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Is There 24option Scam?

24Option
Min. Deposit: $250
Min. Investment: $24
Max Returns: up to 88%
Rating: Rated with 5 stars
Regulated Broker: Available
Signals: No
  1. 24option broker no longer provides binary options bonuses!

    Fear of scam is present in almost any kind of business dealings, and binary options trading is not an exception to this. Especially when one considers the number of binary options brokers present on the market.

    While 24option is a well-known and respected name, for those South African traders which are new and are only venturing into trading with binary options, wondering if 24option scam exist is natural.

    However, considering their long-standing reputation and the fact that we haven’t received any 24option scam reports it stands to reason this is so because there simply aren’t any.

    This broker utilizes one of the most prominent names in the business when it comes to software – TechFinancials, which provides registered South African traders not just an innovative and modern trading platform, but also one which is easy to navigate even for newcomers.

    Traders have a fine selection of trading options as well as numerous underlying assets sorted into currencies, commodities, stocks and indices.

    A quick look around the platform will show that traders are presented with all information they will find useful and necessary. Under Legal tab all rules and conditions of conducting business with 24option are given in full.

    Education Centre provides extensive info on binary trading while FAQ section answers all those questions which traders find crucial.

    logo-24options24option also makes sure they use the latest security measures on their platform which is delivered by Thawte, a trusted certificate authority, and which provides 128bit SSL encryption technology.

    That means that all data, be it financial or personal, is safe.

    Further proof that 24option scam is non-existent is their excellent customer support, available 24/7, which can be reached either via live chat, or, alternatively by phone, email at info@24option.com, phone or by using the web form which can be found in “Contact Us” section.

    This points toward a fact that South African traders are dealing with a broker which makes certain their customers can always reach them in case of emergency.

    Lastly, what those traders who opt for 24option get is also a broker which is regulated, which not only dispels a possibility of 24option scam, but also provides South African traders with additional confidence in selecting this interesting broker.

    24option banner

     

    24option Withdrawal Process 

    One point of interest to South Africans looking to select a broker and start binary options trading is certainly a withdrawal process and what it entails.

    24option withdrawal is, unsurprisingly, a simple and straightforward process which should not pose issues to traders.

    Minimum withdrawal with 24option is set at only $10 which is beneficial to traders.

    The process itself is uncomplicated and demands that traders, once they have logged in, proceed to the banking page.

    Once they are there, they select the amount they wish to withdraw from their account and then simply press submit. That will initialize the 24option withdrawal process which can take up to 5 business days until the funds are transferred to the clients account, provided all prerequisites are in order.

    That means that in order to have a successful 24option withdrawal, South African traders have to submit KYC documentation consisting of proof of address, copy of the credit card and copy of the photo ID which serve as a means to protect both the client and the broker from any form of wrongdoing.

    When it comes to payment methods available to South African traders they are:

    • Credit/debit cards: Visa, MasterCard, Discover, Diners, Switch, JCB
    • Bank Wire Transfer
    • E-wallets: Netteller and OKpay

    South African traders also need to keep in mind that 24option has withdrawal fees and those are:

    • Credit/debit cards: 3,5%
    • Bank wire: $30
    • E-wallets: OKpay and Neteller: 3,5%

     What is Trading with 24option Like? 

    As a regulated broker, 24option offers their registered traders a possibility of a satisfying trading experience.

    Traders around the world have had the opportunity to do binary options trading with 24option since 2010 and since they have only continued to grow and improve which has won them legions of satisfied traders, both in South Africa but around the world too.

    As a regulated broker, 24option is under obligation to follow the rules and regulations set by this authority which translates to further security for their traders.

    Minimum deposit necessary to start trading with 24option is set at $250 which is an average in binary options industry and traders can opt for one of the most popular four currencies: USD, EUR, RUB, JPY and GBP and once selected, it is not possible to change the currency afterwards.

    Minimum trading amount is, indicatively of the broker’s name, set at $24.

    Trading with 24option provides South Africans with several trading options: high/Low, Short Term, One Touch and Boundary while the full list of all available underlying assets is given in the Asset Index.

    The platform itself is modern, user-friendly and utilizes TechFinancials trading software to deliver the ultimate trading experience delivering 24option’s promise of the intuitive, efficient and effective platform.

    Lastly, the platform is multilingual and is available in Polish, Norwegian, Dutch, French, German, Italian, Japanese, Spanish, Russian, Arabic, Portuguese, Swedish and English.