Btc-option.biz Review Is BTC Option Scam or Should I Invest

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Is 24Option Scam? Broker review

On the web, you can find a lot about 24option. It is no surprise, because according to the statistics, 24option is the 2nd largest binary options broker in the world (Banc de Binary is 1st) However in this review, we will show you all information combined, making a big list of reasons why 24option is a scam or not.

24option is a binary options broker established in 2020 with headquarters in Limassol, Cyprus . Some may think this is s red flag, but, in fact, that is completely normal for binary options brokers. Most of them have their headquarters in Cyprus, because of regulatory purposes.

24option basic info

  • Official Website: www.24option.com
  • Headquarters: Limassol, Cyprus
  • Trading Platform: Tech Financials
  • 2nd largest binary options broker

Why is 24option scam?

I’ve read many complaints against 24option, saying that they scam people, they never let you withdraw your earned money, or even they lie about giving you free money and such. Those are all invalid reasons. Read on to see what I mean.

People complain, that they were offered free money (24option bonus) but then when it came down to paying customers out, there were problems. Yes – this situation can occur. But only if a customer has accepted a bonus AND has not completed all procedures needed for the bonus to be withdrawn. In order to withdraw money including the bonus offered by 24options, a customer is required to:

  • Upload necessary documents to prove the customer is, in fact, the person they claim to be
  • Complete wagering requirements (40x the value of the bonus)

If any of the above is not met, the withdrawal of the bonus funds is not possible. If you have this kind of problems, please, contact the customer support.

Another reason why clients might complain and dislike 24option is: losing their money. Trading binary options simply involves risk. Everyone should know that. It is an investment, with which your money is at risk if you do not invest (make trades) wisely. If you do not know what you are doing, please, learn something about binary options first and try trading on a demo account. You can do that either with 24option, but also with our demo account: x Binary Options Demo.

24Option regulations

24Options are regulated by important regulatory authorities of the world including the FCA in the United Kingdom, CySEC, Financial Market Authority and more. The complete list of regulators, that have approved trading with 24options can be found below – all of these official authorities have said “24Option is NOT a scam,” and gave them regulations.

A list of regulations found at www.24option.com

Their platform (Tech Financials)

Tech Financials is a platform programmed by a third-party company that creates binary options trading platforms not only for Banc de Binary but also for other brokers. 24Option is, however, one of the few brokers that use this platform.

This means that trading program, where traders make all the trades is not programmed by the broker itself, but by a different company. In the company’s intents is to make the platform as good as possible, in order to sell it to their clients (24option). If it was any sketchy, they would not buy it.

24option’s platform had to be reviewed by all regulatory authorities.

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More information about 24option

Author

More about the author Step

I’ve wanted to build a business of some kind and earn money since I was in middle school. I wasn’t very successful though until my senior year in highschool, when I finally started to think about doing online business. Nowadays I profitably trade binary options full-time and thus gladly share my experiences with you. More posts by this author

190 Responses to “Is 24Option Scam? Broker review”

I lost a house worth of money. DO NOT GO HERE it ruined my life

The worst trading plataform, don’t trust them, they will rip you off.
The worst trading plataform, they just rip me off 300 dollars from my account with the explanation was that the account was inactive for 1 month scammers, they don’t ever let you know that there is a fee for this and before they made close all my operations, because they had to makes changes to the plataform, without any notice. Im going to redraw my money now from this scammers.

Sir, is Premium 24option a scam? Can i still get my money from them?

Hello, I don’t know anything about 24option premium, I’m sorry.

Everywhere page I open that has to do with binaryoption or forex investments all have great customer reviews but when I tried investing with binaryoption, from plus option, to binomo to IQoption, I lost a lot. I still have someone helping me with my trades but I keep losing and now they want me to invest more money. I need to speak with people who have invested and had similar situations. Please reach out to me on my username

Hello, thank you for sharing your story. Trading is really complexive and long term activity. It took some time to find the right strategy, broker and the power to influence own psychology. Be patient. We wish you good luck.

