24BTCMarkets (24btcmarkets.com) is a Forex scam broker in today’s financial market. This review is meant to ensure that you don’t fall into the trap of these scammers. Hopefully, we will convince you with our concrete facts not to sign up with 24BTCMarkets. Numerous email complaints have been sent to us regarding this fake broker. Read this detailed and honest review to find out the truth whole truth regarding 24BTC Markets.
According to the website, 24BTCMarkets is claiming to appreciate the importance of client’s dependence. What’s more, they claim to offer the best trading conditions the market has to offer. Other promises we saw include a wide range of trading tools as well as having auto charts programs. All these plus a good website would lead anyone to believe we are dealing with the real thing.
It’s not the case with 24BTC Markets. Claims that this is a convenient platform with an easy interface is nothing but lies. Evidence we have in our hands will prove otherwise. Promise of trading quickly and reliably are just empty since no we are sure they are lies. Scammers will do or say anything to ensure that you sign up with them. Read this full honest and transparent review to find out the whole truth.
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Disclaimer at the bottom of the page suggests that a company named West Media Group LTD owns this platform. This company is apparently based in Switzerland. Folks, this is nothing but a gimmick since they don’t show us the registration number. For all we know, they could be a company based in the Marshall Islands. It means that we don’t know whether 24 BTC Markets is an offshore broker.
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In any case, 24BTC Markets should be investigated by relevant authorities. We looked at the registrar of companies domain checker and this company is not registered. Also, we contacted the registrar of companies in Switzerland and they confirmed no registry of such a company. It means we are dealing with an unknown entity which is a risky venture. No one actually knows who owns this company.
When it comes to depositing money with 24 BTC Markets, it’s the only real thing. One can easily deposit money using this platform. There are various depositing platforms to use, Maestro, MasterCard, and Visa. In fact, if you are fast enough, depositing takes less than five minutes. However, we don’t Condon depositing with 24BTCMarkets and are against it. No matter how fast it is.
Withdrawing money with 24BTCMarkets becomes a huge problem. No one can claim to have withdrawn money with this platform. It is evident that we are dealing with a professional scam outfit. Excuses are what’s the problem with withdrawing with this platform. One excuse that they use is that users have not reached the required trading volume. It means that you cannot withdraw money with 24BTCMarkets, period.
As a matter of fact, we are not sure whether they have a live support team at all. One can easily see that they claim to offer 24/7 live support. This website does not have a support chat dashboard. Where do they expect us to send our queries? Email used is not reliable since response time takes days. Surely, they would have at least used a bot to try and convince us. It’s what we are afraid of.
It also means that they enjoy anonymity. This is a real red flag since fraudsters are known to hide behind sites such as 24BTCMarkets. How can we deposit our money with a platform we can’t even get fast help from? It simply makes no sense that we should sign up with this platform. No matter the situation, no one should sign up with 24BTC Markets. Furthermore, email response time took more than two weeks.
To be honest with you our dear reader, 24BTCMarkets is not in any way safe. Security of funds is not guaranteed and neither is your information. Notice that this scam site does not have SSL encryption? It means that scammers can easily take over and steal your information. Credit card information is highly sort after by hackers. Also, your personal information could be used for online identity theft. You have been warned.
Segregation of funds is not guaranteed with this platform. It means that you maybe depositing money straight into the owner’s personal account. How comes they don’t tell us who their bank is? It would have made verification easier. We are also afraid 24BTCMarkets does not offers a compensatory scheme. It means that you will not get compensated if the site goes offline. This is what we are afraid of.
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You should know that offering bonuses is illegal in Forex trading. Bonuses are strictly prohibited since they are used against members. Brokers had a nasty habit of withholding money by demanding their bonus back. This led to a lot of protest and as such, the industry banned issuance of bonuses. Any platform that uses bonuses should be banned. Why is 24BTCMarkets issuing bonuses?
24BTCMarkets offers a welcome bonus of 30% which as we said earlier is illegal. No one can guarantee that this is a genuine platform. Numerous people lost money simply because they could not withdraw their money. This practice must stop and should stop with 24BTCMarkets. It’s a matter of fact that we are dealing with a scam broker whose intention is to steal money. Stay away from signing up with this broker.
24BTCMarkets has four different accounts on offer. These accounts offer different perks and have different deposit requirements. Members can choose from Standard, Classic, Premium, and Gold account. Standard account holders must make a minimum deposit of around $500 while gold members $100,000. What’s the difference with having a gold from a standard account? There’s not any difference with these accounts.
Only visible difference we noticed is in terms of leverage and the depository money. Users also get a personal manager which we highly doubt is legitimate or an expert. Best thing to do is to stay away from this platform.
24BTCMarkets is a scam that should be avoided at all costs. Ensure that you ignore all incoming emails suggesting you join this platform. No matter what you do, never click on any link since it could be malware. Remember that their site is not SSL encrypted and as such, don’t trust their emails.
24BTCMarkets is a platform that we have blacklisted as a scam. Stay away from it to avoid any damages in terms of loss of money.
Always get and sign up with Real and Reputable Forex trading brokers. Use Forex brokers who are recognized and trusted by the trading community, it’s the only way to trade safely and with ease. We hope that you will heed our advice and use industry recommended Forex trading robots for better trading conditions.
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