24XP has done a lot of promotions in the past and they really claim to offer some lucrative advantages. But can this broker be really trusted or is 24XP a Scam?

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We ventured into our search to find this out. We have gathered that this broker rates average on Google trends and has been around for quite some time in the industry. We display their low results in the graph which can be found below.

Since we are still researching about this broker, we cannot say for sure that this broker is 100% legit. In order to be sure of our traders’ satisfaction we recommend you to Proceed to SafetyProceed to Safety OR choose one from the list of Top Trustworthy Binary Option Brokers:

Top 3 Brokers April 2018

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24XP Review

24XP is a binary options broker that was established in 2013. The broker is operated by AMFF Ltd and is located in Limassol, Cyprus. Recently, we undertook an investigation about this broker to find out whether they are legit or not. We looked at their trading platform, features and trader feedback and compiled a short review that provides more details about them. You can read this review to find out more about 24XP and decide if you want to choose them or go with another broker.

Is 24XP a Scam?

One piece of useful information that we came across was that 24XP is a licensed broker. They are CySEC regulated, but they are also under investigation as a result of conducting unethical behaviour. While 24XP delivers on some fronts, it definitely misses on the others. This is the reason we don’t recommend this broker at the moment. The broker may not be a scam due to the fact that they are licensed, but because we have come across complaints and have insufficient information about them, we cannot approve them as reliable.


Trading Platform

24XP operates on the TechFinancials trading platform. They have a well designed interface which is easy to use. 24XP also offers a signal service, but we aren’t sure how accurate the signals really are. Signals are delivered to traders via email which basically means that they will no longer be valuable if traders don’t check their emails or if they check their emails late. Trading options which are available include One Touch, Boundary, Long Term, High/Low and Turbo options. There are about 130 assets on offer from 4 different categories.

Account Types and Bonuses

The first type of account is the Initial XP Account. The minimum deposit is €250 and the welcome bonus is 10%. The second type of account is the Liberty XP Account where the minimum deposit is €1000 and the welcome bonus is 24%. The third type of account is the Premium XP Account. To get this account set up, traders must invest at least €10,000. The welcome bonus for this account is 50%. The last type of account that traders can sign up for is the Infinity XP Account. The minimum deposit starts at €50,000 and traders can qualify for a range of benefits.

How to Get Started?

  1. Free Sign Up – traders must complete a registration form with their details to sign up on their website.
  2. Trade and Profit – Trading can only start after a trader has deposited money into his account.
  3. Withdrawal – Profits which are made as a result of executing successful trades can be withdrawn by completing a withdrawal form.

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Deposit and Withdrawal Procedures

One of the reasons for which we are really disappointed with 24XP is that the banking experience that traders can get depends on their account types. Those who hold lower accounts get only one free withdrawal every month. There are also fees associated with making withdrawals. The payment options include credit cards, bank wire transfer, Skrill, MoneyGram and some online payment methods. Those who are looking to use bank transfer method to make a deposit must note that the minimum deposit that is required is €1000 which we think is pretty high.

Customer Support

The customer support service is good. The broker offers support in several different countries and each of them has their own contact numbers. Currently, their website supports only English language. They can also be reached via live chat and email. Although live chat service is available, there are times when traders have to wait before their questions and issues are resolved.

 

Conclusion

After our expert investigation we independently tested all the services and features that 24XP offers to its traders. We have given you the most important information about 24XP and the general conclusion is that there are definitely more reputed brokers than this one with higher overall score.

We cannot confirm you that 24XP is a scam, but neither can we guarantee you its safety nor legitimacy.

We are making continuous research to find out the most legitimate and trustworthy Binary Options Brokers – all approved to be safe and reliable. We recommend you to Proceed to Safety or to Choose a High-Rated Broker on Top10BinarySignals.com

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OR

Or Select Another Broker From Our List

After our expert investigation we independently tested all the services and features that 24XP offers to its traders. We have given you the most important information about 24XP and the general conclusion is that there are definitely more reputed brokers than this one with higher overall score.

We cannot confirm that 24XP is a scam, but neither can we guarantee its safety nor legitimacy.

We are making continuous research to find out the most legitimate and trustworthy Binary Options Brokers – all approved to be safe and reliable. We recommend you to Proceed to Safety or to Choose a High-Rated Broker on Top10BinarySignals.com

Trust_logos_top10_BSIG_1_new

OR

Choose Top Safe Broker




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Aaron

Aaron

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I am Aaron Daughtry and this is my blog about Binary Options Brokers, Signals Providers and Auto Trading Systems.
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