24Tradex is a company that claims traders can exceed their limits. The only thing that you need to do is to trust this shady firm. Joining them will automatically translate to success. The platform sate that it is secure and reliable.
However, you should ask yourself what evidence does the firm avail? The platform is allegedly offering the MT4 interface. You can also trade using your preferable gadget. The company’s features are a forex calculator, an economic calendar, and a real-time chart.
Unfortunately, 24Tradex is an offshore entity that you should avoid. The entity has been accused of being fraudulent by their previous clients. Hence, you should not expect anything different. The firm is not worth investors’ benefit of the doubt.
They have four trading account that they recommend to both newbies and expert traders. Additionally, the firm is also availing educational material for their customers. The information is basic.
The platform states that it is dedicated to providing a conducive environment for traders. The venture also features absurd statics on its website. The suspicious firm claim to have over 10k clients. The company is nonetheless not popular in the industry.
24Tradex states that they have a team of professional brokers. Their aim is alleged to provide the best trading opportunity to their customers. In regards to why you should join this platform, it is because of their capable team.
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The company does not have anything else in their defense. However, they do not credit them for their great work. It shows a lacks transparency. We also doubt there is a team involved in this shady company.
24Tradex should showcase their qualification. The platform is a Ponzi scheme that does not conduct trading activities. The loopholes that surround this entity are multiple. The company claims that investors will enjoy fast trade execution.
Nonetheless, traders will only lose funds instantly. The platform does not disclose the brokers that they have partnered with. Additionally, the platform state that they have advanced trading tools.
Despite there being multiple scammers in the market, there are legit forex trading brokers focused on helping investors. They are not after your money, and they create a mutual trading environment.
24Tradex Trading Conditions
24Tradex does not disclose their trading conditions openly. They claim to have an MT4 trading platform. However, this is false information because once you download it, you will get something different.
The platform is not accepting registration. Additionally, they also do not have a demo account. The firm provides Algo trade; they are also availing a promo code to traders. It is another way to lure more victims into their doorsteps.
The currency pair of EURUSD has a leverage of 1:400 and a spread of 0.6 pips. It might look appealing to many, but it could also go both ways. The losses could be tremendous.
Withdrawal and Deposits
24Tradex is accepting funds via Skrill, credit cards, and wire transfer. The minimum amount of funds you can deposit varies depending on the method you choose to cash in. For skrill and credit, you can deposit as low as $250, and you can withdrawal any amount that you lease.
However, for wire transfer, the minimal funds to cash in are $500 and 1000 EUR. The amount that you can cash out starts from $100. 24Tradex is also charging a fee upon cashing out. The charges are high and outrageous.
For wire transfers, the firm charges a fee of $30, and credit withdrawal charges are 3.5%. The platform is also offering a trading bonus. Nonetheless, make sure that you read the terms and conditions. That is where you will know about all the requirements.
24Tradex fails to provide information regarding inactivity. You can expect anything from the scam. Refrain from trading with this Ponzi scheme as clients are unable to withdraw their money.
Customer support can be contacted via email or phone. The contact details displayed are not verifiable. Additionally, we are not certain that the company has dedicated support. We are, therefore, urging traders to avoid this firm.
The report that we are getting is that 24Tradex support is unprofessional. The only time they will be ethical is when they want more funds from you. After stealing your money, they are accused of neglecting their customers.
Traders should avoid dealing with such a platform. Trade only with the best companies in the market to avoid bad ordeal. Legit investment companies will provide traders with better customer support.
Is 24Tradex.com Licensed?
The company is operating unlawfully; hence it is not trustworthy. 24Tradex does not provide its official address. Additionally, the platform is an anonymous entity that nobody oversees its operations.
No corporate is responsible for this company. The platform insinuates it is based in the United Kingdom from the telephone number that they feature. Unfortunately, they are not in the database of the Financial Conduct Authority.
Therefore, 24Tradex is a scam that should not exist. They are offering high leverage to the investor who is against the law. The more risks you will be exposed to once you trade with the shady firm.
Once the company exits the market, you will not be compensated. Moreover, your safety is also not certain. Your safety should be a priority.
24Tradexcom Clients Feedback
24Tradex is being viewed as a Ponzi scheme by traders. The entity used to be trustworthy in the past, but they seem to have changed their ways. The company claims to be providing a user-friendly experience.
They also claim that you will not have to pay tax by engaging with them. It a red flag that should tell you the platform is not operating as per the law. The company also promises 100% returns within an unrealistic timeline.
24Tradex will call you claiming to have better deals. They will convince you to deposit more funds to avoid missing out on the opportunity. However, there is nothing like quick money. A company that suggests otherwise should be viewed as a fraudulent scheme.
Investors are warning potential traders who might be tempted to join this entity to refrain. The platform is ignorant and does not care to clear up their name. The accusation of being a scam is valid. Investors who still choose to invest with them will have themselves to blame.
Red Flags with 24Tradex
The platform has given us more reasons no to trust them. First, the platform is full anonymous hence we do not know the people responsible for their trading activities. Additionally, 24Tradex is not receiving much traffic.
According to the Alexa.com, the entity only has an engagement of 1,379,050. Additionally, the company has acquired multiple negative feedbacks from their customers. The firm is one year old, yet it does not have a performance report.
24Tradex is accepting traders from across the universe. However, the entity is operating illegitimately. The platform does not have a license from any government. The company is an untrustworthy offshore firm.
24Tradex is a scam that is capable of all sorts of negative experiences. The company does not give us much of a choice than to term it as a scam. The red flags are several; hence the best thing to do is to look for better alternatives.
Invest with legit forex trading brokers in the market. There is no conflict of interest in these entities. Additionally, you will make a reasonable amount of returns. Invest wisely!