24 option is a scam organised by Israelis, do NOT trade and watch out. you will find more infos on YouTube. Good luck to all of you

HI, so Option 24 is a scam. i invested money about 3 weeks ago, now they say i must pay 10% of the total profit made. they say because the american government and the IRS tax officials have found that a lot of money is made the thought binary trading. am i scammed or what. when i asked why they did not tell me prior they are not giving clear answers. is there a way of getting back the funds i invested??

Mlu did you get any help regarding your account. I also need help.

We are on the same boat. $100 =$1000, did I get No. Now they want withdrawal fees unexplained. That is 24option.

I 100% hate 24Option with all my heart.. They are thieves… Complete liars… Scammers….

Did you get your money back? Being Approached by a guy called Franco Lunga to invest

Got approached by Annika Luan, I haven’t invested anything, am so doubtful more especially being approached on social media . And they say they are using 24 option investment

hello sirs,,do you know Tatiana Konoplina > She said she is an account manager in 24option.please help me,,Ihave jnot invested yet but receiving calls from her and emails too.

The job of the account manager is to help you make your first deposit , if you don’t your account is not completed , they don’t call you to start trading or to take your money. Because when you deposit you get assigned to the Senior Account Manager who will be basically your mentor and tell you everything about trading. After that if you don’t want to trade or you don’t like it , you just withdraw your money and close your account , no questions asked and no fees! I know many people that work there.

HI I’m new to trading, my question is how is it possible to trade with minimum $200 investment under your own account? Normal broker would put you in a pool of shares under their account and managed by them, you have the option to join or not. When you trade using 24option is it your own share as in buying actual lot, or just your small portion under their share?

Dear Mozzax11, with 24Option and any other CFD brokers, it’s only a CFD. You don’t buy the stocks directly through them. However as you can read in the comment section below, it is not recommended to use 24Option!

Mr j.pro i had a friend of mine who meet a woman in facebook in the name of EDNA PEARL he says that within 48hrs we could have our gain profit. My friend immidiately finance because he trust EDNA. After 3 days jhon have his profit , but when he tried to withraw ,the company ask him 770 USD for withdrawal charges. Yes he paid it. But until now he had not withdrawn any money. Very negative. Help him . Im planning to invest or trade. But i have doubt now. Pls help us

Dear Michael, as we tell others – never trust anyone who says they will trade on your behalf. Always manage your own money. I am sad to say it, but I think you got scammed by this EDNA. Do not pay her any more money, she will never send you money back, be carefoul.

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Scam inspection 2020 | Is IQ Option Scam Broker?

IQ Option has become a well-known platform throughout the trading world nowadays. More and more traders prefer this particular platform for trading not just options but also forex and even cryptocurrencies. But is there a risk that IQ Option would appear to be some kind of scam? It is quite easy to reveal that, but it is also easy to cheat, as there are many different brokers and many inexperienced traders. Scammers are, unfortunately, present on the market and every broker should be checked thoroughly before any step towards depositing with them is taken. Because of that, it is vital to perform an IQ Option scam inspection.

Broker’s history and evolution

First of all, scam brokers can be easily detected by facts from their history. As a matter of fact, sometimes there is no history at all. IQ Option was presented to the market in 2020, Russia was first to see and use the platform, and among Russian traders it quickly gained a strong reputation and became very popular in a short period of time. This allowed IQ Option to develop and spread further, so soon it became known in European countries, China, America and so on. Also, there is an important thing to mention in this part of IQ Option scam inspection: very soon after the platform was revealed, the developers provided applications for iOS and Android. Such an effort in making the platform more accessible to everyone suggests that the developers care about each and every client who decides to trust IQ Option. But don’t take just our word for it, visit their website and see for yourself.

General Risk Warning: The financial services provided by this website carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose.

Test their customer support, chat with them via live chat, ask anything that interests you via e-mail or web-forms and see how fast and how good the answers will be. You can even open a demo account with them, which is as far as we know one of the best in the business – it can be used indefinitely and doesn’t even require a deposit. You don’t even have to create an account! One click is all you need. These are probably some of the most important methods of researching a broker and we are very pleased with the results they have yielded. At the very least, we may say that the historical IQ Option scam inspection has ended very well indeed.

