Binary24 Scam Test

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Binary24 Scam Test

Binary24 Scam Test

Apart from being a fairly new addition to the market, Binary24 is also a very interesting broker. They follow the latest trading fads but manage to incorporate them into the specific environment of binary options. And while this may seem pretty attractive, the fact that the company has been around for less than a year may cause concerns with some traders. However, we are here to see if there’s any reason to suspect these people and their intentions. This Binary24 scam test will check all the most important aspects of doing business on the broker’s website and present you with objective facts from our own trading experience. Read on to learn absolutely everything about the security system here.

Your money is safe

Ok, so what’s the one thing that needs to go smoothly for online traders when they’re doing business with a brokerage? Money transfers, of course. Well, we can testify that there were absolutely no deposit or withdrawal problems when we were trading here. The broker uses a reliable SSL security system and keeps clients’ funds in segregated accounts, so you have absolutely nothing to worry about. 3-D security protocols are also used to make sure no problems ever occur. Even if you decide you want to trade cryptocurrencies, you will get the same level of care as the company keeps all their clients’ virtual coins in cold wallets. Therefore, we can say that depositing and withdrawing here is safe and that these processes show no signs of Binary24 scam.

No chance for a Binary24 scam

But we still have a lot more to cover. If you want to know just how much these guys have to offer, check out our Binary24 Review 2020, as we will stick only to the security features here. Don’t worry, there’s plenty of them. For example, you can open an anonymous account and trade Bitcoin without anyone ever learning your true identity. Ingenious! Your accounts can also be shielded by two-factor authentication and will even have DDoS attack protection applied to them to make them even more impenetrable. And if you have any doubts about how the trading platform here works, you can simply open a free demo account to check everything out. The broker’s policies are also completely transparent and easily accessible, so there is absolutely no way we can talk about any kind of Binary24 scam. Ever.

Conclusion

It’s actually pretty refreshing to see this level of technological protection applied to a trading website. They really have it all here, and they’re even willing to go an extra mile for your cryptocurrencies, too. No matter how and what you decide to trade here, your funds will always be treated professionally and receive the best possible care. Heck, you can even trade incognito if you don’t feel like disclosing your identity to anyone, which is a very innovative feature. We’re sure many of you will love that kind of trading. In short, we never had any problems while trading here, and the number of security features certainly has a lot to do with that. Don’t be afraid of a Binary24 scam and open an account with this company today.

Binary24 Review 2020

We have another analysis to perform, but things are slightly different this time. As you can see from the title of this article, we are heading back to our roots. After examining various wallets, forex and CFD brokers and cryptocurrency exchanges, we have a binary options broker on our hands once again. The interesting thing about that is that this is a fairly new broker (launched in 2020), so it will be very interesting to see how they combine binary options with the latest trends in the online trading industry. We saw some really interesting solutions here, and we can’t wait to show them all to you in the rest of this Binary24 review. Stick around and you just might find a completely new way of trading.

Binary24 Account Types

The first thing you need to have before you can start trading here is, of course, a live Binary24 account. There is only one account type at your disposal, but we don’t really view that as a negative thing. Simply put, it means that no feature will be hidden from you. Everything is readily available, no matter how big your first deposit is. To open your Binary24 account, all you need to do is provide your e-mail, create your password and click on the Register button. And that’s it – doesn’t take more than a minute. You can also sign up with your Facebook, Twitter or even Google Plus account, which is a pretty nice touch.
However, before you start trading for real, you may want to check out what Binary24 demo account has to offer. It is completely free and requires absolutely no effort to open (not even a deposit), so we sincerely recommend you check it out. Just to get an idea what you can hope for here. You will notice a “View Demo” button right on the main page – click it and you will get a short presentation of the platform’s main features. Several nice and short tooltips will explain everything you need to know and then the Binary24 demo account will kick in. You will have 10000 virtual USD at your disposal, and all you have to do is choose an asset and see how it goes, you know the drill. Once you feel confident you can start trading on the live platform, switching to a live account is a matter of seconds. What awaits you there is the topic of the next part of our Binary24 review, so keep reading.

