Binary24 Scam Test

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    The Best Binary Options Broker 2020!
    Perfect Choice For Beginners!
    Free Demo Account!
    Free Trading Education!
    Get Your Sing-Up Bonus Now!

  • Binomo
    Binomo

    Only For Experienced Traders!

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Trusted Binary.com Review 2020

Table of Contents

Is Binary.com a trusted online broker or a scam? – We will find out in this review and give you a professional overview of the company. Binay.com is a well-known Forex Broker for international investments. Since 2000 the company got a track record in online trading. In the next sections, we will show you how the platform works and find out if you should invest your money or not.

Official Binary.com website

Platform available for any device

Professional trading interface

Huge range of payment methods

Review: (5 / 5)
Regulation: VFSC, FSC, FSA
Demo account: ✔ Free
Minimum deposit: 5$
Minimum trade: 1$
Markets: Forex, Cryptocurrencies, Metals, Commodities, Indices, Volatility Indices
Products: Binary Options, Forex, Crypto, CFDs,
Yield: up to 100%+, 1000% on higher/lower and touch/no-touch trades
Support: 24/5 phone, chat, email in different languages

(Risk warning: Your capital is at risk)

Is Binary.com regulated?

Before you sign up with any online broker you should check if the company is official regulated. This is the most important point to check and we will discuss it in the first section. Regulation means safety for the trader. On the internet, there are brokers which operate illegally and try to scam their customers. In order to invest in a serious company, there should be regulation.

A regulation shows trust and safety because the company has to be legal and act under certain laws of the regulatory authority. Binary.com is a licensed and regulated trading platform which is active since 1999. Different subsidiaries belong to the holding Binary Limited. This company is multi regulated and got different licenses.

Binary Investments (Europe) Ltd

Binary Investments Ltd is regulated by the Malta Financial Service Authority (MFSA) with the license number IS/70156. The company is allowed to provide its service in every European country. The company address is W Business Centre, Level 3, Triq Dun Karm, Birkirkara, BKR 9033, Malta.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    The Best Binary Options Broker 2020!
    Perfect Choice For Beginners!
    Free Demo Account!
    Free Trading Education!
    Get Your Sing-Up Bonus Now!

  • Binomo
    Binomo

    Only For Experienced Traders!

Binary (SVG) Ltd

Binary (SVG) Ltd is registered with the company number 25299 BC 2020. International clients who want to trade Binary Options trade under this license. The address is Hinds Buildings, Kingstown, St. Vincent and the Grenadines.

Binary (V) Ltd

Binary (V) Ltd is regulated by the Vanuatu Financial Service Commission (VFSC). International clients who are trading forex and CFDs in the MetaTrader 5 are managed under this license. The address is Govant Building, Port Vila, PO Box 1276, Vanuatu, Republic of Vanuatu.

Binary (BVI) Ltd

Binary (BVI) Ltd is regulated by the British Virgin Islands Financial Service Commission and customers for the forex and CFD MetaTrader 5 are under this license. The address is Kingston Chambers, P.O. Box 173, Road Town, Tortola, British Virgin Islands.

Binary (FX) Ltd

Binary (FX) Ltd is regulated by the Labuan Financial Service Authority in Malaysia. MetaTrader 5 clients are served by this license, too. The address is Lot No. F16, First Floor, Paragon Labuan, Jalan Tun Mustapha, 87000 Federal Territory of Labuan.

In conclusion, Binary.com is a multi-regulated company and broker which accepts international clients. Fraud can be excluded by a view on these licenses. From our experience, Binary.com shows that more than 1 regulation is not enough and now they are a highly trusted online broker.

Financial security: Is Binary.com safe for traders?

Financial security:

How safe is the trading platform? – We checked the financial security for traders and got very good results. Binary.com only uses regulated payment methods for deposits and withdrawals. You can be sure that the money will be credited to your trading account and the withdrawals are working correctly.

Furthermore, the funds of the clients are managed in secure and licensed financial institutions. The broker does not use your money to do investments or hedge positions. Any time you got the full access to your account balance.

Security of the platform and account:

With Binary.com you can get very high account security. There are different options available which we want to present to you in this section. First of all, traders can enable two-factor authentication for the account. This is additional security because it is nearly impossible to hack your account. Before you login, you have to confirm the login with another device.

Also, Binary. com provides a clear login history of your account. You can set up a cashier lock password to secure your deposits and withdrawals. All in all, Binary.com provides very good safety features for traders. From our experience, it is a very safe platform. (See the picture below for all features)

What is behind Binary.com – History of the company

Binary.com was founded in 1999 by collecting investor’s money from a HongKong based fund management company. In 2000 the company goes live with the old name “Betonmarkets.com” and “Xodds.com”. Since this time the company achieved different milestones and attract a rising customer base.

On the Binary.com website, you can clearly see the group history which is very amazing. The company expanded internationally and collected different licenses for financial trading to serve clients from over the world. In addition, their platform is patented in the USA for the pioneer of Binary Options trading (Wikipedia).

2020 the company changed the name into “Binary.com” and reached a turnover in 2020 of 2 billion USD since 1999. More and more customers want to trade with Binary.com because the platform is unique and offers very good conditions. Nowadays, Binay.com manages offices in Japan, Kuala Lumpur, Dubai, Paraguay, and more countries.

In 2020 there are more than 100,000 active clients on the platform and the numbers are still growing. In conclusion, Binary.com is a very trusted broker in the trading industry which is leading the binary trading section. The broker is growing continuously because of the good conditions and unique trading platform. The company always adds new features and opportunities to invest in the financial markets.

