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24OnlineStockTrade Review: 24onlinestocktrade.com Scam

24OnlineStockTrade Review: 24onlinestocktrade.com Scam

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24OnlineStockTrade(24onlinestocktrade.com) is a binary options broker who doubles up as a Bitcoin Mining Platform. 24 Online Stock Trade is also claiming to be an expert in the industry for over 10 years. They also go ahead and claim to offer services to over 99 percent of the world’s countries. With these claims, a majority of investors have signed up without taking a second look. And this is why we had to investigate after complaints went round. Read this 24ONLINESTOCKTRADE Review.

24OnlineStockTrade Review

About 24OnlineStockTrade

The about us page does not give visitors the relevant information on the broker’s background and history. And this is where we have a major problem with the platform. As a broker, it is important you relay all the information about your reputation. Only scam brokers choose to ignore this matter. As a result, investors end up signing up to an untested and unworthy online broker. To stay safe, it is best you choose reliable and reputable brokers with a proven track record.

24OnlineStockTrade is claiming to be an official partner to the Bitcoin Foundation. These are false claims meant to throw off unsuspecting online investors. And this is a good reason to stay away from the platform. With empty claims and promises, this smells of scam from a mile away. Thanks to our years of investing and trading, we do know how to spot a scam. It is best you stay away from the platform and use accurate brokers. They are the best way to make money when trading.

Assets on 24OnlineStockTrade Platform

The assets listed on their markets page include Binary Trade, Bonds, Commodity Markets, Forex, Indices, and Mining. Once you click on any of the listed assets, visitors are directed to a blocked page. The asset’s page does not give visitors any information regarding these scam platforms. 24OnlineStockTrade is not clear on the conditions and terms of their trading assets. No one knows the commodities or Forex pairs used on their platform.

Business Owner

Another hidden fact is the ownership details. We don’t know which company or group of people own the platform. The entire website has no information on the founding and staff members names. And this means we are dealing with an anonymous online trading website. These are scam artists who have the ability to shut down the platform at any given time. Recovering funds from an unknown entity is next to impossible. And these are the reasons why 24OnlineStockTrade is a scam brokerage firm.

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Domain Details

According to the trusted domain register whois.net, their website was recently created. The website 24onlinestocktrade.com was created on 23rd November 2019. Claims of being in the industry for over 10 years have been refuted by the domain register. Scam brokers usually claim to be in existence for a longer period of time. They do this hoping to catch the attention of investors who want a broker with a solid reputation.

License and Registration of 24OnlineStockTrade

The platform claims to be located in the United Kingdom. With this statement, it should be expected that the platform is regulated by UK authorities. The problem is none of the UK regulatory bodies seems to recognize this broker. Other regulatory bodies in the EU region also don’t have a clue of the platform’s existence. The Financial Conduct Authority is on the verge of issuing a warning regarding this platform. It is clear 24OnlineStockTrade is NOT LICENSED OR REGULATED to offer any trading services.

With no license and registration details on their homepage, it is best to stay away. Before signing up with an online investment platform, it is best to take a look at the documents. These scam brokers fail to issue a license or registration number. Without these vital documents, funds deposited are far from being safe. And this is one of the reasons why we must shy away from this illicit trading platform. These are scam brokers who have nothing else to do than steal from traders.

Limitations of 24OnlineStockTrade

Account Plans

24OnlineStockTrade Account Plans

24OnlineStockTrade is furnishing members with four account plans. The plans are listed under Mini, Silver, Gold, and Platinum. From the word go, we can clearly see the platform has an insane depository requirement. The Mini account which is the basic account goes for $2550. It is ten times the acceptable minimum deposit set by the industry. They also state a guaranteed total return of $749 for the Mini account.

Customer Support

After clicking on the customer support dashboard, it is clear they are offline. Claims of being available 24/7 are false. Scam brokers will do or say anything to try and entice investors to sign up. 24OnlineStockTrade is using the same tactics to try and get people to sign up. A platform whose support team is unavailable means only one thing. The broker does not want to mingle with their would-be victims. And this is a good reason to stay away from this horrific trading platform. These are scam artists who are ripping where they didn’t sow.

False Accolades and Awards

They claim to have won accolades for their exemplary service delivery. These awards include National Business Awards in the UK and Best Business Winner 2015. Scam brokers will use award logos on their websites to try and have an appealing look. Scam brokers will go to these lengths to steal from investors.

False Testimony

Another problem we have with 24OnlineStockTrade is the use of false testimonials. Once you scroll down their homepage, you get to see testimonials from clients. These clients are from the UK, India, and South Africa. Scam brokers will use stock images to try and make their platforms appealing. To find out they are false, no social media platform has any of their names or matching photos. These are images with the platform using enticing messages of success.

Trading Platform

24OnlineStockTrade does not list the trading terminal used on their Forex platform. And this is a grievous error as they are most likely using an unstable platform. Victims have been complaining of slow trading speeds coupled with unavailable advanced tools. The platform is using a trading platform that is far from being safe. Without proper security features, members are open to third party attacks. Hackers will easily take over the platform and steal vital data such as credit card information.

Safety of funds with 24OnlineStockTrade

24OnlineStockTrade False Claims

When it comes to how safe funds are with this platform, 24 Online Stock Trade is not in a position to safeguard funds. The platform is pooling funds in one account which is against trading regulations. Stay away from the platform as members have been depositing funds straight to owner’s personal bank account.

Scam or legit 24OnlineStockTrade

With the platform having no license and registration documents, 24 Online Stock Trade is a scam. Stay away from this platform and never use any of their affiliate programs. Mark their emails as spam and avoid making any contacts. These call agents as doubling up as account managers asking for credit card information. Stay away from the platform as it is also selling personal information. Members have been receiving spam emails from other scam products over the last couple of months.

Bottom line

Adding this platform to our scam blacklist will ensure no one else falls for this trap.

Stay safe when dealing with digital currency as this is a hotbed for scam brokers. Get approved brokers who have been tested and tried by experts.

We wish everyone a safe trading experience.

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