247binarytrade Review: is 247binarytrade legit or scam? Why do reviewers said it’s a scam. Well we have to write 247binarytrade review with evidence on if they are legit or scam.
247binarytrade broker is a new binary options trading platform that was founded by group of experts. The platform is built with intuitive interface and high quality performing features. Founded in 2020 under P24O ltd. However P24O Ltd. is a Maltese directed investment services supplier that works under European and Maltese guidelines. P24O Ltd. administrations are oriented to the English, French, German, Italian, and Arabic markets.
P24O Ltd. is a creative broker with a worldwide stance. 247binarytrade is under the strict standards of the MFSA in US, P24O Ltd. Which assumes to complies with the highest regulatory standards.
This a pure ECN under binary options trading, only offered by 247binarytrade broker. In the process of our review, we have it that they are equally have a connection with Finmax broker. Or they claim to have connection with Finmax broker. How we got to know was that their affiliate program is said to be managed by wowpartner. However wowpartner is the official website for Finmax affiliate program. But when we loged into our dashboard, we did not see link to 247binarytrade.
Is 247binarytrade (P24O Ltd) Legit?
The actual truth about the broker is that they have bad history. There’s serious warning against the financial service provider Prime24Options (P24O LTD. As you can see that Prime24Options (P24O LTD is the father of 247binarytrade. Both have a questionable license number and false regulatory compliance. What we are saing is that this broker is not reliable enough to invest with. Since we couldn’t find out the exact connection between 247binarytrade and Finmax broker. We cannot say that they have connection with each other. Thus, it might be a link redirect from 247 binary trade to wowpartner.
Trading Platform
247 binary trade looks like a good trading platform and transparent business oriented broker. However we have to try this platform to say more about the broker. Good, there’s no demo account and the one we opened they said we must have money to see or access the platform. However with what we saw, 247binarytrade offer MetaTrader software as their platform. The MT5 platform is a dynamic and user- friendly, providing traders with a powerful range of features and tools. The broker offer mt5 on desktop and mobile devices.
Account types
The broker offer 11 different trading account types for you to choose. However since this is copy trading account, you can choose weekly or monthly. But in which ever way, all this account is bogus. Therefore all the account types is as follows:
WEEKLY PLAN
- STARTER From $ $500: The features of this account are 10% Deposit Bonus, Spreads: 1.9, Negative Balance Protection, Scalping, Daily Signals and Financial Plan
- CLASSIC From $3,500: This account have 15% Deposit Bonus, Spreads: 1.5, Negative Balance Protection, Scalping, Daily Signals and Financial Plan
- PRO From $8, 000: In this account there’s 25% Deposit Bonus, Spreads: 1.2, Negative Balance Protection, Scalping, Daily Signals, Financial Plan
- EXECUTIVE From $11,500: Here is features like 35% Deposit Bonus, Spreads: 1.2, Negative Balance Protection, Scalping, Daily Signals and Financial Plan.
- PREMIUM From $25,000: There’s a 50% Deposit Bonus, Spreads: 1.2, Negative Balance Protection, Scalping, Daily Signals and Financial Plan.
MONTHLY PLAN
- LUXURY From minimum deposit is $50, 000: The features of the account are 75% Deposit Bonus, Spreads: 1.9, Negative Balance Protection, Scalping, Daily Signals and finally Financial Plan.
- VIP From $75,000: This is a good account with big bonus. Up to 95% Deposit Bonus other features include Spreads: 1.5, Negative Balance Protection, Scalping, Daily Signals, Financial Plan
- VIP LUXURY From $150, 000: The features in this account are 120% Deposit Bonus, Spreads: 1.2, Negative Balance Protection, Scalping, Daily Signals and Financial Plan
- SILVER PLATINUM From $350,000: This account come with 145% Deposit Bonus, Spreads: 1.2, Negative Balance Protection, Scalping, Daily Signals and Financial Plan
- GOLD PLATINUM From $500,000: The features in this account is 150% Deposit Bonus, Spreads: 1.2, Negative Balance Protection, Scalping, Daily Signals and Financial Plan
- VIP GOLD PLATINUM From $750,000: Features are 185% Deposit Bonus, Spreads: 1.2, Negative Balance Protection, Scalping, Daily Signals, Financial Plan.
- GOLD LUXURY PLATINUM From $1,000,000: the features in this account are 250% Deposit Bonus, Spreads: 1.2, Negative Balance Protection, Scalping, Daily Signals and Financial Plan
Payment Methods
247 binary trade offer 4 types of deposit and withdrawal methods. This includes bitcoin, skrill, western union and moneyGram. There’s no details about the charges and duration for withdrawal. However, we know that bitcoin deposit and withdrawal doesn’t delay. Though we tried depositing via western union and moneyGram but it requires us contacting customer support. Therefore this is a long process and would be better if you deposit via bitcoin.
Is 247binarytrade Regulated?
The 247binarytrade claim that they are licensed and regulated broker. Of course, the agency they assum to have a license from denied it. Like we have said it sound as a serious warning to all trader. More-so if you check the dashboard it looks like a ponzi scheme. However P24O Ltd. Claim to be authorized and regulated by MFSA as a MiFID firm and holds a Category 3 Investment Services License (License No.:IS/56519).
But check dow the image below and see results yourself.
Customer support
247 binary trade is not 24/7 customer support broker or inestement platform. The broker offer customer service at their own wish. But the said they will get back to you within some minutes. However, till now I’m still waiting for their response. However their customer service is available i believe 24/5 on working days. You can get them via livechat, email: [email protected] or contact form.
247binarytrade Review Conclusion
Finally we will conclude our 247binarytrade review by telling you to avoid them. We have done some research and we are not certified with them. 247binarytrade is not legit, However they are just like Nfx.ae broker that claim a lot but does nothing. If you are looking for were to invest your money. Go for Raceoption, it’s a good copy trading broker with bonus. They offer copy trading for those who wouldn’t like to do the trade themselves. Therefore if you want to make trade yourself, then complete your registration and start trading, more-so, Get good forex signals