Facts about the company:

  • Founded in 1999
  • International offices and licenses
  • Rising customer base
  • Unique and patented trading platform
  • Global awards

How to open an account with Binary.com:

It is quite simple to open a trading account with Binary.com. You can sign up with your email address or social profile (Google and Facebook). The process is done in a few seconds and you get direct access to the trading platform. Now you can use the demo account with virtual money or continue the registration process.

Open your free account

The account opening is free for any trader. There are no hidden fees or commissions for you:

(Risk warning: Your capital is at risk)

Important verification process

For trading with real money and full access to all functions of the trading platform, verification is needed. You have to fulfill your account profile and upload personal documents that are checked by Binary.com. It depends on your country of residence which documents the broker needs to check your identity. Binary.com can request a copy of your passport and utility bill.

The account setup is done in a few minutes. Just insert your personal data and upload the requested documents. Binary.com will confirm the profile within 24 hours. We recommend doing a full account setup before you start trading with real money.

Verification of your identity:

  • As regulated Forex Broker, the company have to check your identity
  • Documents can be requested by Binary.com
  • The account setup depends on you country of residence
  • Upload the requested documents
  • The full account setup take few minutes time
  • We recommend doing the verification before trading with real money

Use the free Binary.com demo account

One of the most important tools on the Binary.com trading platform is the demo account (virtual account). It is an account with virtual money (10,000$). This account allows you to test the platform without risk. Binary.com provides this account for free and you can switch between the real money and virtual money with only one click.

We recommend to any new user who wants to trade with Binary.com to use the demo account first. Check out the platform and open your first traders. Before you invest real money you should know how it works to trade and how to manage the trading platform. In addition, the demo account can be used to develop trading strategies and test new markets.

In conclusion, Binary.com offers a free demo account like any other broker. You can start trading without risk and test the platform by yourself. If you make a loss it is possible to deposit (recharge) the account.

Advantages of the demo account:

  • Use it for free
  • Test the platform without risk
  • Develope trading strategies
  • Try out new markets
  • Recharge the demo account with one click

Demo account vs. real account trading

Are the differences between the demo account and the real account? – From our experience, the execution of trades is very fast in the demo account like in the real money account. There are no differences between these two account types. You will get the same conditions.

In fact, real money trading can be more difficult because you will act differently like it is virtual money. The key to success is to learn to trade without emotions like in the demo account. As professional traders we recommend it to use the demo account like the real money account to gain the best experience in trading.

Payment methods for the account funding:

As you see on the official homepage of Binary.com there are more than 15 payment methods available for deposit and withdrawals. It is easy to fund your account. You can use different electronic methods or classic bank transfer.

Sometimes the payment method can depend on your country of residence. So do not be surprised if there are more or fewer payment methods available than in the list below or picture above. Note that the minimum deposit is 5$ with e-wallets but with other payment methods it can be higher.

Facts about the payment methods:

  • Minimum deposit 5$
  • No fees
  • Credit Cards
  • Electronic wallets (Neteller, Skrill, Qiwi, WebMoney, and more)
  • Bank Transfer
  • Instant deposits
  • Withdrawals in 1 working day
  • Cryptocurrencies

How to deposit on Binary.com:

To do a deposit on Binay.com go to the cashier menu and click on deposit. You only can deposit if your personal detail is approved by the broker.

You can deposit in different currencies. Also, cryptocurrency accounts are available with Binary.com. If you make a mistake by setting the currency it is possible to change it afterward.

Deposit checklist:

  1. Make sure your personal details are confirmed by the broker
  2. Go to the cashier menu
  3. Click on deposit
  4. Choose the payment method for the deposit

How to do the withdrawal:

The withdrawals are easy as the deposits with the broker Binary.com. In the cashier menu, you can choose “withdraw” to pay out your earned money. Note that you can set up a different security password for the cashier menu.

From our experience, the withdrawals are very fast. Within one day the withdrawal is processed. You will get an email if it is processed. Sometimes it can happen in a few hours. On the other side, the process can be longer if the broker requests additional documents from you. All in all, the deposits and withdrawals are working correctly and free from interference.

Offers for traders: Review of the trading conditions

Before we show you the full information about the trading platforms of Binary.com we have to talk about the offers and conditions for traders. As you know Binary.com is a Binary Options, Forex, and CFD Broker. In this section, we will give you a detailed overview of “what you can trade on the platforms”.

The minimum deposit is only 5$ and you can try out the free virtual account. The virtual account is the best way to test the trading platform. There are more than 100 different assets available by Binary.com. Cryptocurrencies, indices, commodities, currencies, or volatility indexes are tradeable. In addition, you can choose between different currencies for your real account balance or using cryptocurrencies.

The maximum return of investment for Binary Options is 100%+ and the maximum leverage for Forex and CFDs is up to 1:500. From our experience, there are no direct fees on the platform. Sometimes it can happen that your payment provider charges fees for deposit or withdrawal.

Trading conditions:

  • Return of investments up to 100%+ (Binary Options)
  • Leverage up to 1:500 (Forex and CFD)
  • More than 100 different markets
  • Minimum deposit 5$
  • Free demo account
  • Low fees compared to other brokers
  • High liquidity

(Risk warning: Your capital is at risk)

Test of the Binary.com trading platforms

For professional online trading, Binary.com offers 6 different trading platforms. This software is even available as an app (mobile trading). The platforms are designed for a variety of purposes and the trader can choose from. As mentioned before it is possible to trade different financial products with Binary.com. You can not trade all financial products on one platform.