Binary24 Registration Page

Binary24 Trading Platform

As you can easily conclude from the broker’s name, binary options are the main focus of Binary24 trading platform. In other words, rewards are high if you can get it right, but if you turn out to be wrong – you lose. However, there are many tools here designed to make this type of trading much more than a simple coin toss.
With more than 130 assets at your disposal, from currency pairs (including cryptocurrencies) to indices and stocks, you really can’t say that there aren’t enough investment targets. However, the number of assets is just the tip of the iceberg of excellent trading features Binary24 trading platform has in store for you. It is very interesting to see what this BinoTech software is capable of, since the public had some rather high expectations from it, but we can honestly say it has duly delivered.
Probably the most distinctive feature of the trading environment here is the fact that you can trade cryptocurrencies completely anonymously. We have to admit this is the first time we see something like this implemented, but it works absolutely flawlessly. You can count on top-notch security here. Apart from that, you also have full access to historical quotes which is another priceless feature when it comes to this website’s transparency.
Binary24 trading platform API is another rich source of trading options. There, you can manage the risk associated with your trades, set up automatic execution of your desired strategies and even place orders faster than usual. Add to that the fact that the platform also offers things like live chat with other traders and access to market news, and you’ll get a complete trading experience on a single screen. Thanks to the great design, though, you’ll never get lost in the information you receive. The fact that you can earn up to 98% per successful trade is just a cherry on top of this delicious trading cake. If you don’t know, that is an exceptionally high potential profit when compared to the rest of the industry. And the best part of it is that trades can be closed within just five seconds! So, if you’re on a roll, you could become a very wealthy person literally in less than a minute. Now do you see why we think this broker will be a success? But this is still just the beginning of our Binary24 review so stay tuned because there are more unique features here we have to tell you about.

Binary24 Trading Platform

Best Binary Options Brokers 2020:
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    BINARIUM

    Top Binary Options Broker 2020!
    Best For Beginners!
    Free Trading Education!
    Free Demo Account!
    Get Your Sign-Up Bonus Now:

  • BINOMO
    BINOMO

    Only For Experienced Traders.

Binary24 Mobile App

If you’re too busy to just sit in front of your computer and trade, Binary24 mobile app offers a solution to that. This completely free piece of software will link you up with your account in a flash and offers pretty much everything the regular platform has, really. Great design, superb security and non-stop trading are still there, only in a form slightly adjusted to your mobile device. You can even make your Binary24 deposit this way, manage your funds and do so much more. Yes, cryptocurrency trading can be done this way, too. As far as we can see, software is regularly updated to keep up with everything on the market, meaning the company cares a lot for this part of its offer and makes sure its clients have everything they need.
However, we have to say that Binary24 mobile app is at the moment only available on Google Play, i.e. for devices on Android systems. This is somewhat understandable since this is still a new broker, and we firmly believe this will not remain the only version of the mobile platform for long. Hopefully, there will be an iOS version soon too, so that traders with iPhones and iPads can join in on the action. But this is really a minor inconvenience, especially when you take a look at the numbers we have for you in the next part of this Binary24 review.

Binary24 Home Page

Binary24 Deposit

As we all now, trading isn’t free – you have to have something in your account balance if you want to invest. That’s why we have to look at the Binary24 deposit in this article.
You have several options to make a deposit here, but all of them are actually cryptocurrencies. Bitcoin, Dash, Ethereum and Litecoin are accepted, and they practically come without any limitations. Your Binary24 deposit of this kind can be as small or as big as you want, there are absolutely no limits. There isn’t even a deposit fee. Keep in mind, however, that the funds you deposit this way may take up to an hour to become visible in your trading account balance, so you may have to be just a tad patient. Nevertheless, the fact that you can deposit in cryptocurrencies only certainly makes this company stand out from the competition. Remember, you can trade completely anonymously this way.
Since there is no minimum or maximum Binary24 deposit, you can invest pretty much whatever you want when opening a trade. Well, at least one cent’s worth of cryptocurrencies, but that essentially means you have full freedom when investing. This is a huge advantage when you compare this broker to its competition in the industry because minimum deposits often reach 250$ or so and minimum investments can be 10$. Therefore, if there’s one place where casual traders can feel at home, it’s this one. What about transferring money in the other direction, though? Find out below.