IQ Option Awards

International Reputation

International experts have already valued IQ Option highly enough. In 2020, the platform was named the most innovative binary options broker, as it provides easy ways for trading that were even called revolutionary by the Forex Report. Year 2020 brought the platform the title of the Most reliable binary options broker, with the experts awarding this title being highly reliable – those from the MasterForex-V academy. With its colorful design and many helpful accessories, the platform was equally well accepted by both beginners and expert traders because it provided a clear and quick way of trading and virtually anyone can learn to use it. Eventually the company evolved and started offering much more than just simple options. Today, it is one of the most renowned trading partners you can find in the world. They also have a technologically advanced platform, but one that is fairly easy to use and with assets that do not require in-depth knowledge of every single market in order to recognize them. On the contrary, all assets offered are known globally, so no one will have to waste time researching new markets and familiarizing themselves with new companies. Here, obviously, our IQ Option scam detector says it also passes as a safe broker and you can learn more about the trading environment if you go to our analysis of IQ Option Trading Platform 4.0.

IQ Option Trading Platform 4.0

Deposits

Although their minimum deposit and minimum trade requirements are exceptionally low (10 and 1 dollar, respectively), which is one of the broker’s most important characteristics, IQ Option practices a rather strict payment policy which includes obligatory insurance of each and every client’s account in a European Bank. They approach all transactions with great care, have rules which explain all situations down to the slightest detail and are generally very serious and professional. The clients have picked up on that, and you can find numerous positive comments and reviews about this broker. After all, they did receive a lot of prizes over the years, which really says a lot. With payouts going up to 100%, this is a leading online trading broker! Obviously, there are some negative comments, as well, but you will find that these come from people who have lost money through their own mistakes and are just looking for somebody else to blame. All of that assures us that this IQ Option scam inspection is going more than very well. And, like we said earlier, you always have the option of testing everything for yourself if you open your IQ Option Demo Account. It is completely free and you won’t even have to leave any financial information, plus it gives you an opportunity to trade in real market with virtual 10 000$ for free!

General Risk Warning: The financial services provided by this website carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose.

Withdrawal

A very sensitive and significant moment in IQ Option scam inspection is the question of funds’ withdrawal as it shows how easily you can – or cannot – receive your own money. A withdrawal can be performed in different ways here, but the process directly depends on the method you used to make your deposit. Bank transfers, WebMoney, Skrill, Neteller and even PayPal are all available, as are Visa and MasterCard cards. Traders need to fill out and submit an application, but that usually takes just a few moments, which is important for occupied, busy traders. All withdrawals will be processed within one working day, while the minimum amount you need to withdraw is just 2 EUR. The ease with which anyone can withdraw their money shows the reliability of the platform. Also, if a trader has any problems, they can always refer to the support team of IQ Option and receive a full consultation. We have analyzed the process of withdrawal to great detail in our IQ Option Withdrawal Review which can be of further use to you if you want to research this topic some more.

IQ Option Withdraw

Multiple licenses

Over the years, the broker has been investing in its security a lot, and these efforts were recognized around Europe. Indeed, the list of licenses IQ Option has acquired over the years and the number of registries it is in is exceptionally impressive. These include:
– a CySEC license: the most important trading license in Europe. This allows the broker to be authorized to conduct business in other countries of the European Economic Area.
– FCA registry: the Financial Conduct Authority is an independent body responsible for overseeing the financial markets in the UK.
– CONSOB registry: CONSOB is the financial regulatory body of Italy.
– CNMV registry: Spanish regulatory agency.
– ACPR authorization: allows companies to operate in France and Monaco. The list of companies with this authorization can be found in the Regafi registry, and IQ Option is among them.
– AFM registry: IQ Option is also in the registry of this Dutch regulatory company, meaning it has access to the financial markets of the Netherlands.
– Finantsinspektsioon registry: an Estonian regulator whose task is to check that all obligations of a company towards their clients are fulfilled.
– ČNB registry: the financial regulatory body of the Czech Republic.

As you can see, the company is pretty revered all over Europe. There are many other reasons for that too (from traders’ perspective), and you can learn all about that in our IQ Option Review.