From our experience, the platforms are very clearly designed and easy to use. They are for beginners and advanced traders. Besides, the well-known MetaTrader 5 is available for Forex and CFD trading. Automated trading can be processed by the Binary Bot which is a very unique platform. We will discuss the trading platforms in detail.

Trading platforms:

  • SmartTrader for Binary Options and Touch Options
  • WebTrader for Binary Options and Touch Options
  • Binary Bot for automated Binary Options
  • MetaTrader 5 for Forex and CFD trading
  • Deriv for Binary Options (beta version)
  • Binary Grid for the best mobile trading with Binary Options

SmartTrader:

The SmartTrader is a reliable trading platform for Binary Options. You can trade options with different expiry times, investments, and on rising or falling prices. In the picture above you see a screenshot of the order mask. For chart analysis, you have to look below. The design is very clear and the beginner should feel comfortable. In the following section, we will explain how to trade too.

For charting, you can use the chart below the order mask. Binary.com offers the tools which a trader needs for his success. You can change the timeframes and chart types.

Chart types:

For the chart analysis you can use indicators, drawing tools, comparisons between assets, or fundamental data. By a few clicks you can insert the indicator you want and customize it. In conclusion, the SmartTrader which is recommended for beginners offers all tools for professional and sucessfull trading.

How to trade Binary Options?

Binary Options is not a complex financial product. Compared to other financial product traders understand it very fast how it works. The features of Binary Options are clear and limited. Before you open a position you know the possible return of investment, your possible loss, the time duration and the direction of the trade.

Binary Options:

  • Rise/Fall (classic and most popular)
  • Higher/Lower
  • Touch/No Touch
  • Ends Between/Ends Outside
  • Stays Between/Goes Outside

Binary Options can be traded on currencies (Forex), indices, commodities, and volatility indices. Before you start trading you can customize your trading contract. The Binary Options is a contract between the trader and the broker.

Features of Binary Options:

  • Start Time
  • Duration (ticks, minutes, hours, days)
  • Investment (starting 1$)
  • Allow equals or not
  • Trade higher or lower

We recommend to do some test trades with the demo account before trading with real money. You should understand the financial product completly before real investments. The next picture will give you a deeper look in it.

In the picture above you see that you can invest in rising or falling markets. For “Higher” trades the exit spot has to be above your entry point and for “Lower” trades the exit spot has to be below your entry point. Just make a forecast of the market and start the trade.

Exit Spot:

For Binary Options only the exit spot is important. When the expiry time is over the price will be checked and you will get the payout or not. The yield can be up to 100%+. It does not matter if the price goes above or below within the contract duration.

All in all, Binary Options are very simple to trade. It is a popular financial product because you can earn a very high payout within a short period.

(Risk warning: Your capital is at risk)

WebTrader:

If you want to do more advanced trading you have to choose the WebTrader. This software allows you multi-charting and a full-screen mode. More features are available on the platform. You can customize your trading window as you want.

Traders can choose in the upper menu between trade, chart, resources, and workspace to customize the platform. As you see in the picture above you can open different windows at the same time. This is a multifunctional feature and allows you to make a deeper market analysis. In the next point, we will give you a quick overview of the functions.

Trade:

  • Open the order mask for your markets
  • Forex
  • Indices
  • Commodities
  • Volatility Indices

Chart:

  • Open the chart for your markets
  • Forex
  • Indices
  • Commodities
  • Volatility Indices

Resources

  • Make a deeper analysis
  • Asset Index
  • Trading Times
  • Historical Data
  • Chart Themes

Workspace:

  • Manage the charts
  • Arrange the windows
  • Close All

As you see in the points above you got a whole bunch of options for your trading style to customize. From our experience, the WebTrader is the best platform for Binary Options trading and better than the SmartTrader.

Binary Bot:

The Binary Bot is a unique feature of Binary.com. Most brokers do not allow automated trading on their platforms or it is not possible because the features are missing. Binary.com provides software where you can program your own automated system for trading Binary Options.

For the first impression, the Binary Bot is not a trading platform for beginners. You need knowledge, math, and programming skills. In addition, your strategy should work successfully. It is possible to create an automated system with any trading strategy by the Binary Bot. You can use math and logic commands on the software.

Binary.com will help you to program a system. There are some tutorials and knowledge about it. For further knowledge, you can read on the internet about automated trading or buy some programming books. The language of the Binary Bot is very easy but very hard to understand for beginners.

Create your Binary Bot

How does the Binary Bot work?

To create you automated trading system you have to open the right menu (red marked). There are different building blocks which you can insert in your system. There are mathematic and logic building blocks. Also, text programming can be used to create functions. If you inserted the block you can customize it like you want.

If you created the Binary Bot you can start to backtest it and improve the results by changing the system with a few clicks. The Binary Bot is clearly a huge advantage against other Forex Brokers because it is very easy to create an automated system. Binary.com provides you all the functions you need to create your system.

MetaTrader 5:

MetaTrader 5 is the most popular software worldwide for online trading. A lot of brokers offer this software because it is developed independently by programmers. Brokers are paying licenses for this software. The MetaTrader is available for your computer and mobile phone. You can create the account with Binary.com and download the program.

Moreover, MetaTrader 5 is a highly customizable software too. You can customize the chart as you want and using different tools. The software is supporting Forex and CFD Trading. 1-click trading even as automated trading is possible. There are a lot of different tools that you can individualize.

