them, and they operate anonymously. They do not have a demo account to test the software before investing your hard-earned money.
The company does not have any evidence of successful transactions made by traders, and you should not expect some preferential treatment. Option24 seems to be only beneficial to the anonymous people behind the company. Hence they may end up keeping your funds in personal accounts while you wait for mysterious profits. Also, your money is not secure personal data as well may fall into the wrong hands.
Option24 does not reveal what the minimum trading amount is. Thus you might end up paying hefty figures for non-useful tools. They do not avail of any funding options that you can use to put money into your account. Also, in case you still want to invest with the shady broker, you can use credit/debit options. They allow you up to 540 days to request a chargeback. Option24 does not have a refund policy that allows you to get your funds if the services they offer do not meet your expectations.
Accordingly, there is no certainty that you can swiftly withdraw funds from the company. They do not showcase any evidence of successful withdrawals made by customers. Scammers such as Option24 will find ways to hold onto your funds for as long as they can while you wait for never approaching returns. You should have access to your funds instantly, and the company shows a lot of shadiness to serve as a warning.
Option24 features a location address; No.5 Cork Street, Belize City, Belize, C.A. Accordingly, during our research, it turns out the location address is made up and has no relation with the company. Thus you will not receive any support once they have your money. There is no credibility in the support information they provide.
Additionally, you can reach them through email support or via telephone contact. Hence whether you will receive any response to your queries is a mystery. On the other hand, working customer support helps in building more trust between you and the company.
Option24 does not avail any regulation documents that affirm the company fully adheres to regulation. Unregulated companies barely survive in the market, and they quickly end up disappearing with all your money. Furthermore, it is illegal in most countries, if not all, to access funds from the public without adhering to regulation.
Unregulated companies will use false registration data in place of regulation. Thus you should be capable of telling the difference between regulation and registration. Nevertheless, you can count on these regulated forex brokers for transparency in investing. You can easily find and verify the regulation documents they provide.
Option24 is not transparent, and they expose a lot of ambiguity. Scammers will find ways to lure you into making a deposit, and Option24 even claims to have won awards that are unknown in the trading world. Nothing the company does or promises traders is sensible.
Thus it would help if you always considered these forex trading companies for a pleasing trade experience. Avoid Option24.net at all costs. Also, you should read reviews from reliable sources and research before investing your money.
What do investors have to say about this company?
Option24 lacks clients feedback
Can I earn the advertised returns?
No, you cannot earn with an offshore scheme
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