When we used to hear the term Binary Options and the broker’ 24Option’ used to come into our mind, such was the trust that they garnered over the due course of time. Unfortunately, all seemed to have ended up in a jiffy when’ 24Option’ decided to pull off options trading from its site and now only deals with CFD’s and Forex.
As a result, our team at First Option Recovery chose to pull up a thorough investigation into the matter. We decided to trace the number associated with 24Option and called to find out that the number traces back to some remote location in South Africa under some call centre. And guess what, we were right, the 24Option Scam was indeed operating from some random call centre in Israel. This piece of information was startling for us as the broker seemed to be one of the most legitimate binary options brokers in the world.
Let us assure you that very soon, you are going to see’ 24Option’ pulling off CFD’s and Forex and running away with your money. When you open the homepage, you land on a very well designed website where you can view the broker deals with CFD’s and Forex. Unfortunately, some time ago, it also included binary options, and for now, it is gone, with all the money lost.
24Option having a reputation to maintain and owing to the fear of getting exposed, all thanks to our fantastic team at First Option Recovery, has assured its investors that they would soon receive their money back. Many victims are still waiting to get their money back in their bank account. So far, we have seen that many brokers have been disabling options trading from their websites. So, is Binary Options itself a scam, and the 24Option Scam is just adding salt to the injury? Let’s find out.
IS BINARY OPTION ITSELF A SCAM?
No, it is not. Binary Options, in itself, is not. However, do note that Binary Options is a very lucrative field in the trading industry, and the returns are usually more than that of the typical forex, commodities and stocks. At First Option Recovery, we have unearthed many binary options scams, including the 24Option Scam and have successfully recovered funds from all of them.
Being a lucrative field, it has given rise to many frauds in the making, promising investors with high returns that are more than the average lot. 24Option Scam was among them. Many of these scams stand exposed, but some are still running today. The worst part is that many new traders are still falling victims to such scams daily.
WHY 24OPTION LEFT THE BINARY MARKET?
The 24Option Scam was already exposed. Although the company did not specify why it left the binary market, experts say that the binary options trading was a scam in the making for the company that was about to be unfolded. We believe the fear of getting exposed by First Option Recovery was extremely high. The company came to know about it and, to save itself from the financial experts’ destructive ill-fated criticism, decided to remove the Binary Trading Option from its list.
HOW DID THE 24OPTION SCAM GET EXPOSED?
‘ 24Option’ promised a high return on its trades irrespective of the trade’s time and duration. This was the first sign of the 24Option Scam that was about to unfold. After a recommendation from us at First Option Recovery in the field, significant players decided to file a complaint to the regulatory authority about the genuineness of the trading platform.’ 24Option’ had to clarify that they have hired the best in class financial experts who have had years of trading experience. After years of experience, patience and dedication, they created and offered the trading algorithm. Some were convinced. Others were not.
Binary Options trading on the platform is no longer active, and the broker is not accepting any new clients from Europe. New clients from the other parts of the world are still open for registration. However, we highly suggest you not register as a new user to a fund recovery group until they resolve the issue. It seems like Binary Options was about to commit the biggest financial option scam of the decade, but a timely intervention prevented it from happening. All thanks to the 24 Option Scam getting exposed.
WHAT IF YOU HAVE LOST YOUR MONEY?
The 24Option Scam led many investors to lose their money. Although they have assured you that you would get the money back, right now, the only way to accentuate the process is to take the help of a fund recovery group. As a fund recovery group, First Option Recovery has been in the business for over a decade. With its unique approach and professional methodology of recovering funds, be it cryptocurrency scams or any other kind of bitcoin scams, you can place your cent percent trust in us about getting your money back. We also have a dedicated customer service team working day in day out to solve all your queries. Despite the busy schedule, they would entertain your request when you contact us and put forward your question to the fantastic team of investors always there to help you out.