Any Feedback or Personal Experience with 24Option or DailyTradeOption?

Hello Everyone!

I’m new to trading and have just started my education here. I’m from Singapore and have never been involved in trading, so here I am after reading Rober Kiyosaki’s book - ‘Rich Dad, Poor Dad’ and would like to begin my journey making my
money work for me!
I need some expert opinions or personal feedback from anyone who has heard of, tried out or used these two
brokers:

  1. 24Options
  2. DailyTradeOption

I’ve come across several traders/account managers online on Instagram and they have shown and talked about
trading for and bringing in good profits for investors.
This is trading with binary options - claims of bringing in at least 20X your investment in a week.
As I’m new to this, I thought I’d get some expert opinions and advice from anyone here who has had experience with
either of these brokers.
Also, are there normally fees involved in getting a broker to have their traders trade for you?
DailyTradeOption claims that there are no extra chargers, just to pay the trader 15-20% of profits
and a brokerage fee of 5% of profits for withdrawals.
Does that sound right?
Any help or advice on this matter would be deeply appreciated.
I’ve been scammed before and don’t want to be again!

Blessed Day ahead!

KingBitCoin

LOL… oh my god

Hi mate
i want to start by saying… I’m your friend here… ok

Jesus christ mate
ok… here we go

you said you don’t want to be scammed again ?
well… you are being scammed hehe
mate… 20x your return in a week … are you kidding… You can’t see that Scam ?

Ok, let’s put this in mathematical terms ok
I’m a successful trader (that’s a fact)
now (this is not a offer) but. Humour me for a moment… ok

Let’s say i said to you , Give me $1,000 (or deposit it into a trading account or whatever)
and i’ll trade for you
and i (hypothetically ) said , i’ll give you 20x that amount in 1 week so… $20,000 HEHE

Cmon mate… Seriously
HOW IS THIS FINANCIALLY VIABLE

even if i had 100 people doing this and i collected $100,000 , i would still have to return $2 Million Dollars in a week… right ? hehe

for this to be viable i would have to be able to ensure that i could return to myself more than 20x the invested profit IN 1 WEEK

LET ME SAY THAT AGAIN…
it would have to be…
Not 100% Return in a year
Not 100% in a week (which is just crazy) No No No
but 2,000 % in a week

NOW… THE BEST HEDGE FUND TRADERS IN THE WORLD RETURN AROUND 20% ON THEIR INVESTMENT A YEAR
a Year… ok

so… what drugs are you smoking when you think that you are actually going to get 20x the Return in a week
HEHE

Holy shit mate,
Holy shit

ok, but You’re a beginner… ok
so… the lesson here is this… COMMON SENSE… ok

if the guy said to you
put in $1,000 and he’ll return $100 I might believe that

but here’s another IDIOTS TRADE BINARY OPTIONS
that’s a well know fact

and the fact that you mention that he’s trading Binary Options
I’LL TELL YOU THIS FOR A FACT

he probably can’t trade to begin with
he’ll probably lose your money and then say sorry
or
he has no intention of giving your money, but instead, he’s baiting you so that you give him money and then he’ll give you the middle finger

this is probably his business model
and then YOU’LL BE SCAMMED AGAIN

i was literally talking to another guy on here a few days ago about a very similar thing
same thing
Binary Options
someone promised to return some ridiculous amount of money with a small outlay

*********** IT NEVER HAPPENS MATE *************** OK

if you want to stop losing money

  • forget binary options to begin with
  • Learn Forex or Learn Stocks

does it say in rich dad, poor dad that you should be stupid and not do your research ? I THINK NOT

since you like reading books
why don’t you read ANTHONY ROBBINS UNSHAKEABLE or MONEY MASTER THE GAME
which is just an extended version of Unshakeable

it will really open your eyes

but at the end of the day you could also do this

GO TO ANY ACCOUNTANT - get a free consultation for 1 hour
tell them what you said here
and watch if they don’t laugh at you hehe

they will then tell you the mathematical truth to this and how ridiculous it is

but HERE’S THE TRICK TO IT
you see
as a beginner if you are silly enough (no offense, i’m just being honest so this never happens again… ok) if you are silly enough to not see this and to fall for this…