Compensation fund

But perhaps the best evidence against IQ Option scam is the fact that the company is a member of the Investor Compensation Fund. What does that mean? Well, it means that there is an organization behind them which makes sure every investor gets their money back in case of something going very wrong. If, for example, IQ Option suddenly goes under and you are unable to access your account with them, this fund will cover you and help you get your money back. Truth be told, the chances of this broker failing are very, very slim, but it’s good to know that there is a safety mechanism even in that case. Therefore, you can trade with your mind at ease – your money is 100% secure if anything unforeseen happens! With that, we think we can wrap this article up.

IQ Option Scam Inspection – Conclusion

Because of all these features, we can say that IQ Option scam examination went perfectly smoothly and that the platform can be recommended to all traders who appreciate safety and honesty. This is a broker that values its clients very much and will provide a superb service to them. They are absolutely reliable and safe, have a lot of experience and offer some very unique features. You are able to test them thoroughly thanks to their demo account with no limitations, and the support team is quick to respond through all the usual means of communication. Both novice traders and the more experienced ones are sure to find something that suits them and if you are looking for a new broker, IQ Option is certainly a great choice. The fact that numerous regulatory bodies have come to the same conclusion only supports that claim. Join them now and trade with the best broker around!

General Risk Warning: The financial services provided by this website carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose.

DISCLAIMER: Binary options are prohibited in EEA.

BTC Robot Review – is it a scam ? Real results from bitcointalk users…

BTC Robot Review Summary

Pros: Easy to setup, lots of tutorials, support available.

Cons: Doesn’t seem to act as described at all. Didn’t manage to get it to work on the Silver Plan.

Conclusion: No, BTC Robot is not a scam, but I believe that it’s not as accurate as described on the BTC Robot sales page. Personally, I didn’t manage to make a profit out of it but I’ve used it for 2 weeks only. The good thing is that the 60 day money back guarantee makes it a no brainer for someone who wants to try it out any way and decide for himself.

99 Bitcoins’ rating [usr=5.5]

For more information about BTC Robot.

Full BTC Robot Review

Let me start right off the bat here by saying this is not another “look how great my profits are with BTC Robot”. This review aims to bring real live research to conclude once and for all if purchasing BTC Robot is worth your money or not. I’ve been into Bitcoin for almost a year now and just recently got my hand on BTC Robot and this was only after some INTENSIVE market research. My guess is that if you’re on this page you probably are looking into researching it as well, so hopefully I can save you some time.

This review is not based on my personal experience only

Instead of just trading with BTC Robot and then giving you my personal opinion alone I integrated into this review as many online BTC robot reviews I could find online. I picked out the best ones (usually from Bitcointalk.org) and the worst ones (usually for people who are trying to make a quick profit) and brought them together. I will not talk about how to use BTC robot in the review since it’s pretty simple and there’s a complete step by step guide once you purchase it.

Searching for “BTC Robot reviews” on Google bring almost 92% are biased reviews…

So after going through the first 4 pages on Google for the term “BTC Robot Reivews” I managed to find only 3 reviews that were worth commenting about, the rest of the reviews were plain biased.

Jonathan shows real live proof that you can gain (and lose) with an honest BTC Robot review

I managed to go for almost 12 different reviews before deciding to purchase BTC robot. The first review I came across which was probably the most helpful was of a site called “Bitcoin World Wide” which was kind of suspicious looking since it seems to only be promoting BTC Robot. Nevertheless after reading the Jonathan’s review carefully I saw that he was actually updating his stats each month including loss (which is something that biased reviews rarely do). So up until November 2020 his account was at a positive ROI of %26.75 but because of the big drop in Bitcoin price in December he ended 2020 with a negative ROI of %61.23. My guess is that he was using the aggressive mode which cause him these loses. Here is his recap for December.

Michael Summer shows a real live screen capture of making profit

After screening some more excessively biased BTC Robot reviews I came across a Vimeo video of a guy named Michael Summers. Now this video is clearly narrated, but nevertheless he shows making actual profits off BTC Robot of around $386.18. After further investigation I saw that the video was uploaded on January 2020 but it was filmed on July 2020….make you wonder how legit it is after all.