For traders who want to program their own indicators or automated systems, you can insert them easily in the software. The MetaTrader is enjoyed by millions of traders and it is from our experience the best software for forex and CFD trading.

Advantages of the MetaTrader 5:

  • Available for any device
  • Automated trading supported
  • Customizeable
  • Indicators and drawing tools
  • Chart types
  • Insert extern programs and indicators
  • Professional portfolio management

Deriv:

Deriv is a web-based online trading platform where you can trade Binary Options. Compared to the SmartTrader and WebTrader the design is a little bit different and known from other Binary Options Brokers. You see the chart which is customizable and next to it you see the orde mask.

Like the other platforms, you can customize the chart as you want. There are not so many differences between the platforms. We recommend to try out each platform by using the virtual account. The Deriv app is still in the development process. So it can be that Binary.com will add new features soon.

Mobile Trading with the Binary.com App

Mobile Trading is very important today. The customer base who trades with mobile devices is rising continuously. Binary.com offers different apps for Android and Apple (iOS) devices. You can download the on their platform.

Binary.com apps:

  • Binary.com Tick Trade App
  • MetaTrader 5 for mobile devices
  • Binary Grid App

Binary.com MetaTrader 5 App

The mobile apps are professionally designed and allow you to trade the financial markets with your mobile phone or tablet. Similar to the web-based platforms you can use indicators and analysis tools. With the mobile app, you always can check your portfolio. Another advantage of mobile trading is that you can react immediately to political decisions or news. In conclusion, Binary.com offers professional and reliable trading platforms for trading Binary Options, Forex, CFDs, indices, and cryptocurrencies.

(Risk warning: Your capital is at risk)

Support for traders

Which type of support can you expect from Binary.com? – There is a phone, email, and chat support for traders. Also, you can get in touch with the broker via Youtube, Facebook, Twitter, or Telegram. More than 10 different languages are available because the company manages international employes and offices. The website is translated into 11 different languages

The support works 24 hours on regular working days and responds very professional to my questions. If you got questions you can contact them or read through the help articles. Moreover, there is an intelligent support system where you can insert your questions and get the right answers very quickly.

Support: Available: Languages: Languages:
Phone, Chat, Email 24/5 on working days More than 10 +44 800 011 9847 (Toll-Free) (UK)

Service for traders: Education and learning material

Furthermore there is a diverse learning center for every customer of Binary.com. It is suitable for beginners and advanced traders. The variety of free offers is huge and we will show you what you can learn in this section.

To get access to the academy you have to open your free account with Binary.com. Deposits are not necessary for access to the academy. There are different offers like webinars, trading signals, beginner tutorials, e-books, and market updates. You can learn how to trade with educational videos. Also, next on the platform, you will find direct explanations of the financial products which will help you to understand it.

From our experience, Binary.com wants the success of its traders. If the trader is successful the broker can earn more revenue because the trader will continue to trade forever. There is a very good educational material to improve your trading skills. You should no miss the education center.

Learning material of Binary.com:

  • Live Webinars
  • Weekly Trading Signals
  • Beginner tutorials
  • E-Books
  • Security Tips
  • Educational Videos

Conclusion of the Binary.com review: Legit company and online broker?

All in all, Binary.com is the leading broker for option trading. In addition, you can trade Forex and CFDs with the MetaTrader 5 Platform. The company offers you a huge range of investment possibilities which we recommend to test by using the demo account.

The minimum deposit is very low by 5$ and you can start investing with only 1$ per trade. There are no limits for bigger trades. Binary.com attracts any type of trader because of its good offers. Next to the professional trading platforms, you can use legal automated trading which is compared to other Forex Brokers a big advantage.

Furthermore, company history shows us that Binary.com is a trusted and reliable broker. The company expands continuously and implement new features. It is a fully regulated broker which we recommend to trade with.

Advantages of Binary.com:

  • Multi-regulated company
  • Small minimum deposit of 5$
  • Free demo account
  • No hidden fees
  • Return of investments up to 100%+
  • Forex and CFD Trading
  • Professional trading platforms
  • Automated trading

24Option

24option is the most widely known broker on the market and they offer a helpful demo account to try out their trading platform with no risk involved. Their minimum deposit requirement is higher than some other brokers, but if you’re serious about trading that shouldn’t pose a problem. 24option has been servicing traders for many years now and has a solid track record to prove they are not a scam. They do not currently accept clients from the USA.

24Option is owned by Rodeler Ltd, that is based in Limassol Cyprus. Authorized by the Cyprus Security Exchange Commission (CYSEC) with the license number 207/13.

During 2020 24Option amended their offering. They no longer offer binary options, and concentrate solely on Forex and CFD trading.

24option have moved away from platform provider TechFinancials, and developed a new bespoke platform. The new offering also saw a move into Forex and CFD trading, with the firm also offering forex pairs that include Bitcoin. Recent growth in cryptocurrency trading led the firm to add Bitcoin pairs as soon as they could.

Trading Platform

The 24Option trading platform is fairly unique, even within the fairly generic world of binary, forex and cfd trading. The look and feel of the platform has been designed in keeping with the brand, so the usual red and green trading buttons have been replaced.

This bespoke style does not impact the usability of the platform however. The type of trade is available on the top left menu – choose from:

The relevant assets are then shown beneath. Selection any of them will update the relevant payout information, and the price chart on the right. The trading area is well laid out, so although a lot of data is available at once, it is still clear and easy to use.

