24FinTime Review: a Forex Scam to Keep Off!

24FinTime Review: a Forex Scam to Keep Off!

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24FinTime is a company that claims they have one objective, which is to provide a safe trading opportunity for their clients. Your trading activity will become meaningful and successful. It does not matter what level of experience that you have.

Unfortunately, this entity is not trustworthy, and their deal is too good to be true. They are selling the complete range of trading instruments to investors. We advise investors to stay away to avoid losing funds. Their trading accounts vary depending on your needs.

The suspicious venture allegedly claims that its main focus is to increase the number of their clients in the financial market by offering better services. The entity state that they are an awarding firm in the world. Unfortunately, this claim is not verified, and with the kind of characteristics with this platform, we highly doubt their legitimacy.

24FinTime brags that trading activities are executed at a very high speed. Their servers are based in the USA and Europe; hence trade is completed at an approximate of 0.001 seconds. The scam boasts that their clients will enjoy low spreads and commissions in the industry. They guarantee investors that funds are protected, and high security is the primary goal of the entity.

24FinTime Review, Platform

Unfortunately, you should not take this venture seriously. Its main goal is to steal from innocent, naive investors who lack basic knowledge of how the market works. The promises the firm makes will not be fulfilled. They lack transparency, and their mode of operation is illegal.

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24FinTime claims that they are trading CFDs, Stocks, Currency Pairs, commodities, and precious metals. Moreover, the company is offering a WebTrader, MT4 platform, and mobile and tablet trading apps. Sadly, the entity does not disclose their team or owner.

Therefore, we do not know the people that are handling investors’ money. Their website has generic info that does not show the trading conditions that investors are exposed to or display the trading results of the company. We have multiple unresolved questions, and that the reason we are not recommending this firm to traders.

The company provides two trading accounts types; the basic and the advanced option. They claim that their clients are those that are looking to attaining competitive spreads. They are also looking out for any investor who is in search of affordable price plans. 24FinTime claims their clients will get tight feed and fast trade execution after joining them.

Invest with legit Forex trading software that will help you trade automatically in various market conditions. Moreover, you do not have to worry about losing funds or being unprofessionally treatment. You will get real-time profits with your security coming fast. Invest wisely!

24FinTime markets itself as the best venture in the market and is not valid. They thrive at presenting false information to win over clients. However, their website is professionally built, something that can lure naive investors into believing their narrative. Nonetheless, there is more than what meets the eye.

Spread and Leverage

The company does not indicate enough information regarding the spread. They only state that you will get tight spread by investing with them. However, in their demo account, the EURUSD currency pair is offering 1.8 pips. The amount is not appealing, and better platforms are delivering better outcomes than this firm.

24FinTime is offering very high leverage to investors of 1:2000. We do not recommend such ventures to traders unless you have an increased risk appetite. The reason being the losses can be equivalent to the gains, and you might end up losing your money in a span of seconds, especially when dealing with an untrustworthy platform.

Furthermore, regulatory bodies restrict the leverage level as low as 1:50 because they know the recuperation with high leverages. They are trying to protect investors hence engage only with the licensed ventures in the market.

Withdrawal and Deposit

The method of payment that 24FinTime accepts is VISA, Wire Transfer, MasterCard, Maestro, WireTransfer, and Piastrix. The minimum amount that you can cash in this venture is $250. The withdrawal requests take two up to 5 business days to be handled.

We advise investors to deposit funds using MasterCard or Visa because they can issue a change back from up to 540 days. The strategy is meant to stop fraudsters from stealing funds from the innocent trader. However, we tried signing up, and the only method of funding your account is that of Paytrio.

The company is charging a fee of 10% for account inactive for a period of 6 months. They will require additional information when you want to withdraw money from their platform. 24FinTime is after serving their own greedy needs. You should not give them any money because you won’t make any profits.

Contact Details

The company provides two telephone numbers on their website. The entity is based as an area that is common and attractive for the majority of the scam. Their location is at St Vincent and Grenadines. However, the entity does not disclose their actual office address.

It will be hard to track them down once their system collapse. The company also features an email address that you can use to contact them. Customer support or the salesperson will convince you to deposit more money or subscribe to the most expensive trading account.

Once you heed to their demands, they will cut all communication. You won’t recover your money, and you will get low Support services. It is best to invest in a company that you know the quality of services you can expect. 24FinTime does not have Custer feedback; therefore, it is hard to tell what you are signing up for.

Regulation and Registration

24FinTime is a company that is running against the law. The venture is not safe to trade with or worth any investor’s trust. First of all, this entity is anonymous, and we are not aware of the people behind the entity. We would advise clients to trust the licensed entity as they will be in the market longer and are reliable.

The entity is an offshore company that might disappear from the market whenever they please. They do not have a registration document or a regulatory form that can prove their legitimacy. They are offering their services across the world without meeting the set guideline. Investors need to be very careful when dealing with such entities.

Unregulated ventures will lure you with all sorts of good stuff. You will end up making the greatest mistake of your life if you fall for their fantasy. 24FinTime does not safeguard investors’ funds in separate bank accounts. Therefore, once you deposit money on their platform, the chances of getting the money back are very slim.

Final Verdict

You are not going to generate any income from 24FinTime. The scammers are going to milk you dry and disappear from the face of the earth. The company is an illegal venture that is only after investors’ funds. You will only see you’re earning in the dashboard, but they will not process your withdraw request.

Invest with legit Forex trading EA in the market. You will earn a decent income, and you won’t suffer from engaging with fraudsters. The companies have all the requirement that the authority subject to Investment ventures. You have nothing to worry about.

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