Clone epidemic now is not only attacking forex brokers but also its binary options counterparts. Italian financial market regulator, CONSOB, recently released warning against FX24OPTION.com, a suspected clone of popular binary options broker, 24Option.

Clone epidemic now is not only attacking forex brokers but also its binary options counterparts. Italian financial market regulator, Commissione Nazionale per le Società e la Borsa (CONSOB), recently released warning against FX24OPTION.com, a suspected clone of popular binary options broker, 24Option.

24Option

Considering FX24OPTION website name and color scheme similarities to 24Options, the operation clearly smell of a copycat scam. Furthermore, at the bottom of the website, an unknown company by the name of BEE Trading of British Virgin Island claimed ownership over FX24OPTION website, instead of Cyprus-registered Rodeler Ltd (the owner of 24Option brand). According to Financemagnates, the company name may be a trick to make it sounds like related to Dublin-based BEE Options.

When this piece is written, the FX24OPTION website is still online with four language choices: English, Arabic, French, and Italian. Several running tickers are visible in its homepage, as well as a social trading corner lookalike.

24Option is an award-winning binary options broker who utilizes TechFinancials platform in facilitating its clients needs. It is one of the most well-known binary options brokers today with clients from all around the world. This makes 24Option cloning a serious matter to note as its existing and prospective clients may be drawn in by the clone website's similar characteristics to the original 24Options website.