Open trades, and a history of closed trades are available under the trading area, where performance is constantly updated.

Signals

The trading platform also gives users access to the 24Option signal service. The trader sentiment bar is also used to aid trader decisions. The demo video at the bottom of this review illustrates how to get the most out of these. As ever, signal services should be treated with a certain level of caution, particularly where supplied by the broker. But they can be an additional tool for confirming, or stepping back from, particular trades.

The 24Option signals are referred to as ‘Trading Alerts’, and are found alongside the ‘open trades’ and ‘Trade History’ tabs.

Payouts

With more than a hundred different types of underlying assets on offer, traders at 24Option will certainly be spoilt for choice. They can choose for 43 different types of stocks, 11 commodity related options, 30 currency pairs and 19 types of market indices.

With Forex and CFD trades the payout will depend on the price movement of the underlying asset. Traders can utilise leverage to manage their risk and payouts. While trading on margin can increase profits, it can equally accelerate losses, so should be used with caution.

Regulation

In addition to being regulated and licensed by CYSEC, 24Option is also registered with several other European regulatory agencies such as the Autorité des Marchés Financiers (AMF) in France, BaFin in Germany, CONSOB in Italy and the Financial Conduct Authority (FCA) of UK.

The key benefit of dealing with a regulated broker is the fact that you always have someone to turn to for dispute resolution in the event there is a dispute between you and the broker. Another factor that should weigh heavily on a trader’s mind when selecting their broker is the ability to claim compensation should their broker turn insolvent. With 24Option, traders need not be concerned as they are a member of the Investment Compensation Fund scheme. The fund entitled traders to claim up to a maximum of 20,000 euros.

Mobile App

The 24Option app is a smart and easy to use mobile trading platform, available for android, iOS or Windows, the app is free.

The app has a clear, simple interface, and the trading process is intuitive. Screens and buttons are large making them easy to use without risk of mistakes because of small or hard to find buttons. As well as simple trading, the app will also display open and closed trades, and update them in real time. The trading app is a great addition to the range of features delivered by 24Option. Each version has been written to exploit the full range of functions across multiple devices, so android, windows and iPhone users all get a tailored experience.

Withdrawal

24Option withdrawals will be paid back to the source of the deposit. So payments can only be returned via the same method as a deposit was made. This a common situation, and is actually a safeguard to protect traders from fraud.

For the same reasons, the firm do require proof of address and some form of valid ID, before making withdrawals. This is to comply with money laundering laws. Where a deposit is made via credit card, details for that card will also be required for any withdrawal made later.

Withdrawal Complaints

Withdrawal complaints or problems often stem from delays in this proof of identity procedure. It is therefore worth sending all these details early – before a withdrawal request is made. This reduce the chances of problems, minimise complaints and ensure quicker withdrawal payments.

Account Types

24Options offer a range of account types. Entry to these accounts will depend on the size of the initial deposit. The larger the first deposit, the higher level of account type a trader will join. However, traders can always start with a smaller deposit – and then make a larger deposit at a later date in order to increase their account type.

Gold and Platinum account holders can enjoy regular free withdrawals, regular account holders receive their first withdrawal free. Remaining withdrawals may incur a percentage charge and this figure will depend on the method used – Skrill for example, will incur a 2% charge. Withdrawal requests can be made at any time.

New accounts will also get to choose between forex and cfd accounts. Bitcoin is tradeable via the forex pairs.

Is 24option a Scam?

As a regulated broker, 24Option are not a scam. They provide the service they say they will, and client funds are held separately to company funds. Regulators are taking a keener interest in binary options of late and 24Option have supported this. The trading platform is reliable, and withdrawals paid as requested.

Complaints

One complaint levelled at 24option has been the practice of “upselling”. This is where an account manager working for the broker will contact clients and offer to trade on their behalf. This generally leads to the trader over-trading, and in some cases trading beyond their means.

Where possible, traders should not let anyone else trade on their behalf, and in response to the complaints generated, the binary industry has begun to end the bonuses paid to account managers that behave in this way. It remains to be seen if this ends the practise, and traders need to be aware of the risk. If called by an account manager offering advice, we would suggest a polite “No thanks”.

Bonus

24Option offer a fairly unique bonus offer, by moving away from the traditional deposit match bonuses. They offer a range of ‘Premium Prizes’ – these are normally ‘tech’ offerings, such as an iPad or MacBook.

As with any reputable broker, 24Option will allow traders to opt out of any bonus incentive.

24Option Demo

Below is demo video from 24option, which details how to make a trade via a tutorial – from selecting the asset and trade type, to analysing the charts and judging trader sentiment, this 24Option demo video is fully comprehensive, including where to find the signal service (‘Trading Alerts’);

Review Conclusion

From the fact that 24Option is licensed and regulated by CYSEC, we can deduce that they are a legitimate operation. The warm and friendly service provided by them certainly makes a refreshing change from the cold and impersonal service which other brokers are accustomed to providing.

For those who are interested in opening a live trading account at 24Option, their minimum deposit requirement is $250. As for their minimum trade size, you can trade from $24 per trade. While the services offered by this broker are very good, it is their regular trading competition that sets them apart. Some offer tens of thousands of dollars in prizes to the winners of their competitions. There are also innovative bonuses offered, and the demo account allows traders to get used to the platform before stepping into the markets for real.