Binary24 Deposit Methods

Binary24 Withdrawal

After the deposit, we need to take a look at Binary24 withdrawal too, right? Well, let’s get to it. Each request will usually be processed very quickly, most commonly within just a few hours, but sometimes it may take a day, which is still quite acceptable. Whenever you initiate a withdrawal, there will be an icon in the top right corner of your screen where you can find out everything about the procedure. We will tell you, however, that the Binary24 withdrawal fee starts at 0.1% of the amount withdrawn, so be careful when making your calculations.
The whole process is actually pretty simple. All you have to do is log into your account and find the “Deposits and Withdrawals” button when you get to the platform. A list of available cryptocurrencies will appear in front of you and you simply have to choose what you want to withdraw. After that you simply type in the amount you want to take back. A big plus is that there is no minimum Binary24 withdrawal requirement. That way, you don’t ever have to worry about your balance being big enough. You have everything under your control, so you can essentially withdraw whenever and how much you want. Compared to other binary options brokers, this is a major advantage. Combine that with the fact that you don’t have to verify your identity, and you get one of the simplest and smoothest money transfers in the whole industry. This is definitely one of the most important features, if not THE most important feature to mention in this Binary24 review of ours. We’re not done yet, though, as there are still many important things to discuss.

Binary24 Support

It’s always important to take a look at the customer support when doing this sort of thing for a wider audience. This can tell you a lot about how serious a company is and how willing they are to provide assistance. It also tells you a lot about security and reliability, but you can read more about that in our Binary24 Scam Test.
We are happy to say that Binary24 support works very well, as the people there are at your disposal 24 hours a day, seven days a week. Of course, they are very knowledgeable about everything the site has to offer and will not try to make you open an account here as soon as you contact them, which we really appreciate. You can contact them by e-mail or via phone, plus the company is active on Facebook, Google Plus and Twitter, so you can follow them and send them a message there, too.
You have probably noticed that we did not mention Binary24 chat in the last sentence. Unfortunately, that option is not available at the moment, but the e-mail option works just as well. Every time we sent a question that way, we would receive an answer in a matter of minutes, so you really lose nothing in terms of the speed with which your questions are answered. Since we’re on that topic, we have to mention that the website has a detailed FAQ section too, which is another way you can learn how things work around here. A very commendable feature is the fact that the website is available in 14 different languages at the moment, form English to Chinese, so you should be able to find your way around here with ease.
In addition, all policies and rules are clearly stated on the website. The broker is completely transparent about everything you may want to know about investing here, which really makes the whole experience a lot more enjoyable. Thanks to that, the absence of Binary 24 chat is much more bearable. That’s really the only thing we can say about the support that isn’t high praise – the rest works absolutely flawlessly. But are there any other, more serious complaints to make? Find out in the next part of the review.

