Is 24XP a Scam?
SummaryAfter a detailed research we cannot confirm that this broker is safe. We recommend you to Proceed to Safety with Trusted & Approved Binary Options Broker. Alternatively you can Skip the content and See the Conclusion.
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24XP is the new broker in town. You are not alone if you are looking forward to find out if it is actually a legitimate trading system. Read our review below to clear all your doubts.
24XP is among the trading platforms that is letting its traders trade the most profitable assets from all over the world. It is meant for both the new and experienced traders. It uses StrategiX options to provide traders with the ability of visualizing and controlling their trading strategies. The payout ratio promised is 85%. It is providing a number of trading tools to its members in order to get started with.
Is 24XP a Scam?
24XP claims to be E.U regulated so, we cannot call it a scam. However, the truth, is our team has not yet found this information to be accurate. Hence, it is recommended to choose an approved system to save your time and money.
The trading platform provided is called StrategiX. It is a unique product that combines an incomparable user interface with the complex pricing algorithm. The traders will be given the opportunity of visualizing and controlling their trading strategies.
Account Types and Bonuses
24XP is offering a bonus of $80 to the traders as they sign up. For starters, the initial deposit is $250 and you will get 20% bonus. Other accounts that you will choose from are:
- Standard: It starts from $500 and the bonus is 30%.
- Premium: It starts from $2000 and the bonus is 40%.
- Gold: It starts from $5000 and the bonus is 50%
- VIP: It starts from $20,000 and the bonus is 100%
- Infinity: It starts from $100,000 and the bonus is 100%
How to Get Started?
It is simple to get started with 24XP. It all happens in 3 steps:
Step 1: Sign up and register for the trading account
Step 2: Trade & Lock a trading strategy
Step 3: Withdraw the profits
Deposit and Withdrawal Procedures
Depositing funds is simple. You are supposed to meet the verification criteria of the company in order to complete the process. The trader is supposed to submit photo identification, proof of address and credit card. Once your information is verified, then you will provided with the following methods of deposit:
- Credit card
- Wire transfer
- Skrill E-wallet
The withdrawal requires the same verification. You can use the above options for withdrawal too. The minimum amount of withdrawal is $50. There is no fee on the first withdrawal but after that you have to pay $10 per additional transaction. It will take 3 to 5 business days to receive the funds. Some of the traders have complained that withdrawal is time taking. The fee on the withdrawals is high too, especially for the newbies.
Live chat support is provided by 24XP but it is not that efficient. They do not provide email support.
Everything about 24XP might seems to be good but we have not yet validated this information. Therefore, it would be in your best interest to trade with a regulated system that has its trading results widely available.