Pros
• Bitcoin Forex trading
• Extensive list of underlying assets for trading
• Professional Customer Support
• Robust and Advanced Trading Platform
• Support Multiple Languages
• Wide Range of Benefits and Incentives
• Now offer CFDs in addition to binary options

Cons
• Need to deposit $250 first before access to the demo account is granted

24Option Review Ratings

Customer Service Rating – 10
• 24/7 Support
• Phone Support For 21 Countries
• Trading platform translated into 18 languages

Asset Choice Rating – 10
• 43 Stocks
• 30 Currency Pairs
• 11 Commodities
• 19 Indices

Deposit Method Rating – 9
• Credit Cards
• Wire Transfer
• Web Wallets

Minimum Deposit Rating – 7
• $250

Minimum Trade Rating – 8
• $24

Trading Features Rating – 8
• Standard High/Low Binary Options
• One Touch Binary Options
• Short Term Binary Options
• Boundary Options

Payout% Rating – 8
• Up to 89%
• 15% Rebates

Bonus Offers Ratings – 9
• Up to 100% matching bonus on initial deposit.

Site Intangibles Rating – 9
• Regulated by CYSEC
• Demo account
• Asset Filter Provided
• Real Time Price Feed from Morningstar price quotes
• Demo videos, tutorial and ebook provided
• Regular Trading Competitions With Attractive Prizes

Binary24 Scam Test

(with video below) More and more people are sending us emails asking if the binary options trading sector is a scam in itself, as many horror stories have been shared lately on the Internet. Whether it’s about binary options brokers, signals or winning strategies, watch out for the big and sketchy world of this business.

In this article, you will learn what binary options are, some fraudulent practices in the industry, and how to report the crooks. How does the scam work?

Watch the video below to see in action the Binary Options Scam exposed, plus must-see info:

Before everything, you need to understand exactly what binary options are, in simple words and in-depth. In simple words, the best way to explain the binary options trading sector is that it is very similar to the gambling industry, aka the sports gambling websites or casinos.

You can place a bet on just about anything that is publicly traded (oil, gold, money – see video above), depending on which binary options website you use. You can win sometimes, but there is no way a binary options website could ever guarantee you that you will win. Do you ever see a sports gambling website ‘guaranteeing’ you a win on a Yankees – Red Sox or Seahawks – Giants game?

Given the analogy, beware of those binary options companies that pop-up on your computer screen featuring extremely long videos promising a guaranteed win if you join them on the spot. They typically feature some ‘successful’ binary options investor that invites you to come under his/her wing.

You are promised thousands of dollars a day, and all you have to do is to join their program (which, of course, comes with a deposit towards them first). If you join, little do you know that the fine print mentions ‘results vary’ or ‘no guaranteed win’, unlike the video.

All these wonder-binary option trading systems are sometimes advertised under multiple names, with fake testimonials. They lure you in and before you know it you are out your initial deposit, say $200. A few days later, you get a phone call from a “senior broker” asking you to invest $7,500. –>

Feel free to type in the Comments section at the end of this article questionable binary options brokers that you came across.

Binary Options Trading Scam: How To Avoid

The first recommendation is that you shouldn’t gamble on binary options trading, but again, it’s gambling. A lot of people think that they are good at it. Many even think they are very good, even when they lose.

They always find a wrong reason for their lost bet and start over again, as if they would learn from the lesson of the lost bet. The binary options trading industry is so popular because has an aura of being more respectable than the sports gambling sector since it represents itself as offering a form of investing.

At the end of the day, they are simply gambling sites. When you become a binary options addict it doesn’t sound as bad as a casino addict, does it? You don’t even know you are one.

Research the binary options broker very well, as review websites only give generic information about the dealers. Check to see if the broker has a license from the CFTC, CySEC, ASIC, FCA, BaFIN, or another government regulator. On the other hand, it is always a red flag when he regularly calls you to deposit more money.

Last but not least, be wary of robots that ask you to make a deposit, before you can see the settings.

Binary Options Trading Scam: How To Report

Make your family and friends aware of this scam by sharing it on social media using the buttons provided. You can also officially report the scammers to the Federal Trade Commission using the link below:

What Is A Binary Option

In more complicated verbiage, a binary option is a financial option in which the payoff is either some fixed monetary amount or nothing at all.

While binary options are used in a theoretical framework as the building block for asset pricing and financial derivatives (a binary option maps to the cumulative distribution function of the risk-neutral distribution), they have been exploited by fraudulent operations as many binary option outlets (outside regulated markets) have been shown to be scams.

The two main types of binary options are the cash-or-nothing binary option and the asset-or-nothing binary option.

The cash-or-nothing binary option pays some fixed amount of cash if the option expires in-the-money while the asset-or-nothing pays the value of the underlying security. They are also called all-or-nothing options, digital options (more common in forex/interest rate markets), and fixed return options (FROs) (on the American Stock Exchange ).

Though binary options sometimes trade on regulated exchanges, they are generally unregulated, trading on the internet, and prone to fraud.The U.S. Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) have issued a joint warning to American investors regarding unregulated binary options. and have forced a major operator, Banc de Binary, to cease operations in the US and pay back all customer losses.

Many binary option “brokers” have been exposed as questionable operations. With such binary option brokers, there is no real brokerage; the customer is betting against the broker, who is acting as a bucket shop. Manipulation of price data to cause customers to lose is common. Withdrawals are regularly stalled or refused by such operations.

How To Protect Yourself More

If you want to be the first to find out the most notorious scams every week, feel free to subscribe to the Scam Detector newsletter here. You’ll receive periodical emails and we promise not to spam. Last but not least, use the Comments section below to expose other scammers.