Binary24 Complaints

Whenever we analyse a broker, we try to encompass real traders into our analysis, too. We talk to them and try to get their feedback in order to check if we missed anything while we were on the website. So, what Binary24 complaints have we uncovered?
Well, many people mentioned the one we already mentioned in the last part of the review – there is no live chat. Apart from that, we have noticed that some people are somewhat sceptical towards this kind of trading with cryptocurrencies, but as time went on they got used to the idea. The scepticism didn’t come as a consequence of any particular Binary24 complaints, but simply as a consequence of approaching something new. However, there is absolutely nothing to worry about – we repeat, trading here in simply excellent, primarily thanks to the broker’s trading platform.
There were some claims that this is a scam broker, but we couldn’t verify them. People claiming this didn’t go into much detail and they never showed any proof of any fraudulent activity. Given that we saw nothing that would indicate a scam, we cannot side with people claiming this.
Overall, Binary24 complaints made by people who trade here aren’t thing which could cause them to abandon the broker and never trade here again. There are more like suggestions what should be improved to make the trading experience here more enjoyable. You may or may not agree with them, but it’s up to the company to see whether or not they’ll implement them. Pleasing everyone is impossible. However, they do invite people to write to them and request a feature, so why not give it a shot? They are traders too, which means that they know what you’re going through and will listen to what you have to say. Still, one thing cannot be skipped when we’re talking about this company. It falls into this category of complaints, but it deserves a part of its own in this text. What could it be?

Which countries does Binary24 accept?

Well, the main Binary24 complaint we have to make is actually the number of countries they accept, which is unfortunately quite low. The fact that people from USA and Canada cannot trade here is not a big surprise because those countries have laws and regulations that prohibit pretty much all types of trading there. However, we were surprised to see the EEA (European Economic Area) on that list, which means that pretty much the whole Western Europe cannot trade on this website. Add to that Japan, Australia, Israel, Switzerland and New Zealand, and you’ll get quite a long list. We can conclude from this that the countries like India, Russia and possibly even China are this company’s main targets. Hopefully, the list of supported countries will expand in the future because we know that a whole lot of people would love to trade in this website and make the most of its very innovative features. As it stands, though, most of the Western world cannot participate in trading here at the moment.

Conclusion

In the end, we can certainly say that our Binary24 review has yielded some interesting results. An overwhelming majority of them are positive, even unique, although there is some room for improvement in terms of availability and support (more countries and a live chat would be nice). However, apart from that, there really is nothing bad we can say about this broker. All features are readily available to you, as there are no account packages that can only be unlocked with big deposits. We recommend you try the Binary24 demo account because it is really an excellent example of how this feature is supposed to work. The company has a unique approach to trading in that it accepts only cryptocurrencies (for now, at least) as deposit methods, which is also accompanied by some fairly unique features. This is all thanks to a great trading platform which is based on excellent Binotech software and which has loads of assets and analytical tools to offer you. Not only that, but it also comes as an app for mobile devices, so there really is no reason to say anything bad about it. Not a single word. As a matter of fact, we came across very few Binary24 complaints, and none of them were serious enough that they’d dissuade us from trading here. The support team is professional, all policies are completely transparent and there is nothing to fear. If you want to see the latest evolution of binary options trading, this is the broker you need to sign up with. Do it now and experience something completely new.

Binary24.com

Binary24.com Review

  • Decent web-based trading platform
  • Nice selection of tradeable assets
  • Not regulated
  • New and inexperienced broker
  • Limited information and no reputation
  • Not transparent with fees and other aspects

Binary24 is a new online binary options and cryptocurrency trading brokerage that was recently established in 2020. The brokerage is based out of Belize with their headquarters located at Suite 102, Ground Floor, Blake Building, Corner Eyre & Hutson Streets, Belize City, Belize. Binary24 is not a regulated broker and does not accept traders who reside in the USA, Canada, European Economic Area, Switzerland, Israel, New Zealand, Australia, Japan, North Korea, Puerto Rico, and Sudan. Being such a new online trading brokerage, Binary24 has yet to build up a reputation and is relatively unheard of. So how do you know whether Binary24 is a good trading brokerage to deal with? Find out in the following review where we’ll delve deep into the aspects that make up this online trading brokerage and see what sets Binary24 apart from the competition and whether or not they can be trusted.

Trading Platform

Binary24 features their very own proprietary web-based trading platform for the trading of both cryptocurrencies and binary options on a wide range of financial assets. The platform is intuitively designed and very easy to use. Traders can test out the platform via a live demo in which traders have $10,000 virtual dollars to play around with. This is a great way to get a feel for the platform and how the order system works. The trading platform differs from most cryptocurrency trading platforms and primarily has the functionality and style of a binary options trading platform. See below, some of the key features the Binary24 platform has.

