Company Profile
Note: For some unknown reason, we cannot open 24 Trades official site (https://24trade.capital) while writing this introduction, therefore, we could only gather relevant information from the Internet to present a rough picture of this broker. Traders should be careful about this issue.
General Information & Regulation
24 Trade, a trading name of 24 Trade LTD, is allegedly a financial company registered in Saint Lucia that claims to provide its clients with five types of live trading accounts.
As this brokerage's website cannot be accessed, we were unable to obtain further details about its trading assets, leverage, spreads, trading platforms, minimum deposit, etc.
As for regulation, it has been verified that 24 Trade does not fall under any valid regulations. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 1.27/10. Please be aware of the risk.
Negative Reviews
A trader shared his terrible trading experience on the 24 Trade platform at WikiFX. He said he was scammed by this platform and was unable to withdraw. It is necessary for traders to read reviews left by some users before choosing forex brokers, in case they are defrauded by scams.
Account Types
24 Trade claims to offer five types of trading accounts - with minimum initial deposit requirements of $250, $2,500, $5,000, $10.000 and $25,000 respectively. In comparison, licensed brokers allow setting up a starter account with a minimum deposit of $100 or even less.
Customer Support
24 Trade‘s customer support can be reached by telephone: +74993411244, +44 122 445 9822, email: info@24trade.capital. However, this broker doesn’t disclose other more direct contact information like the company address that most brokers offer.
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
