We also found out that they do not rate highly in Google Trends and there is no significant data about them. As an alternative we selected the top brokers that provide a Demo account for free. Top10BinaryDemo cannot confirm that 23 Traders can offer you a demo account. There are two main divisions in the field of online trading that people divide in — they are either using binary options systems or binary options brokers in order to commence personal trading process online.
Both types of dealing with online investment are quite popular and therefore there are many available products on the market that offer such services. Unfortunately, the presence of scams and fraudulent platforms is a disturbing factor that makes people be extra cautious when it comes to choosing some specific broker or robot to deal with. In the following text you will get information on whether this new trading platform is legit or scam. Apparently, it was created and developed by traders, for traders.
The original team is a collaboration between 23 traders from around the globe, of all ages, genders and trading experience. Their alleged purpose is to create the ultimate online trading environment which will respond to the needs and preferences of all kinds of online investors.
In addition, it is stated that the whole work of the team behind this product aims to provide four main advantages to their customers and trading partners: The truth is, that all these things are really good and would be useful if they are available. However, a quick check into the official website of this broker shows that all the mentioned special features are only mentioned and promised, but not actually provided.
We are not able to say for sure whether this broker platform is scam or not, but there are some disturbing facts we were able to find. First of all, it is obvious that the online trading platform is not regulated by any authority. However, they claim to be regulated, but this is clearly a lie. In addition, 23Traders does not have any type of demo account to offer to online traders.
Finally, there is no positive feedback available on the trading platform in the Internet space. Therefore, as for now, we cannot say that 23 Traders is a scam but we are not going to recommend it to traders. They should better find a broker that is proven to be legit, authentic and profitable.
There are 6 available account types, this broker offers to traders. The bad news is that unlike the most other brokers, this one has set a really high initial deposit minimum. The more upgraded account you choose, the higher the initial deposit amount becomes.
This is described as follows:. Taking into consideration all the things we were able to find, related to this brokerage and its performance, we are definitely sure that there are many better choices people could take advantage off. The lack of regulation, the high initial deposit amount and the absence of Demo trading account are some very important things, that should be considered as disadvantages. Also, there is not a single proof, confirming the legit status of this binary options broker.
Therefore, we advise people to stay away from it and find another income-increasing partner. Conclusion After our research we concluded that 23Traders does not provide a demo account. The lack of practice account and risk free trading makes this broker unsuitable for traders who want to learn how to trade without losing their investment.
Not exactly top of the class, but pretty close. The online software and app could do with some improvement, but I have not experienced any problems making deposits or withdrawing my earnings at 23Traders. I could not even withdraw my deposit with 23 Traders. The trader instigated all my trades and i made good profits until i wanted to cease trading with them. The trader lost all my funds for me. They are thieves and liars and will steal your money.
Steer well clear of this bunch. Mail will not be published required. All Information such as Winning Ratios, Results and Testimonials are to be regarded as simulated or hypothetical. All the information on this website is not intended to produce nor guarantee future results. There's no guarantee of specific results and the results can vary.
Trading Binary Options is highly speculative, carries a level of risk and may not be suitable for all investors. You may lose some or all of your invested capital; therefore, you should not speculate with capital that you cannot afford to lose. You may need to seek 3rd party financial advice before engaging in binary option trading. Does 23 Traders Offer a Demo Account? Does Option Offer a Demo Account? Does Binomo Offer a Demo Account?
I am David Raines, a Binary Options trader with years of experience in online trading. Leave a Reply Click here to cancel reply.More...