  • Automate your trading strategies
  • Fast execution for placing orders
  • Manage and analyze your risk management
  • View real time and historical market prices
  • Review your account balances
  • Browse your trading history
  • Trade directly from the charts with one click trading

Some areas in which the Binary24 platform is lacking is charting analysis. The charts on the platform look very good, but traders do not have any technical indicators or drawing and analysis tools. However, traders can view the charts in 6 different time frames and view the graph style as Linear, Candlestick, and Ohlc. All in all, the platform looks and feels good, but may not be ideal for advanced traders.

Exchange Markets

Binary24 gives their traders the opportunity to trade over 130 financial instruments across a variety of lucrative markets including the foreign exchange markets (Forex), Cryptocurrencies, Indices,Commodities, Precious Metals, and Equities. The exchange does not support fiat currencies, but rather supports cryptocurrencies. Traders can only deposit or withdrawal Bitcoin (BTC), Dash (DASH), Ethereum (ETH), and Litecoin (LTC).While cryptocurrencies are the only accepted method of payment and withdrawal, the brokerage still primarily facilitates the trading of binary options on non-crypto products.

Fees and Commission

Unfortunately, Binary24 is not transparent whatsoever with the associated fees or commissions. However, the broker does advertise high and fast profits with the ability to earn up to 98% in just one minute or make a profit in just 5 seconds. The minimum deal value is just $0.01 so you don’t need to make a lot. Traders can start small and go big.

Security and Fairness

Binary24 claims to be a very safe and secure online trading brokerage. This may be true, but they are not regulated by any reputable regulatory authorities and have yet to build up a good reputation. This broker is relatively new and unheard of, and therefore can not be fully trusted. However, Binary24 does implement a variety of security measures for the safety of their client. See these security measures listed below.

  • Advanced SSL encryption on all transmitted data
  • Cryptocurrencies are held offline in secured cold storage wallets
  • Client funds are held in segregated bank accounts
  • 3-D secure
  • Two factor authentication methods for log ins and withdrawals
  • DDoS protection
  • Anonymous trading with cryptocurrency deposits

Support

Customer support is available via email and telephone 24 hours a day, 7 days a week. However, though support is supposed to be available 24/7, often times it takes longer than 24 hours to receive a response. Other support methods include reaching out to the brokerages social media channels including Facebook, Twitter, and Google+. Also, Binary24 has an FAQ section on their website with answers to a few common questions. However, this FAQ page is very limited and does not offer much value.

Conclusion

All in all, we found Binary24 to be a rather young and inexperienced online trading brokerage who fails to offer confident and reliable trading services. The brokerage is unregulated and not very transparent with their trading services and the fees involved. The brokerage does not accept traders from numerous countries and this is probably to avoid legal scrutiny. The trading platform offered by Binary24 is easy to use and well designed but lacks important features for experienced traders. The tradeable assets offered by Binary24 is decent, but again is lacking in many areas. Overall, there are much better online trading brokerages out there than Binary24.

Binary24 Q&A

The following are the common questions that customers inquired about Binary24.

Is Binary24 regulated?

No, it is not regulated.

Is Binary24 a scam?

No, we believe Binary24 is not a scam, but we don’t think they are a very reliable online trading broker.

Where is Binary24 based?

Binary24 is located at Suite 102, Ground Floor, Blake Building, Corner Eyre & Hutson Streets, Belize City, Belize.

Best Binary Options Brokers 2020:
  • BINARIUM
    BINARIUM

    Top Binary Options Broker 2020!
    Best For Beginners!
    Free Trading Education!
    Free Demo Account!
    Get Your Sign-Up Bonus Now:

  • BINOMO
    BINOMO

    Only For Experienced Traders.

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