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24option Review 2019: Scam Broker? What You Need to Know

Read our long form review here:

❓ – 24option was started back in 2014 initially as an online options broker. They have moved into fully CFD trading recently as options faced more scrutiny.

📍 – They are based in Limassol in Cyprus and are regulated by the Cyprus Securities and Exchange Commission (CySEC). They also have a license in Belize that is offered through the IFSC.

The CySEC licence allows them to offer their services in Europe. There are also a number of client protections that come with these such as segregated funds and the investor compensation fund.

📈 – There is a plethora of assets that you can trade at 24option. These include commodities, equity indices, stocks, forex and commodities.

Given that these are CFD products, you are trading them with leverage. The leverage levels at 24option are up to 30x for EU traders and up to 500x for countries outside of the EU.

The 30x cap in the EU is for the retail traders only and if you apply for a professional account then you can get this increased to 400x.

🔢 – 24option has pretty reasonable spreads that are in line with many other brokers. Crypto Asset spreads were a bit high for us though.

What I didn’t like was all the other fees that are included. You have withdrawal fees, inactivity fees and even a “monthly maintenance fee” that will be applied to your account.

🧾 – 24option has 4 different accounts that you can choose from. These are the Basic, the Gold, Platinum and VIP. They have different funding levels and offer lower spreads and other goodies the higher the account tier.

🖥️ – 24option has two trading platforms for you to choose from.

They have their standard web-based platform that was developed in-house and has a range of features. It is also pretty well designed and is relatively easy for beginner traders to understand and begin trading with.

They also have the more advanced MT4 platform that is well known to the more technical traders amoung you.

📱 – You can always trade on-the-go with their mobile applications. This is also well designed and has numerous positive reviews in both Apple iTunes and the Google Play store. You can also download the MT4 mobile app if you prefer using this.

💳 – There are a range of funding and withdrawal options available so it will work for almost everyone.

Take note though that before they will allow you to withdraw any funds you will need to verify your identity and complete their KYC.

📚 – There are also a range of educational material that is available at 24option. Videos on demand, ebooks, trading guides and a daily webinar! – Great way for you to bounce trading ideas off professional traders.

❔ – In conclusion, 24option appears to be pretty reasonable broker. They are regulated, have a range of assets and relatively attractive leverage. Their fees may be a bit high for some but their spreads are about in line with others.

⚠️ – If you are going to be trading with them, then make sure that you are practicing adequate risk management. CFDs are risky products and you can lose what you invest.

This is for informational purposes only. Coin Bureau does not provide investment advice, nor is it an offer or solicitation of any kind to buy or sell any investment products. Rates and terms set on third-party websites are subject to change without notice.

Source: Coin Bureau

38 Responses

  1. Lean esto antes de cometer el error que cometí yo.
    Cometí el error de poner mi dinero en manos de 24 Option, una supuesta empresa broker que está
    supuestamente domiciliada en ¿Chipre?, lo pongo en interrogantes porque es obvio que lo hacen
    allí pues no están al alcance de una real regulación.
    Ellos toman tu dinero muy amablemente, pero luego te hastían con llamadas para que hagas
    operaciones perdedoras y si quieres hacer un retiro de dinero te exigen que hagas un depósito
    que duplique el valor que vas a retirar.
    Mucho cuidado con ellos, sino, perderás tu dinero.
    Si quieres saber todo el entramado, escribeme. Es hora de poner un alto a estos estafadores.

  2. Nice upload, my advise if you are beginner and want to go into trading please look for a better and nice trader to help you manage your account first before you go into trading fully yourself. This will save you your money instead of losing it during the process of trade thank you.

  3. Binary/forex options trade depends largely on your strategy , software indicator and be able to understand the signal movement which tell when to call /put options Ever since i met Williams David who mentor me in all this and help me manage my account for two Months i make 29,603 GBP in a Month he showed me his strategy, is straight forward. If you want to be rich ? i recommend/advice you to contact him via ((Williamsdevid1952@gmail. com))

  4. you can get back your lost investment through the help of a recovering expert , who helped me in getting back my lost investment about $98,000 when I thought I was doing myself a favour by investing my hard earned money and I fell into depression for months until I told a friend and I came in contact with Fundsrecovery01 via g mail that’s when my whole story changed and i got all my lost funds back

  5. My account manager has left me for two days and I lost usd900. I know nothing about trading. I heard that we can make some money on the platform and see what happened. He said that he was here to guide me and to make profit. It was so unprofessional. Don't know what to think.

  6. I really don't trust them at all, I funded my 24option account using easyEFT when I made a withdrawal they asked me to send them my bank statement showing that I have funded 24option account using easyEFT with 24option on the statement, now on my bank statement it shows that I made a payment on such a date but it doesn't show 24 options it shows DORTYGER payment same date that I funded my account and same amount. 24option declined my withdrawal because of the bank statement that doesn't not show their company

  7. They want more money in and when you decline to take loans worth of €90,000.00 they’ll empty your investment account. That's what happened to me. In the beginning it seemed to be ok, but when you want to take money out it is not possible. They say it takes long time to gather the money etc. There's always excuse why you can not have your money back. I have contacted them via customer service and I never got reply in written. My first contact to them was the trading pause of seven weeks. I had that time on my account €85,654.00, suddenly when they started to do the trading, there was less that €20,867.00 left. I checked the trading history win loss report and there wasn't loss enough that could've explained the disappearance of 60,567.0 euros. I was not able to get access to my invested capital including my bonus in the Bloombex account, God so kind, luckily as I was researching for how to get my funds back from the scam broker, then I came across a comment on the broker reviews website find a binary trade funds recovery expert who make my dreams come through Mr Justin Howard Via address: justinhoward692@gmail.com

    he will guide you on how to get all your lost back and your bonus included.

