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FinancePro24 Review: Financepro24.com Dull Forex Scam

FinancePro24 Review: Financepro24.com Dull Forex Scam

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FinancePro24 (Financepro24.com) is claiming to offer modern investment advice for better choices. Finance Pro 24 is offering wealth management services as well as smart portfolio. FinancePro 24 is professing to have a platform with many ways to invest within their one of a kind website. We have heard such kinds of promises before; they usually end up with members being swindled. Read this genuine FINANCEPRO24 Review and get more details.

FinancePro24 Review

FinancePro24 Review

What got our attention with this platform is their mother company. FinancePro24 is claiming to be owned by Elit Property Vision LTD. The mentioned company has been affiliated with other notable scams such as CryptoFG and DachFin. These are notable scams which have been targeting unsuspecting investors all over the world. With European investors being their main target, we hope to inform investors on what to expect. FinancePro24 is a crude platform which will do anything to try and get you signed up.

Looking at their website, we can easily see why most investors would fall for this platform. These scam artists have ensured they use a user-friendly website to catch the eyes of investors. Don’t be fooled by the website, this is another cloned website using information from a real website. Scam artists normally steal information from notable platforms and use it as their own. Aside from that, we do have some compelling reasons as to why FinancePro24 is a scam.

About FinancePro24

After we landed on the company profile page, we couldn’t help but notice lack of company history. You would expect the company’s page to have information regarding their background. Aside from that, we don’t have names of people who are running the day to day activities of the platform. It would be better if members had the actual names of founding and staff members. The least they should have given members is social media handles of staff members. Why did they fail to mention their real names?

Anonymity is key to any online scam; it helps them stay completely underground. Victims never get to know the faces of people who take their money. By opening a trading website investors sign up and deposit without a second thought. And this mistake ends up costing them their hard earned money. In extreme cases, they get their bank accounts swiped clean after giving out their credit card details. To know more about the tricks used by these scam artists, continue reading this full expose.

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Is FinancePro24 licensed or registered?

The answer is No. FinancePro24 is not licensed or regulated by any regulatory body. Since the platform claims to be from the UK, we contacted the authorities who regulate Forex entities. The Financial Conduct Authority register does not have any platform license under this name. And this is proof we are dealing with an anonymous and unlicensed platform. We also noticed that their website does not have any information regarding license and registration number. What kind of a trading platform does not show visitors their full license details?

A closer look at the domain register whois.net reveals another shocking detail. FinancePro24 is a recently created website. Records show that the website was created on 22nd October 2019. What this means is that they are just a few months old. Claims of being in the industry for long are false. Beware of online scam artists as they will try and sell their reputation to anyone willing to listen. Stay away from such illicit platforms and go for credible and dependable brokers with a strong reputation.

Features of FinancePro24

Account Details

FinancePro24 Account Types

FinancePro24 is furnishing users with an ECN Account. You can get leverage of up to 1:50 and hedging. One of the biggest challenges we noticed with the accounts is lack of proper information. No one knows the acceptable minimum deposit required to open an account. The spread details also miss from their account type page. You would expect a real trading platform to give full details of the accounts they offer. Lack of proper details leaves more questions unanswered.

Account Funding

There are two main types of account funding with Finance Pro 24. You can use credit/debit card or wire transfer. The deposit fees are high in regards to credit/Deposit as they charge you 2 percent of your deposit. What remains to be a huge challenge is withdrawing funds. The policy is not clear on the processing time. They claim three to five working days but no member has come out with proof of ever withdrawing funds. Without withdrawing funds, this remains to be another online scam.

Disadvantages/ Problems of FinancePro24

Contact and Support

With the platform claiming to be fully advanced, why fail to give users a convenient communication channel? You would expect the platform to have live chat support for easier communication. Instead, the platform prefers the use of emails and phone numbers. The problem with emails is that they take long before getting any response. And the telephone contact given never work. We know for sure scam artists will never give out their true contact details.

No Demo Account

The platform lacks a vital feature in the form of a demo account. Smart investors know why demo accounts are vital. They help give a clear indication of what to expect with a certain platform. You get to know the advanced tools available as well as speed of execution. Without a demo account, members are signing up blindly. It is best you start out with a demo account before committing to a real account. That’s what a smart investor would do before risking funds with an unknown and untested platform.

Trading Platform

FinancePro24 Trading Platform

Another disturbing feature with FinancePro24 is using a web based trading platform. The problem with web based trading platform is that they are never fully tested. With Finance Pro 24, the platform is lacking in a few essential features. When it comes to security of the platform, certain vital components are missing. Lack of DDoS and SSL encryption is proof the platform is in tatters. Hackers can easily take over leaving the entire platform unstable. Using such a platform open you up to third party attacks.

Safety of funds with FinancePro24

When it comes to how funds are safe, Finance Pro 24 is not to be trusted. With complaints already reaching authorities, we are sure the platform will shut down. Segregation of accounts is another huge issue which means they are pooling funds in one account. Whoever signs up is depositing funds to a personal bank account belonging to the scam artist. Never sign up with an anonymous and unregulated platform. Stay away from this bogus platform and look for more verifiable ways to make money.

Scam or legit

Evidence clearly points to this platform being a total rip off. Users are being harassed with calls from so called account agents. These agents are not actual professionals but hired call agents. You should stay away from this website as it is likely to be another pyramid scheme. FinancePro24 is a scam which must be exposed for all to see. The evidence is overwhelming and no one should bother signing up with their affiliate programs. Never pick calls from these so-called account agents; they will want to get your personal details.

Bottom line

To protect our readers, we have to blacklist FinancePro24 as a total scam. Stay away from it and never sign up with their affiliate programs. Warn your family and friends from joining any of their affiliate programs. The best way is to avoid interacting with the website. A smart investor will make sure to use recommended products trusted by the trading community. Stay away from scams or else risk losing your entire deposits.

Wishing all investors a happy and prosperous trading experience.

 

 

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