4th, August 2020

Add Your Comment

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This is to report the website (probot.club) an investment platform for binary option traders to maximize their returns.

The website is a scam website. I invested $200 on April 4, 2020 for (easy start, 45days). My profits is expected to be paid on May 19th, 2020 but yet to received my payment. I contacted them several times but all my efforts prove abortive.

They sent mail to me that my money would be paid but not see anything. When they discovered that i disturb them too much they blocked me on whatsapp. Please visit the website for more information. Thanks

I did lost exactly about $337,000 to a SOLID C F D broker with their website. There are certain mistakes we all wish we had the power to prevent. Sharing my experience on this; Unfortunately for me I joined the queue of Solid C F D brokerage company. I was approached through a call,convinced they were genuine and Invested all my hard earned savings with them.

Look there are so much list of these brokers to avoid. I can only enlighten newbies and brighten up everyone that has fallen for this cheap lies.

However, I have been able to recover all my money i lost to solid c f d with the guidance of an orientated Financial Management/Recovery expert.
I’m open to share my experience on how reaching out to ;[email protected] dissolved my worries.

I am trying to locate and bring together US victims to initiate a major legal action against them. If you can help, that would be appreciated. Franke is an alias to protect my family against these scammers as they are mainly from Israel, Russia, Bulgaria, and the Ukraine. Here is an article about me and if you want to connect by video to see that it is truly me, I am completely fine with that. Probably a first but I took over the site that scammed me and 15 others, Suisseoption and now using it for a good cause. I’ve been doing this for almost two years now and hope to see some justice. I’ve been tasked by lawyers in Washington to locate enough victims to cover a $1 million material loss from these brokers. Then, the case goes forward. It is a hard thing to do considering full time job and family and I can use all the help I can find. Your site has a decent size audience and US based, so I think it would be a good venue. I’m really tired of seeing good people taken including disabled, retirees, people with kids, etc. I will include the list here too again and the news article about me written for a Jewish newspaper in Canada and I’m not even Jewish. Thanks for your consideration and time.

The sites I’m trying to find US victims:
1001carats.com
4u-groups.com
53capitaltrade.com
53option.com
8888markets.com
Airfinancepro.com
Allegramarkets.com
Argocommerce.com
AsicTrader.com
Axeoptions.com
Axetrades.com
Axetrades.net
Bancdetrust.com
Bank2invest.com
Bankandcapital.com
Bankcfd.com
BBBMarkets.com
Betacrypto.com
BFPFX.com
BFPoptions.com
Bh-markets.com
Binaryroyal.com
Bitcoinoie.com
Bnqoptions.com
Bnroptions.com
Bopros.com
BrokerOfficial.com
Brookstone-chessmont.com
BSDoption.com
Bullabear.com
Bullnbear.net
Bullnbear.org
Buzztrade.com
Cabinet-villepin.com
Capalliancepartners.com
Capital245.com
Capitalbankltd.com
Capitalcommissons.com
CapitalStatus.com
Carat4invest.com
Carterfs.com
Cash4ufx.com
Cci-finance.com
Cfdroyal.com
Cfdwin.com
Cfm-ltd.com
Chasecapitals.com
Chase-Saunders.com
Citybankcfd.com
Cityofbinary.com
Coinbrokerz.com
Coneoption.com
Crown-Finance.com
Crypto-arena.com
Cryptobight.com
Cryptocoinfn.com
Cryptonash.com
Cssmarkets.com
Daxmarkets.com
Dealinpro.com
Deroyalbank.com
Diamondinvests.com
Diamondspartner.com
Diamonds-pro.com
Easylinepro.com
EitExchange.com
EMDCapital.com
Executivecrypto dot com
Extick.com
Faexchange.com
Fcoptions.com
Financecorporation.com
Finance-corporation.com
Finance-trades.com
Financetrading.com
financial-strategie.com
Flyfinancialgroup.com
Fx-dealer.com
Fxinvest24.com
FXlatam.com
Fxpin.net
FXVIP.trade
Fxwso.com
Gain-capitalltd.com
GBOCapital.com
Gcg24.com
Generalbank-invest.com
Genevaoption.com
Gettoption.com
Goldenkeypro.com
Gss-fi.eu
GTPCapital.com
Hamiltonfe.com
HWMarkets.com
Idbtrades.com
Interbanctrading.com
International-diamond-negotiation.com
Invertplus.com
Invest-diamond-center.com
Investing-area.com
Investmentsfx.com
Jacobmorganih.com
K2Investing.com
Leaderdiamond.com
Littinvest.com
Lockwoodinv.com
Marketcfd.com
Marketsyes.com
Mclaren-price.com
MegaCFD.com
MegaTradeFX.com
Metainvesting.com
Meta-investing.com
Meta-investing.uk
MFPInvestments.com
MMFinancialexperts.com
Mybrokercorp.com
Noblecapitalhouse.com
Omega-capitals.com
Omegacrypto.com
Optionmagnates.com
Originalcrypto.com
Palonex.com
Perfectbinary.com
Pinprotrade.com
Platincfd.com
Pointinvestmentgroup.com
Prcfinancials.com
Prestigecfd.com
Primebrokerz.com
Primecryptobank.com
Richmondfg.com
Rushoptions.com
Secondinvestment.com
Shterngroup.com
Spdrinvest.com
Spot2trade.com
Starcfd.com
Stbinary.com
Stockscall.com
Stockswiss.com
Strongoptions.com
Success-bank.com
Suisseoption.com
Swissbinarytrading.com
Swisscapitalconsulting.com
Swissfxpro.com
Swissfxtrading.com
Swissmagnates dot artox dot win
Swissmagnates.com
Technopers.com
Thebtcmarket.com
Thediamondsmarket.com
Topdigitalcoin.com
Trade2get.com
Tradegf.com
Tradersliberty.com
Trustcapitalinv.com
Ub4trade.com
UBSOPTION.com
Vipbusinesses.com
Vipmarkets.net
VipWayZone.com
Weberfinance.com
Welcomediamond.com
Wellingtoninv.com
Worldofcfd.com
Wt-capital.com
XCoinbroker.com