  8. A managed futures account is far more profitable, far more secure, and futures are a much more pure trading vehicle. When investing I welcome the regulatory protection. Binary options are too risky in this area.

  9. I was able to recover my funds from a very sketchy company, 24Options, last year a friend and i invested all our life savings but got duped in the process. Earlier this year, we were able to use the services of boltonrefunders at gmail dot com and we have gotten all our money back. My nightmare is over, Its a whole new day here. Do be careful when dealing with investments, you can also reach them via call or whatsapp +14253121045 good luck.

  10. Hi
    I have a gain of 1000 € with 24 options. So I decided to do a withdrow. Since I decided to take the money, they started to ask me a lot of documents (Rib, bank statement, my card number, etc….) and they stoped my tradingd after 5 months of trading and every time I send them my documents they ask for more. What should I do? Should I continue sending them my information? Any help please? Any advise?
    Thanks in advance.

  11. Until Investors stop believing these fake ICO’s and accounts managers, these scams would continue and by simply detecting these scams, one can know when to walk away, unfortunately for those who don’t know how to go about that and fallen victim to these scams there are expertise of recovery experts via mail:boltrecovery001atgmail where lost funds can be directly trailed and retrieved successfully

  12. I was fooled by them. They took all my money, they keep asking me to deposit and promised to withdraw a certain amount but never happened. Now I awe huge amount of money from my credit card and and my savings are gone.

  13. Wow🤭🤭🤭🤭

    I earn $500,000 USD online yesterday trough the help of Peter smith, it's unbelievable at first I never believed I can earn such online because of the rate of scammer until I meet this God sent man who helped me made it online, am so happy to receive my profit for the 5th time. I was scammed many times but by the help of sir peter smith I was able to recover all my lost..
    My friend I will advise you to start investing in his platform to start earning also, I know it's very hard for you to believe because of scammers but my friend it's real I did it and it works, you really need to try this and see how it's works.
    So i urge you today to give a try just like I did and you won't regret knowing an account manager like peter smith and his company
    Invest today and smile out tomorrow instead of wasting your time on free and Fack site that will earn you nothing in return.
    You have full access to monitor your live trading account,
    Contact him on email petersmithfx1@gmail.com for more info on how to recover your money back
    contact him on what's app

  14. it’s unfortunate that you have lost your hard-earned money to this platform. However, for future references kindly join the r/scamsupdate community of Reddit. Also, you stand a chance to get your money back by contacting Assetrecoverynow@ protonmail com (WhatsApp too) + i have referred users in the past and they were able to get back their money.
    And thank me later

  15. All thanks to Mrs Williams Evelyn she is a guru in binary investment I just got my second withdrawal of 7500$ with a deposit of 1500$ you can contact her on email Williamsevelynfx145 @ Gmail com 👍

  16. SCAM! SCAM!! SCAM!!! If there is a way or method to put this people behind the bar I would be very happy. I got cheated and humiliated, I couldn't withdraw a dime..all my money is gone! Has anyone filed a case against them? I have already done that..join the lawsuit via( claudiafranziska14 @ g mail.com )if you don't wanna loose your funds,

  17. All thanks to Mrs Williams Evelyn she is a guru in binary investment I just got my second withdrawal of 7500$ with a deposit of 1500$ you can contact her on WhatsApp number +1(520)829-4231.

  18. When all efforts seems hopeless, i finally got blessed with rebecca. She kept her promises. I was really skeptical towards her at first but thanks to this great platform it worked out beautifully. She was able to reclaim my money as promised. you can reach her > rebeccabarrette701 via email

  19. The very day i got my first payment from Mr. Benjamin, i felt so flabbergasted because i have been a loser for too long but that God for a man like Mr. Ben…..if you are having difficulty in trading and making profit, you can contact him at once via👇👇👇

    +1 (845) 747‑0050

  20. Scam site! I got cheated pls don't invest, they never allow withdrawal. But I was able to get my initial capital out of their portal via the help of a recovery expert from Poland!

  21. These people are scammers and will keep everything you deposit with them. Stay well clear. I managed to get everything refunded with help of

    geizertonyedwardo at consultant. com

    They honest

  22. ATTENTION !!!
    OPTION 24 est le VOL de votre argent et même d'identité !!!
    Quand vous voudrez fermer votre compte ils vont vous voler aussi le.peu d'argent que vous avez ( rarement ) obtenue en faisant du "trading"…
    Un numéro connu est le 0961028878 et les personnes qui vous appellent : Xavier Leroi et Monsieur Grognard !!!
    Des voleurs… Comme si l'état complice et parasite ne nous suffisait pas !!

  23. its all a scam, i traded with different brokers, most of them disappear when you make withdrawal request, some of them will try to convince you not to withdraw and instead invest more while others will actually allow you withdraw a little amount so they can build your trust and after that they begin to make large requests. i invest $80,000 with a scam broker and I lost a lot to these fraudulent brokers, i was depressed for months until i was recommended to a Binary options trade funds recovery expert, beware of scam 2021.

    there are whole documentaries about it. i fell for it too – THEY WILL TAKE YOUR MONEY!
    if you got scammed, don't try to get your money back with these random people offering their help in this youtube comment section. THEY'LL ALSO SCAM YOU. go to police/gouverment institutions, get a real lawyer or accept that you'll never see your money again. write reviews and warn other people about it!

  25. I just invest $210 with 24 options. And they Start Trade for me and made $4020 As All my profit. When I request to withdraw my profit they are demanding there commission before the withdrawal.. I felt crazy because if I have invested with them and my all money with them why should I pay the commission in Advance.. so I requested to them that deduct there commission and release the rest as my profit.. but they are not willing to do that. They only want the commission in Advance to release my money..
    Please if anyone there help me out with this

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