Is 24option a scam?

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24option is widely regarded as one of the best brokerage sites on the web. Certainly it has one of the highest market shares, and pays some of the highest rates of return on their trades of all binary brokerage sites. Owned and operated by Rodeler Limited which is a registered company in Cyprus (reg number HE31 2820) it is also regulated by the Cyprus securities and exchange commission (Cysec) and is a licenced investment firm (licence number 207/13)

Is 24option a scam?

The company 24option was started in 2010 in London and moved its headquarters to Cyprus in 2013. BestBinaryBroker has reviewed 24option and rated it 10/10. They praised the site for its ease of use, attractive design and excellent multi language support, as well as referring to the fact that many brokerage sites fail to obtain CySec recognition.

 

24option awards

    •  24option has won several awards, including the Forex Magnates "Best binary option broker 2012/2013" which was awarded for their superb bonuses, excellent site design and high level of customer satisfaction.
    • 2014 has been a great year for 24option, eGaming review voted 24option the best binary options broker of 2014, and 24option also won the Forex Magnates London Summit 2014 Award.
    • 24option is also a sponsor of Juventus football club, which indicates that they have a high level of profit in order to be able to sponsor such a top flight football club.

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24option Support is perfect

The exemplary customer support that users have reported from 24option shows a company that is truly dedicated to keeping its clients happy and resolving any issues they may have as expediently as possible. 24option provide extensive learning resources for brokers to enhance their understanding of binary options trading via ebooks, webinars and videos which guide you through every aspect of the site and getting used to the market.

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24option have a very efficient complaints handling procedure. They endeavour to reply to all complaints within a 24 hour period (this fact alone suggests that they don't receive a huge amounts of complaints!) if your problem can't be resolved within one day, they will give you an estimate of when they will be able to resolve your issue. Also it is worth mentioning that if your complaint isn't resolved to your liking, you can also make a complaint to the Cyprus financial services ombudsman which regulates financial services providers in Cyprus.

Regulation is trust

24option mob dev24option is also registered with several other international regulatory bodies, namely CONSOB in Italy, AMF in France, BaFin in Germany and the FCA in the United Kingdom. When a binary trading company goes to the effort of registering themselves with no fewer than five regulators, it would be reasonable to assume that their financial services credentials are impeccable.

There seem to be no red flags surrounding 24options anywhere online. Feedback from both amateur brokers and top flight traders is that 24option provides a thoroughly professional, efficient and reliable binary option trading service that offers its clients training and support that far exceeds the industry average. And to add further peace of mind, 24option uses 128bit SSL encryption to secure all transmissions. The encryption service is provided by Thawte.

 

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