It's a CONFIRMED scam broker/company, recover your stolen funds by filling out the form below and you will get a FREE Mychargeback consultation today:
247 ProTrade (247protrade.com) presents what the industry refers to as an exit scam. The platform will likely shut down in the middle of your trading. Hundreds of investors cause worry, and withdrawal is not a possibility. 247ProTrade blocks withdrawal attempts from investors. And this is what prompted us to investigate the 247 Pro Trade trading platform. Please find out more in our eye-opening 247 PROTRADE REVIEW.
Note: You should trade cryptocurrency with the best investment strategies. These strategies enjoy the backing of experts and the crypto trading community. Try out coin staking, DeFi, and Masternoding.
On the about us page, 247 ProTrade claims to have been around for over a decade. These are false statements as the platform has no way of proving it. We also did a thorough check with domain checker tools.
The website is 329 days old as we publish this post from the look of things. And this tells us a lot regarding the platform’s background and history. Despite trying to appear reputable, the platform is a newbie in the industry.
And thus, the half-baked trading services are available on the platform. Even the dark-themed website shows a lack of professional courtesy. The trading world was always against such websites. Navigation on such websites is a daunting task.
The platform also claims to have several offices under its wing. There’s no clear information on where the platform resides. In most cases, such platforms claim to reside in the UK. These are false claims meant to drive sign-ups from the European Union.
Despite their claims of offering a secure platform, that’s not the case. DDoS protection is unavailable, as well as SSL encryption. It makes it easier for hackers to take over your account while depositing funds.
👉 Are you looking for a Forex Robot that offers realistic returns even when the markets are volatile or down? Golden Pickaxe is the BEST Forex robot using low risk and EARNING a whopping 47.93% monthly profit margin. You get a robot offering the best in terms of safety and guaranteed profits no matter the risks. A gold-driven EA robot, the robot was created and developed over ten years. It has the pedigree to offer gold traders a profitable all-year-long profit regardless of market conditions. We have tested the platform, and it has seen remarkable profit margins for the past 15 months. The well-known trader developer (Valeriia), put the robot out there for any trader to confirm its realistic profitability. And the robot was tested and seen to be even better than what we thought was the best, Waka Waka. Golden Pickaxe is now one of the best-proven forex robots that offer profitable outcomes, and all data are third-party verified independently via Myfxbook. The balance volume for Golden Pickaxe is there for anyone to see. And that means you get a transparent Forex robot guaranteeing results. Even when facing drawbacks of 37.47%, the robot balances the profits. With an automated trading robot, you can receive near-perfect signals for trading gold. And that’s what every trader needs when investing in Gold. So what are you waiting for? We have tested the robot and Guarantee it’s a perfect match for you. Start earning realistic profit margins from forex trading with a LOW-RISK thanks to Golden Pickaxe. We have been using it even when the gold market was risky. Thanks to this automated forex robot, you can earn 47.93% ROI or more per month consistently. Complete beginners to Forex can start and immediately start earning a stable and reliable income with it. What's more? You don’t even have to deposit funds with your broker when using the Golden Pickaxe robot. Just register with a Broker such as IC Markets or Coinexx (for US-based traders); there’s no need to deposit your real funds with them. Instead, use the Golden Pickaxe robot to pass a funded account challenge on FTMO. No worries, it’s very easy to pass once you install the EA. Once you pass the challenge, FTMO funds your account with real live funds depending on the challenge you passed, then you can simply carry on trading with the EA on the live account and request payouts monthly whenever you want to withdraw your profits. All challenges and trading are done automatically by the Golden Pickaxe robot, so you don't have to worry. Or... if you don't like the idea of a trading challenge/evaluation, you can simply buy a cheap funded account with prop firms we recommend like FundYourFx, get instant funding of a real account, then start using the robot to trade, profit and make weekly withdrawals, very easy. If you have any questions or want help with the setup, head over to our live chat and ask for Corey Woods. Corey will help you with any issues, problems, or initial setup along the way. Here’s your chance to start trading Gold and earn with an AUTHENTIC, PROVEN, AND SAFE Forex Robot. Sign up today for a chance to get a reliable side income with GOLDEN PICKAXE. Click the button below to buy the EA, then contact me on live chat if you need any help setting up the whole thing.
Before you invest in any platform, experts recommend you research it. Try and find out what makes the platform tick. These are the basis of protecting yourself from such exit scams. But, of course, the best way is to read our reviews on crypto and forex products and services.
There are several funding methods available on the platform. These include bank and wire transfers. However, the platform will prefer crypto deposits thanks to their anonymous nature. Unfortunately, you can’t get to track down who owns a crypto wallet.
And this provides a reason for the platform to fleece investors. Once you deposit funds, the account will reflect in your trading account within 24 hours. If it’s with crypto, the balance will appear in thirty minutes.
