Scam Brokers

23 Traders


  • 23Traders was an unlicensed binary options broker.

    23Traders is actually owned by Hermes Ventures Ltd. Incorporated at Financial Service Centre, Stoney Ground, Kingstown, Saint Vincent and the Grenadines.


23 Traders Scam Review

Overview of 23 Traders

23 traders give the investors the SpotOption trading platform which is normally used by several Binary Options Brokers. This software normally works faster. It has a lot of Forex pair Commodities like Oil and Gold, Stock Trading Indices and Individual Stocks. Apparently, it was developed by traders and for traders. 23 traders from all over the world of different ages, genders and experiences are a part of this complicity.

Their aim is specified to create a supreme environment of trading online all over the world. The main preferences are to be given to all kind of investors according to their need. To grow their trading, they created a department of education with a lot of videos for new traders. This made the task of trading for the beginners quite easy. They also give one on one training sessions. In addition to this, tutorials and ebook were also available for the novices of trading.

License of 23Traders

There is a lot of news about this broker platform and many disturbing facts regarding its license. The team at scam broker found that the trading platform is not regulated by any authority. However, the company claimed to be authorised and licensed but it was found to be false.

There has to be a check of the registration with the FCA(Financial Conduct Authority)in the UK. It has to be determined if they are licensed and regulated in Europe by CySEC.

From a place, Decimol Ltd., 53-55 General Edward I. Totleben Boulevard, 1606 Sofia, Bulgaria, 23 Traders is operated.

Review of Traders

23Traders presented themselves as the leading trader environment-friendly Forex broker. Because the binary options trading has been very popular which attracted a large number of brokers to serve, and of course, the advantage of making money with the wide client base. 23Traders main focus has stated to offer their customers and their trading partners big benefits like-

  • Security
  • Reliability
  • Innovation with trading tools
  • Educational support

These are the features which are mentioned. But not all of them are actually provided to the traders successfully. The big frustration for the traders is that no trading signals to the traders are offered in spite of bragging the innovative trading tools. Only the news of previous financial events is altered.

They also told to give demo account facilities which were also proved wrong when there was a check of it.

The lack of the information of trading and trading testimonials makes a bad impact and lowers its reputation further.


After so much of the negative impact, there will be more cautiousness among the traders in Binary Options Broker. As there are a lot of other online brokers and huge competitors with more secure and innovative tools which makes 23Traders unsuitable for worldwide traders.


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