24TradeRush Review Scam Complaint
The offshore FX broker 24TradeRush claims to provide services of forex, CFD and cryptocurrency trades. The website currently is inaccessible. Therefore, it is unclear how are the provided essential trading conditions are and how many different account types it offers. Furthermore, it claims to have licensed from CySEC a Cyprus based local financial authority. But in reality, the claim is false and the whole of the websites is cloned from another scammer. Read this full scam broker review to know about this broker named 24TradeRush.
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The data gathered on 24TradeRush suggests that the broker provides trading of FX pairs and cryptos simultaneously with the single account type on two different trading terminals. Also, the information collected shows that the leverages offered by this broker are up to 1:50 along with tighter spreads. All the gathered facts are in accordance with the trading markets of the EU and the US. But it also provides OTC cryptocurrency trading that is illegal in both the above-mentioned markets. Sadly, these claims cant not be verified.
The FX broker 24TradeRush claims to be operated by a firm called B.O. TradeFinancials and also regulated by CySEC. The Cyprus Securities and Exchange Commission denies the fact of the broker’s registration with it. Furthermore, the firm above mentioned was operating two different brands named 33options and FXTradeOptions which are out of business now for several years.
The risk of fraud is always there when traders do business with unregulated and unlicensed brokers. There is a 99% chance such misinformative brokers appear to be a scam.
Furthermore, the website of 24TradeRush is a clone of another scam broker named AceTradeOptions. The AceTradeOptions also claimed to be operated by the same company called B.O. TradeFinancials claim to be registered via CySEC. Eventually, both websites offer the same offerings. Scammers use such tactics to scam people and it is the most popular tactic used by them.
The most interesting and annoying fact about 24TradeRush is that it does not show any information on the trading environment like spreads, cost of trading, minimum deposits, and payouts. In addition to this, it refuses to provide any demo account so no one can see the live trading environment and decide. The broker claims to provide the MetaTrader platform. In reality, it has some third party nonfunctional trading platform.
Is 24TradeRush scam or legit?
All the above discussion on 24TradeRush screams aloud about the illegality, fraud, and scam associated with it. The broker offers illegal crypto-based trading in prohibited markets. It also misleads traders about its licensing and regulation. The trading conditions are not clear. All of these facts are of worry and let us decide the nature of this broker. According to our research, we found that the broker 24TradeRush is not trustworthy. It is a red flag from us and treated as a potential scam broker.