The first major website to review BTC Robot says it’s a scam

After some more digging in, I came across an article from “The Verge”. To make a long story short the author of the post on The Verge claims the BTC Robot is just another scam in the world of making money online. Although he seems to be very determined about it, he did not bring one piece of evidence supporting his claims. On the comments that were posted to this article the BTC Robot team answered each and every reader who expressed the smallest of concerns which plays in their favour. If someone is trying to scam you, they usually won’t have such great customer service.

What Bitcointalk’s forum has to say about BTC Robot

For those of you not aware of it, Bitcointalk is the biggest Bitcoin forum online today, and it doesn’t take scams lightly. Users who are considered scammers are marked clearly and are usually booted out of the forum, here are some examples not related to BTC Robot:

I found 3 different posts relating to BTC Robot reviews. The first was of a a staff member of Bitcointalk. He actually created a total profit of $52.15 through the time he was trading but was losing Bitcions. He was kind of iritated by this although the BTC Robot representative who replied on that post clarified that profits are based on USD and not BTC, meaning if you want to earn USD use BTC robot. If you’re aiming to earn Bitcoins then perhaps there’s a better way.

The second thread of BTC Robot review on Bitcointalk I read heated up pretty quickly and got over 400 posts! I went over most of them (you can’t actually read 400 posts). Going through the posts I encountered another video that seemed to be legit and shows profits.

There was A LOT of back and forth in these forums. Mostly people accusing it of scam but without actual proof. The BTC Robot team seemed to defend themselves fiercely against any accusations. A few member finally came up with some actual trading data showing that they lost money when using the robot and some complained about bad customer service. Towards the end the forum get really aggressive, lowers the BTC Robot’s team trust score and calls out the program to be unsuccessful.

Finally I tried finding the latest BTC Robot review, since maybe something has changed during the time the program has been running. It seems that not much has changed although one reviewer said he had a hard time getting his money back because he bought the program with Bitcoins.

Last but not least, my own experience with BTC Robot

So after reading so much stuff online I didn’t have a very good feeling about BTC Robot, but there was still no outright proof that it was a scam. Also, they promise a 60 day money back guarantee so I figured I can purchase it, play with it a little and if I think it’s crap just get refunded. The purchasing process went pretty smooth, just go to the BTC Robot website, select your plan (I chose the Silver one) and then get redirected to ClickBetter for payment.

Note: ClickBetter is the payment processor for BTC Robot, so if you want to get refunded or have problems during your purchase you need to approach them. A word of wisdom, don’t fall into all of the up-sell crap they try to pitch you after you buy the robot, it’s just cheap marketing tactics.

I got my API keys from BTC-E. You do this by just going to your profile, choosing API Keys and then creating a new key. You can name it whatever you like but then you need to give it “info” and “trade” permissions.

I funded my BTC-E account with $100 which was the most I was willing to lose on this test. I set the robot to “medium” trade settings and waited to see what happens, unfortunately nothing did. The program wasn’t able to fetch my BTC-E information and therefor wasn’t trading. I sent an email to BTC Robot’s support and got answer the next day with some instructions. I then decided to take things up a notch and actually upgraded to the “Gold Plan”. The reason being that I have a 60 day money back guarantee so there is no risk.

After signing up to the Gold plan the Bot actually started trading. I decided to leave it for the next few days and see what happens. This is my account on the first day of trading:

Unfortunately enough, I didn’t manage to make a profit even after several days of trading. It was time to test out the last thing left…the 60 day money-back guarantee. I sent a refund request to ClickBetter and waiting to see if this will work as advertised. It did, and in 3 days I got my full refund for both programs.

The conclusion – is BTC Robot a scam ?

No, BTC Robot is not a scam, but I believe that it’s not as accurate as described on the BTC Robot sales page. Personally, I didn’t manage to make a profit out of it but I’ve used it for 2 weeks only. The good thing is that the 60 day money back guarantee makes it a no brainer for someone who wants to try it out any way and decide for himself. If you would like to share your experience with BTC Robot just post your comment and rate this product below.

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