24StockTrade (24stocktrade.com) is a cruel Binary options broker offering insane claims and promises. 24 Stock Trade is professing to offer financial freedom to anyone who has free money. Dealing with such brokers has led to many investors losing huge sums of money after falling for this trap. Our help desk has been receiving a lot of email complaints from investors. Read this detailed and explicit 24STOCKTRADE review for more information.
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After landing on their homepage, we can see some disturbing details emerging with this website. At first glance, what looks like a real trading brokerage site is turning out to be a scam. Looking at their banner, users are welcomed with Alpha Options. Could this be a replica of a blacklisted broker named Alpha Options? Banner posted with worlds 24StockTrade looks completely out of place. Professional scam artists are known to create visually compelling websites by cloning other sites.
Another problem we faced with this broker is their empty claims and promises. Users are promised a payout every hour. Honestly, this is not possible with any Forex brokerage firm for certain reasons. Does this mean 24StockTrade only offers one minute trades? How do they offer payouts when members are complaining of withdrawal issues? Scam artists will do or say anything to make sure their products get recognition. Stay away from this broker or else face their wrath.
Who are the founding members of this brokerage firm? Did you know we are dealing with a rogue Forex platform? Why have they failed to mention actual names of people running this website? Does it mean members are depositing funds to an unknown person? Level of anonymity with this platform is overwhelming and scary. No one should sign up with a broker who is not known. After asking around, no professional broker has ever heard of this platform. Users are signing up to be scammed.
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Can we get to know the actual firm which owns this platform? What we found odd is their refusal to give actual names. It may sound odd but, we are probably dealing with offshore brokers. 24StockTrade smells of scam written all over their website. Another shocking detail with this platform is lack of proper security measures. Why does their website lack SSL Encryption? Third party attacks from hackers can be a huge problem for members using this platform.
With claims of being licensed by the FCA, we had to check their credibility. After carefully searching with the FCA, no results popped up in regards to their licensing. It means 24StockTrade is not licensed by the FCA. Even though they claim to be based in the U.K. regulatory body does not recognize them. Members are dealing with an unauthorized broker. Dealing with such brokers is highly risky since these brokers are committing a serious offense.
Why have they failed to give users copies of their registration certificates? Lack of these documents is proof we are dealing with a rogue broker. Stay away from any broker who shares same similarities. 24StockTrade is hoping no one notices their crooked ways. Sadly for them, we had to confirm their registration using the FCA. Other well-known regulatory bodies have never heard of this platform. Bodies such as ASIC, CySEC, and NSA have no broker named 24StockTrade.
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If you look closely at their website, there’s a lot of misinformation. Every time you visit their website, number of online users doesn’t change. Posted on their website is this number 393 which does not change. Does it mean 24StockTrade is having 393 members every time? Stay away from this platform. Before signing up with a broker, ensure you are satisfied with their claims and promises. 24StockTrade is using these over the moon claims to compel investors to sign up.
Another reverting issue we found out is last deposit and withdrawal number. They too remain the same and don’t change. If you log in and out, the number still remains. Deposit number posted is $4,000 and withdrawal number posted is $16,500. What these scam artists are trying to do is fool users they offer huge withdrawal margins. Take a step back and read online reviews regarding this broker. Most people are complaining for lack of withdrawal access.
Depositing funds with 24StockTrade is easy and fast. Funding options include Perfect Money, Bitcoin and others. What these scam professionals have done is make it easier to fill their pockets with your cash. After depositing funds with this broker, it’s the last you will hear from them. Stay away from this broker as they simply want you to make deposits. What a pity!
Withdrawing funds with this platform is next to impossible. With no guarantees your money is safe, users have a huge problem trying to withdraw funds. When asked why withdrawing is an issue, we have never heard any response. Stay away from this crappy broker as they are simply out to steal your hard earned cash.
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How can funds be safe from a broker who lacks SSL encryption? Simply stay away from this broker and resist from joining any of their affiliate programs. Have you asked yourself how they handle funds deposited by members? Which banking institutions do they use to store funds deposited by members? Lack of this vital information is proof we are dealing with a scam outfit. What else is wrong with 24 Stock Trade?
Did you know members are depositing funds straight to owner’s personal bank account? Another shocking issue we found is in regards to segregation of accounts. 24StockTrade is guilty of failing to insure funds deposited by members. In case of insolvency, don’t expect any compensation from this platform.
After going through evidence we gathered, we can strongly claim 24 Stock Trade is a scam. Stay away from this broker and resist from joining their bogus platform. Mark all their emails as Spam and don’t give out your address or contact information to them.
Protecting our readers is of utmost importance, adding this platform to our scam blacklist is enough. Stay clear from any broker who shares similar characteristics.
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Wishing you a safe trading experience.
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