In this review we explain why BlackOpt24, BlackOption and RedOption are not a legitimate trading opportunity.
What it is about
Well, this question is harder to answer than we thought. The presentation of BlackOpt24 says it is about earning money with binary options. It seems that you are supposed to copy the trades of professional traders and earn money.
Plus, you will given $25 for free to start trading. So, do you have anything to lose? We think so.
Blackoption, BlackOpt24 and RedOption are not right
We’ve been trading binary options for more than four years and we can honestly say that Blackoption, BlackOpt24 and RedOption are not about real binary options trading, that is for sure.
We tested the system, but it is a weird game, there is no real trading platform, no real quotes, just some weird buttons. It is almost exactly the same strange game as EUROUS that we have already reviewed. Which means, among other things, that you will never be allowed to withdraw the “free” $25 you will be given.
One thing is for sure, Blackoption, BlackOpt24 and RedOption are not regulated, whatever they true nature is. These platforms are anonymous.
Photos of these people can be found across the Internet with different names, so it is obvious that what you can see on the websites of these three programs are not real testimonials.
How it really works
Blackoption, BlackOpt24 and RedOption are very confusing, even as experienced traders we cannot get how these systems work. But we are sure they will not make you any money, at least not in a legal way.
Either these systems are Ponzi schemes or losing trading systems. This will be very easy to find out if they ask you for a deposit at some time. It is possible that they will let the virtual balance grow and then ask you for a deposit before withdrawing. That would be an obvious scam.
Or they are maybe just collecting personal information illegally for some other purposes. Either way Blackoption, BlackOpt24 and RedOption are not legit trading opportunities. You can already see it by the fact that the same program has three different names with three different websites.
Blackoption, BlackOpt24 and RedOption are weird unregulated games that are not about real binary options trading. This is why we recommend staying away from them!
If you want to try genuine binary options trading to see if you are able to make money in it, try a free demo account with a regulated broker.
Always trade only with brokers that are licensed to offer investment services in your country.