1 reviews | Active since Jul 2016
24 Option.com is a **** !!!
24 Option.com is a **** !!! In January this year I decided to earn extra money by trading, so I joined a trading broker called 24Option.com. This broker is based in Cyprus and the main company is in Belize. I had no experience in trading. I deposited $250 which is the minimum amount, and was allocated an account manager by the name of Enea Q, to assist me with my trading. Initially I thought this was very generous of 24 Option, to provide a personal mentor. Within the first few days, he started to put pressure on me to deposit more money so that I could move up to the Gold level, and then up to the Platinum level, and because I started making some money on forex, I decided to deposit more money. This was the beginning of my nightmare journey. He would phone the whole day, from 9.00 am to 7.00 pm, where he would give me trades to open, assuring me that I must trust him, he was there to help me to make money. When I questioned his instruction, all he would say was “trust me”. Risk management was never mentioned, just open trades until there was little or no money left in the account. This was the idea, to deposit more and more money so that when the account was bust, which is exactly what he was aiming for, 24 Option had made a killing!! Soon I had open trades that were losing money, and he would assure me that the market would change in my favour, but I had to deposit more and more money to sustain the open trades. He used very aggressive marketing, and unfortunately I was trapped between closing the trades and losing money, or believing that in the end I would make money. When I realized that my money was just disappearing before my eyes, I would close the trade on my own, and he would be very aggressive and say “Never close a trade on a minus”, he had taken complete control over my trading account! After 3 months of trading I had exhausted all my savings, yet he insisted that I must find more money to deposit. Too little too late, I realized that I had been ****med, and all he could say was “I am sorry”. To all of you out there who want to start trading, be careful which broker you join!! Stay away from 24 Option.com.