The platform makes you believe your account is now ready for trading. Depending on your results, you can then start trading and see the balance increase or decrease. Of course, once this happens, you will want to withdraw funds if you have had a profitable outcome.
And that’s when the platform shows its true colors. You won’t get to withdraw funds as the platform gives you many excuses. One of them is that your bank account doesn’t accept their payment system.
Another excuse you might get is that you sent the wrong wallet information. These are just mere excuses meant to shift blame to members. That’s how members end up not withdrawing a penny from the platform.
247 ProTrade offers three account types, each having its own distinctive features. These include Gold, Platinum, and VIP. Here’s a closer look at each account and what it brings to the table. Take note of the deposit amount on each account.
It’s the most basic account with investors having to deposit €25,000 with the platform. The account has no maintenance fees. You also get access to a personal account manager. Members also get daily market reviews with the gold account.
You have to make a minimum deposit of €100,000 to get started with this tier. Investors get the same trading features as the gold account holder. The difference is that members don’t get withdrawal fees and enjoy a welcome bonus.
It’s the most exclusive account with investors having to deposit €250,000. You get all the available features, including a risk management team and a loyal program. The account also offers an executive account manager.
Opening an account with 247 Pro Trade seems straightforward. You have to give your personal information, which is normal. The problem with their account opening process is the verification part.
Members have to verify their accounts by sending valuable documents. The platform demands that you send a copy of your ID, bank statements, and credit card details. And wait, the platform waits for you to click the withdrawal tab to verify your account.
The platform knows that you will do anything to get your hands on the available funds. Despite this, we don’t advocate sending such vital documents. Instead, the platform should use other authentication methods such as two-tier authentication.
There are five classes of trading assets available on the platform. These include commodities, cryptocurrency, forex, indices, and stocks. You get to trade commodities such as wheat and sugar.
Cryptocurrencies are a great way of earning profit thanks to the volatile market. The platform pairs leading crypto coins with major assets. You get to trade Bitcoin, Dogecoin, Ethereum, and Litecoin.
Forex trading is a perfect way for day traders to earn profit. The platform gives investors a chance to trade major and minor pairs. Sadly, the platform does not mention these assets’ available leverage and spreads.
Indices also help day traders to irk profit from the markets. You get to trade in the world markets. These include trading in DAX, Dow Jones, NASDAQ, Nikkei, and more.
Lastly, we have the stock trading market, which happens to be one of the biggest trading activities. You get to trade stocks of leading companies from all over the world. That’s how you trade stocks.
Regulators are against platforms that offer bonuses and rewards. Such platforms will take your account for ransom. You won’t get to withdraw funds until you pay back the bonus or reward offered by the platform.
It begs why the platform would offer bonuses in the first place. The platform will usually post a huge welcome bonus to attract more sign-ups. So now you know why you should avoid a platform that offers bonuses and rewards.
There’s little information suggesting the culprits behind this platform. And this makes it an anonymous investment platform. It would be best if you avoided anonymity at all costs. There’s no way of recovering funds from an anonymous platform.
Hiring recovery agents don’t help. A recent investigation revealed that these agents are part of the bigger scam. You get an email from them claiming to have won a lawsuit against the platform.
The agents claim you must meet their legal fees to get part of the settlement. So don’t make the mistake of sending any funds. Once you do, that’s the last time you will hear from these so-called recovery agents.
Your funds are far from safe with 247 ProTrade. There’s no segregation of accounts. The platform also fails to offer insurance cover for deposits made.
247 ProTrade is not a regulated platform and fails to have any documents to prove compliance. The business entity itself doesn’t have a valid business registry. Avoid interacting with unregulated platforms.
After exposing all the red flags, we recommend against trading with 247protrade.com.
The easiest way of investing with crypto is using the best investment solutions. Try these solutions today.
Do you have anything to add? Feel free to drop a comment or email us with any questions.
Valforex.com will not be liable for any damages incurred due to the usage of any information displayed on this website. The information and trading guides found on the website constitute the authors’ opinion only. Trading Forex, Binary options and Cryptocurrencies involve high-risk and are not suitable for all investors. Online trading in general, may not be legal in your jurisdiction. It’s visitors’ responsibility to make sure these entities are legal in their jurisdiction before engaging in trading activity. All trademarks, images and logos that appear on this site are copyrights of their respective owners and have been used under the Act of Fair Use.
2 Replies to “247 ProTrade Review: A CONSOB Blacklisted Platform”
Fill out the form below to recover your lost funds from this scam company
How do I get my money back from 247protrade
Hi, Kindly contact Mychargeback here: https://www.valforex.com/go/mychargeback and they will help you file a case against 247protrade in order to recover your money.