24LiveTrades Review: Insulting Scam

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24LiveTrades Review: Insulting Scam

24Livetrades is a company that presents investors with an opportunity to earn profit online. The company states that it has multiple quality trading tools at the disposal of clients. Investing with them will automatically result in you being a guru in trading.

There are multiple methods that you can use to generate extra income. The world around us is changing, and online investment has become a thing. However, scammers are also making the best out of innocent traders who lack adequate knowledge in the industry.

24Livetrades is a platform that is not reliable. This entity’s website is beautifully designed, and newbies might mistake the firm for a legit venture. We shall discuss all the red flags which the company has showcased stick with us as we expose them.

Despite the market being plagued by fraudsters, there is a reliable and secure broker in the market. They accept investors from all over the world. Additionally, they are also regulated by the relevant authority, and your money is secure in their ventures.

24Livetrades brags that they earn huge profits. Unfortunately, they fail to provide trading results, and there is no existing client feedback online. Additionally, the company also claims it has a large number of clients that they are serving. Review

24Livetrades is entities that allegedly provide educational resources for their customers. They want to ensure that you have a great trading experience with all the materials you need. The firm optimizes its platform to generate more profits for traders.

It is possible to yield profit in the forex, crypto, indices, and stock market. However, you must invest wisely to avoid losing funds. The dream of getting rich quick does not exist. Stay away from any venture that suggests otherwise.

24Livetrades Review, Platform

24Livetrades claims that it is the ideal firm in the market that you require. The entity trades several assets, including crypto vs. CFDs, commodities, shares, forex, and indices. The funds which you invest with them will yield high returns.

The platform boasts that it has thousands of clients which they are already serving. Your great trading experience starts the moment you register on their platform. The suspicious venture claims that it has 100% fully automated software for trading Binary/ Forex.

Trading bots are not as secure as these scammers present them. Some risks come with them, and bots can suffer from malfunctioning. 24Livetrades states that the moment you sign up, the software will perform all the bidding for you. Investors only need internet and a good browser.

Trading Conditions

The broker is trading over 100 currencies pair, which include; GBP/USD and EUR/USD. Their trading tools will help you to set trading limits. Additionally, you can manage your risks easily. The company states that they are reliable, experienced, and professional.

Sadly, the venture is bluffing and does not have what it takes to consider itself a trustworthy entity. The company is a venture that manipulates the price of binary options. There is no way of sugarcoating this because 24Livetrades is a nasty scam.

The quotation which the company presents is misleading and bogus. Furthermore, Binary Options trading has been banned in various countries because of high risks. We recommend that you invest with a broker that offers the MT4/MT5 trading platform.

You will generate a reasonable amount of profit. Additionally, the software is genuine and loved by the majority of the traders. It has EAs and has a marketplace that can assist in boosting your trading activity. The company does not have spread or leverage for their clients.

The entity does not offer bonuses to their clients. Scammers use this tactic to lure innocent investors into their websites. However, there are requirements that you need to attain for you to cash out funds.

Withdrawal and Deposits

The minimum amount that you can deposit at 24Livetrades is $1000. The amount is beyond the market standard price. It would help if you considered that the broker has nothing unique to offer their clients. Additionally, this is not the only outrageous feature of this scam.

The firm lists multiple payment methods on their platform. However, it appears that they only accept funds via Money Gram, Bitcoin, and Western Union. One of the things that you should note is that crypto payment does not allow chargeback.

Funds are transacted at lightning speed to anonymous users. Therefore, since 24Livetrades is a shady discrete venture, they will never be traced down. The red flags that we have discussed above are enough to open your eyes.

The withdrawal requirements are very strange as you can only cash out 70% of your account’s total balance. The company state that withdrawal requests are handled instantly, and they do not charge any fees.

However, given the nature of this broker and many loopholes, we highly doubt investors will have access to their money. Additionally, the platform also is missing critical data on the policy that governs dormant accounts.

Legit forex brokers will have a policy that shows the number of funds that they charge for an account that is not active (not trading/login) for some months. The administrative charge range from $5 up to $10. However, you will find scammers charging the fee in percentage form.

Regulatory Status of 24Livetrades

The broker is collecting funds from members of the public. Furthermore, they guarantee you will gain profit within the set duration. However, the assets and services which this venture offers are very risky.

24Livetrades claims that the Isle of Man Gaming Authority licenses its operations. The information is available on their terms and conditions page. Sadly, the same body has blacklisted this venture as one of the entities that are operating illegally.

The company is offering various assets to clients and act as a casino. If you choose to gamble with your funds’ safety, the platform will help you lose it all. There are no investment services taking place on this website.

Invest with a company that has been licensed by reputable financial bodies in the market like the FCA, CySEC, NFA, among others. You will get fund safety, and in the case of insolvency, you will be compensated. Legit investment firms set aside a large number of funds that act as a guarantee to traders.

Customer Support

The customer support of this platform can be reached via email or live chat. The company brags about having a professional team that is dedicated to serving its customers. The address of this venture is 3980 Hershell Hollow Road, Renton, WA 98055.

However, this being a scam, it is almost sure that they are faking the information. The venture is anonymous and will never generate funds for their clients. The company will be out of the market anytime

Final Verdict

The company is a scam that has already received a warning from the British gaming body. If you want to make returns in the online venture, 24Livetrades is not a genuine venture. The platform is offering several services to its clients. Avoid losing funds by staying away from them.

The broker is a scam that will leave many traders high and dry. The company assures investors they will yield high returns within a set timeframe. They provide a false address, which shows this is a dangerous scam.

Invest with reliable and secure forex trading brokers that have served many clients in the past. There are better companies in the market that are transparent and regulated.

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