THEY KNOW THEY CAN TELL YOU WHATEVER THEY WANT
and
THEY KNOW YOU WILL SWALLOW ANY BULLSHIT THEY SPIN
and
THEY KNOW THAT YOU ARE DESPERATE ENOUGH TO TRUST THEM

so… THEY WILL TAKE YOUR MONEY without thinking twice about it
and there is nothing you can do

because when you sign up DO YOU READ THE TERMS
No… hehe

well here is what it says

BY SIGNING THIS AGREEMENT YOU AGREE THAT WE ARE MAKING NO PROMISES OF INCOME
YOU AGREE TO HOLD US HARMLESS , YOU AGREE THAT ANY LOSS IS YOUR RESPONSIBILITY blah blah blah

so… in simple terms they are saying

  • We are going to scam you
  • and because the law is stupid, we are going to say it’s your fault
    hehe

that’s how it works mate

Hope this helps

24 Options is a bucket shop… ok
i don’t know about the other one

as for the norm with fees and things

I don’t pay any fees on withdrawals , BUT IT DOES DEPEND ON HOW YOU WITHDRAW

so if you use something like Polipay or whatever, THERE MAY BE CHARGES FROM THE PAY PROVIDOR… sure

i use a method that direct deposits into my account, so there are no fees for transfers or withdrawals

as for trading fees
well

PIP SPREADS ARE NORMAL (variable or fixed, depending on the broker) i use Variable
Commission per trade is normal (Depending on the instrument) eg… Metals generally don’tt have a commission.
indexes will genereally pay you dividends and dont’ have commissions
Currencies will generally have a commission
and all of htem generally have a SWAP fee for trading into the next day

that’s all the fees that you should have to pay
anything else is unecessary

@anon81929759

Why don’t you just give him your 48options.com company link instead. :sunglasses:

I would stay away from both :slight_smile:

What are you talking about mate
are you suggesting that i’m scamming him

Mate, be clear on this

  1. I’m not an affiliate
  2. I DO NOT SCAM PEOPLE EVER… ok
  3. i am with Pepperstone for the record, i have never been with 48 Options, i have heard a lot of bad things though
    and since we are on the subject of ■■■■ brokers, Easy Markets, that used to be called Easy forex is another bucket shop
    there’s a lot of them

but, again… I’m not trying to stuff the guy over ok
i don’t have a link to 48 Options, if i did, don’t you think i would have given it

Please do me a favour and don’t assume i’m a scammer even though the industry is full of them

1 time,… i can forgive you for the assumption, given the industry we are in
Twice, … is just being rude and disrespectful, UNLESS YOU CAN PROVE IT, Unless you can prove that I HAVE EVER ANYWHERE given a forex bullshit affiliate link to someone,
do me a favour and don’t throw accusations around… ok

thank you

I thank you, sir for your honest feedback.
At least now I know to be wary of some of these set-ups.
If you’d only make $100 in a week with trading with a capital of $1k,
wouldn’t we take forever to make a fortune???

Also, are there any decent brokers we can check out.

I’ve just started my education and have a long way to go, so I was wondering
why would you want to trade on your own when there are brokers who can do it for your…

Then again after what you’ve said and I’ve experienced with scammers, I guess it makes sense to learn
and trade on our own.

yes it would
but HERE ARE THE PROBLEMS YOU HAVE

  1. Define what A FORTUNE is ?
    because doing so will tell you HOW MUCH time it will take

  2. you are not supposed to look at it like $100 a week
    you are supposed to look at it like 1% a week or 5% a week or 0.01% a week

you see if it’s 1% a week and you have $1,000 in your account
you’ll have $10 at the end of the week

if you have $1,000,000
you’ll have $10,000 at the end of the week

if you look at it like
DOES IT TAKE FOREVER TO MAKE A FORTUNE… No it doesn’t
it usually takes 1 - 3 years from the time that you learn how to trade correctly

NO i was being sarcastic…

Fair enough
but, on a forum it’s hard to tell

TRUE, it is hard to be serious with some of these questions lol

But i learn’t stuff of here so just giving what i can back.

Fair enough, and in fairness to you

  1. this is text and sometimes it’s hard to detect sarcasm
  2. on top of that i’ve had this guy who was being an idiot for no reason, so my defences were up there, and then your comment came along
    so Naturally given this industry and the way it is
    the way i took it was… You were assuming i was a scammer or an affiliate

see how it came across
but… no problem, all good now