I also lost about $450,000 to an IQ option broker and 2 fake binary option website as well but I am sharing my experience here so as to enlighten and educate everyone that is losing money or has lost money to a scam including binary options, dating scams and fake ICOs.

However , I have been able to recover all the money I lost to the scammers with the help of a recovery professional and I am pleased to inform you that there is hope for everyone that has lost money to scam.
you can reach out to them on :[email protected]

I also lost about $175,000 to a Greenfield Capital broker and 2 fake binary option website as well but I am sharing my experience here so as to enlighten and educate everyone that is losing money or has lost money to a scam binary options, dating scams and fake ICOs.

However , I have been able to recover all the money I lost to the scammers with the help of a recovery professional and I am pleased to inform you that there is hope for everyone that has lost money to scam.

Here is a spammer

After being scammed by KayaFX and DailyTrades I began to search for a legit and reliable company or lawyer, who could help me to gain back my stolen 125k. There were few scams on the way as well, but finally, I was told about a UK company, that is the real deal. Thanks to them I’ve managed to receive not only my own investments but also the profit, I’ve made as I find out later. So, huge thanks from me to ScamConsulting SCC. The whole process took about 2 months. I wouldn’t say, it didn’t cost me a penny, but for this type of your own stupidity, you should pay much more!

last year i was contacted by a broker who convinced me to invest into Davorcoin. i made an initial investment of €7,900 and they asked for €14,500 more in order to access my withdraw. i followed their instructions and made another deposit.
i have been trying to contact Davorcoin for 2 months and i got no response.

i am happy today because i have been able to get 100% of all the money that i lost back with the help of a wealth recovery team. I had no problems with giving them 10% from the Money after I got it back.
you can reach out to me for more insight.
optionsrecovery3352 @ Gmail . Com

if you want to be profitable in binary options – do some research, watch how others trade and don’t invest more than 15% of your monthly income, otherwise it can end bad? i also remember when i started binary trading, it did more harm to me than good. I lost some good amount of cash. I lost faith in the system until a friend introduced me to Mr Armstrong, initially I had doubt entrusting him with my funds but thank goodness I did.he helped me in trading and managing of my account,with his amazing indicators and best of his best strategy i invested $350 and made $7,500 in my first week .. i had my LOGIN ACCESS and i was always able to check my balance and trade records daily ..He really turned THE table around, I didn’t just get back all I lost in binary but also in my life. feel free to contact Mr Armstrong via.

I was scrolling through a binary option group ,then i saw a post about Bryan hills forex and binary trading and how i could earn much more than i can imagine, i got in touch with him and he made every step clear to me and how his strategy would work magic. and it really did!! i got $5100 my first week after i invested just $350 if you are having difficulties in trading , he can also manage your broker account,which you will also have your ACCESS LOGIN so as to enable you to check your trade records and balance DAILY contact Mr bryan hills through

Email : [email protected]
whatsapp : +15185546287
direct phone number : +15185546287
Telegram : http://T.me/bryantrade

Moneybacklawyer.com are scammers. They can’t even spell the word ‘lawyer’.

Their video is done by a guy from Fiverr (his name is Pete), their email addresses are all from Gmail. They’ll feed you some cock n bull story about how they can get your money back quickly – when normally this can take months.

Their documentation is shady – lots of red flags. don’t trust them an inch.

BlueMountain Capital
is an absolute Scam recovery manager.
The firm was founded in 2003 on the belief that internet
persistently exhibit artificial segmentation as a result of
Scam and online irregularities.
If you have been scammed in any way and you want your money
back then we are the best people you will want to talk to.
contact us today.

Key Contact: Andrew Feldstein, Co-Founder & CEO
Phone: +1 631-364-4891
Email: [email protected]

Binary Options can either be your worthwhile or quite your downfall, it is
like
betting on black and red in roulette. I was scammed by Option signals
and 24option, lost my money like a lot of other people out here, it’s
quite heart breaking once you figured you cannot withdraw your funds.
Someone
here referred a hacker that can got to hack their server,phones,emails
to get my money recovered and I contacted him, he was able to recover my
funds within 24hours after I explained myself. So if you happen to fall
into this category, contact him and thank me later, he’s very
professional and has been doing it for quite a while now with enough
recommendations.
Also Versatile in all types of hack i guess. Give it a try

??(|Asianhackgod000| |@| gmail |.com|)

BlueMountain Capital
is an absolute Scam recovery manager.
The firm was founded in 2003 on the belief that internet
persistently exhibit artificial segmentation as a result of
Scam and online irregularities.
If you have been scammed in any way and you want your money
back then we are the best people you will want to talk to.
contact us today.

Key Contact: Andrew Feldstein, Co-Founder & CEO
WhatsApp: +1 631-364-4891
Email: [email protected]

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