Is 24Option A Scam?

As a trader, you want to have peace of mind that your money is safe and that you will be able to withdraw your profits in due time. Since the online world is a breeding ground for dishonest people and companies, you have every right to ask if a given broker is a scam or not. When it comes to 24Option, you can relax. Is 24Option a scam? The answer is a blatant no and here’s why.

CySEC regulation

While regulation is not a guarantee against any malicious activity, it definitely is a step in the right direction when it comes to protecting clients’ interests and capital. 24Option is regulated in the European Union, which means it must abide by strict trading laws and ensure all policies are up to date and in compliance with the financial regulator.

History

Since its inception in 2009, it has built a reliable user interface with transparent trading, deposit and withdrawal guidelines. The quality of traders registered with this broker speaks volumes; since 24Option has finickier minimum trade amount policies, it has a tendency to cater to more advanced clients who have a well-established trading career. The fact that highly respected traders choose this company means it has managed to market itself has a trustworthy player in the binary options industry.

US traders

While 24Option is open to accepting traders from all over the world, it had to cease registration of US traders. This affects anyone who was previously registered with the company and any new customers wanting to start trading. This decision was made in compliance with both the CFTC and the SEC regulators and is not due to some fraudulent practices on the part of 24Option.

This broker has made tremendous progress since its debut and has shown its commitment to providing excellent customer service as well as the latest tools available to its clients. No issues have been reported that would make us believe otherwise: 24Option is not a scam and you can feel 100% confident in your decision to sign up.