Trade24 Review

Is Trade24 a scam or legit broker? Read Trade24 Review

Trade24 is an offshore or unreliable broker which is not regulated by any reputed regulation authority in its region. This broker offers trading and investment services in many countries without having a license from any regulatory authority in its country like CySec, ASIC, FCA, CNMV, etc. The broker got many Complaints and negative Trade24 reviews and other possible scam features can also be the reason. Your funds may not be safe if you are trading with this broker.

 Website – trade-24.com

 Address – Tower 42, 25 Old Broad Street, EC2N 1HN; 1st Floor, 2 Woodberry Grove, Finchley, London, N12 0DR, United Kingdom

 Warned By – Not Recommended By Review Website Like Scam Helpers

According to the Trade24 website, the broker was founded in 2007 and has locations in London, Zurich, and Paris. Earlier in 2016, the website stated that Trade 24 Global Ltd., the organization behind the brand, was registered in the Marshall Islands. Shortly after, it changed the location to Belize and uploaded an IFSC license.

Trade24’s license was taken down from the website after Belize’s International Financial Services Commission (IFSC) issued a warning that it was a total forgery. Numerous reports allege that Trade24 is a shady broker and that traders are unable to withdraw their money.

We recommend you choose another broker because this one is almost certainly a scam. You should opt for brokerages that are regulated by the FCA, ASIC, FINMA, FMA, etc., as your funds will be secure there, and the relevant financial protectors constantly be on the lookout.

Possible scam activities of Trade24

Forex trading scams, Binary OPtions trading scams, Cryptocurrency trading scams and other investment trading scams are harder to spot. But there are some signs.

Here are some of the very possible reasons why we have flagged this broker as a scam broker in this Trade24 review.

• The rules and regulations, Bonus and Withdrawal policies are not legitimate and they are made for defrauding traders.
• The broker makes continuous calls to the traders and urges them to invest higher and higher amounts.
• The broker may have made a number of false claims through its website.
• The broker promises returns that are too good to be true.
• The risk warnings may not be disclosed on their webpage or would be hidden.
• The broker remains operational for some time and suddenly you are not able to contact the broker or the website seems down. The broker also changes the name and website URL without any notice to existing traders.
• The broker may be located in the countries or small islands where there is no proper regulation and registering a company is very easy. Usually, these countries are havens for scam brokers.
• This broker provides you good chances of making profits and when you decide to withdraw your money, they will state their illegitimate rules of withdrawals, and ultimately you are not able to make a withdrawal.

Negative Trade24 Reviews and Complaints

Trade24 has got many negative reviews and traders who traded with this broker have raised many complaints against it. ReportScam has investigated a lot about this broker and based on the negative reviews, complaints and other scam features, we have listed this broker in the list of scam brokers 2023.

Example of Negative Trade24 Review

After Searching internet you will find many negative Trade24 Reviews. Users have frustrations and feel cheated after trading with this broker. ReportScam does not recommend traders to trade with this broker and your funds may not be safe with this broker and Trade24 reviews are negative. Instead we recommend looking for regulated and reputed brokers who can really help in growing your investments.