24Startrade Review Scam Complaint
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24Startrade is an offshore FX broker. It provides trading with FX pairs, cryptos, and CFDs. The trading instruments are in variety and ranges from crude oil, metals, stocks, indices, and more. The information gathered does not shed light on the trading conditions provided by this broker. Also, we have come across several negative feedbacks and warnings against it by the top financial authorities. In this scam broker review, readers will get all the information about the 24Startrde.
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While searching the domain 24startrade.com online we were unable to find the website. Eventually, on further digging with the Alexa portal we found some pieces of evidence of this scam broker. The name server of 24starttrade was not found. While considering the top domain they got .com it is fact of worry. While further research we found that the server location of this broker is in Johannesburg, South Africa. Also, the site was so popular that the traffic was arriving from all the countries worldwide. The stability of the website was beyond expectations for both desktop and mobile users. This shows that scammer was popular and frequently and easily visited by traders before getting duped.
In addition to the above, New Zealand’s local financial body named the Financial Markets Authority (FMA) issued warring against 24Startrade. It also mentions two new firms namely FGC situated in Vanuatu and CPL situated in Seychelles. According to FMA, both of these firms are not registered to provide any financial services to the traders in their territory. In another warning issued by France’s local financial body, these two firms are also blacklisted by them.
The very important aspect of online trading is the registration and licensing of the broker. It decides the legitimacy and security of the trader’s funds. In the case of 24Startrade, both of the aspects of regulation and security of investors fund are not at all entertained. And poses a serious risk to the investments.
Is 24Startrade scam or legit?
From the above discussion, it is clear that the broker 24Startrade is a complete scam. We want traders to neglect this broker. Also, we advise them to trade with industry regulated and well-licensed brokers which are present in the world.