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Expert24Trade (Expert24trade.com) is a CFDs, Crypto Currency, and Forex scam platform to hit the lucrative trading world. Expert 24 Trade is another brutal broker who is scheming and stealing from unsuspecting investors. Expert24 Trade is purporting to offer a guaranteed profit margin of over 90%. Are all these claims true? Most members are crying foul after signing up with this broker. Read this honest EXPERT24TRADE review to find out more.
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After receiving email complaints from members of this platform, we knew trouble was brewing. Over thirty members are complaining poor customer services and withdrawal issues. Most of these members have not been able to withdraw funds after they trades. What is happening with their funds? Why do investors sign up with rogue platforms in the first place? These are some of the questions we will answer in this detailed review. Want to know more, continue reading our exclusive Expert24Trade review.
Investors are lured easily by the empty claims and promises used on these websites. Expert24Trade is no different as they have promised users over 90% profit every time they place trades. These are insane claims which cannot be met by a robot or professional trader. Markets are always volatile and achieving this fete is not easy. Prices change due to unforeseen reasons such as boardroom wars and political influence. Make sure to check what a broker is promising before signing up.
According to information we gathered, this broker is claiming to be based in Seychelles. What this tells us is they are offshore brokers. Offshore brokers are not worth your time and money as they are untrustworthy. These types of brokers will close shop at any given time without issuing a warning. Another perturbing issue we found with this broker is their level of anonymity. How can users deposit funds to an unknown third party? Who are the people behind this online trading platform?
No one knows the names of the founding members of this brokerage firm. Don’t you think it’s weird they haven’t mentioned the CEO or CFO of this company? And this is why we are against anyone signing up with this brokerage firm. They simply are an anonymous online entity which shouldn’t be trusted. Why have they failed to give us names of actual people running this website? These are offshore brokers who will run away with funds without warning.
Being an offshore broker, we don’t expect this broker to be duly licensed. As it turns out, we are right. To confirm our fears, we reached out to known regulatory bodies. Some of the regulatory institutions we contacted included ASIC, COSNOB, CySEC, FCA, FSA, and NFA. All of these bodies have never heard of this broker. Expert24Trade is not authorized to conduct any Forex trading services. Once you sign up with this broker, you are giving your money away to fraudsters.
To confirm their licensing status, they would have posted copies of their licensing. Why can’t we see any details regarding their licensing on their homepage? These are professional scam artists who will do or say anything to make it appear they are legit. Stay away from these brokers as their website lacks any credibility. No information regarding regulation is a huge red flag. These are scam artists are who are planning to steal funds immediately investors sign up. Now you know what to expect with this rogue broker.
Approved and established Forex brokers are what you need to reach your trading potential. With reliable and reputable brokers who have a solid trading reputation. These are highly effective and efficient brokers who have years of trading experience. Go for brokers who are genuine and transparent at all times.
What we noticed odd this broker is how accounts are funded. Depositing funds with this platform is easy and quick. Depository channels include Bitcoin, bank transfer, Neteller, Skrill, and more. These are easy to access depository channels which make it easy for scam artists to target any investor. Withdrawing funds with this broker is what makes it a scam. And this is what makes Expert24Trade a scam.
How can a broker refuse their members to withdraw funds? Recovering these funds becomes a hard nut to crack as these are offshore brokers. Tracing offshore brokers is time consuming and leads to no achievements. Trying to contact money recovery service providers is not a wise decision. These recovery agents will also require you to fund the process which is never fruitful. To stay safe, you need to steer clear of Expert24Trade and any of their affiliate programs. These are professional online scam artists.
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Expert24Trade is furnishing users with three types of accounts. These accounts are named Bronze, Silver, and Gold. What we noticed odd was the high minimum require deposit to start trading. Bronze account which is their most basic account requires users to deposit $200 to $1,000 to start trading. Industry approved and minimum set depository standard is $250. Make sure to stay away from these scam artists who ask for exuberant depository requirements.
Another problem we noticed with Expert24 Trade is having a rigged demo account. These scammers have rigged their demo account to produce fake results. Demo accounts are used to give users a feel of what to expect with their platform. A rigged demo account produces insane profit margins even when newbies are trading. Investors open a real account and deposit real funds which
How can funds be safe with a broker who is based offshore? Safety of funds is not guaranteed by an anonymous broker. Make sure to stay away from brokers who lack proper SSL encryption on their websites. Expert24Trade is using a website which lacks basic security features. Newbie hackers can easily take over this platform and steal credit card details. Where do they bank funds deposited by members? Is it possible investors are depositing funds straight to owner’s bank account?
Another unsettling issue we found with this broker is segregation of accounts. Why are they pooling funds in one account? Expert 24 Trade is merging assets in one account which is a risky venture. Another perturbing issue is lack of a proper compensation scheme. As it turns out, Expert 24 Trade is not insuring funds deposited by members. Stay away from this platform as they are breaking all industry regulations and rules.
After checking all evidence gathered, we can strongly say Expert24Trade is a certified scam. Make sure to stay away online trading platforms who share same characteristics.
Adding this broker to our blacklist will help protect our readers from falling into their traps.
Make sure to sign up with Forex trading robots which have been tested and vetted. Go for Forex trading robots with a proven track record. Ensure you use Forex trading robots which will keep you safe at all times. Time to make money is now with approved Forex trading robots.
Wishing you a successful trading experience.
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