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24trading -

Score

1.45 /10
Danger

24trading

United Kingdom

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

https://www.24trading.co

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Score

Regulatory Index0.00

Business Index6.56

Risk Management Index0.00

Software Index4.00

License Index0.00

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Website

Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Regulatory disclosure

Danger

PL KNF
2023-03-24
Notification of suspected criminal offence punishable under Article 178 of the Act on trading in financial instruments (engaging in activities in the field of trading in financial instruments without the required authorisation or power of attorney) Fx Point, through which entities using the name Grey Matter Enterprise Ltd provided services – (Grey Matter Enterprise Ltd), operating through the website www.fxpoint.co 24Trading, through which entities using the name Grey Matter Enterprise Ltd, provided services – (Grey Matter Enterprise Ltd), operating through the website www.24trading.co
24trading
FXPOINT

Danger

FR AMF
2021-05-17
Blacklists of unauthorized companies and websites: Forex
24trading
Investigram
MangroupFX

Broker Information

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Company Name

24trading

Company Abbreviation

24trading

Platform registered country and region

United Kingdom

Company website

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2025-01-23
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

24trading · Company summary

Note: 24trading's official website - https://www.24trading.co/ is currently inaccessible normally.

24trading Review Summary
Founded2022
Registered Country/RegionUK
RegulationNo regulation
Market Instruments/
Demo Account/
Leverage/
Spread/
Trading PlatformWebTrader
Min Deposit$3,000
Customer SupportTel: 14388068855
Email: support@24trading.co

24trading is online forex broker allegedly registered in the United Kingdom, but it was actually registered in Saint Vincent and the Grenadines. Since the brokers official website has been closed down, we could only get minimal information.

Pros and Cons

Pros Cons
NoneInaccessible website
No regulation
No MT4 or MT5
High minimum deposit
Lack of transparency

Is 24trading Legit?

No, 24trading is not regulated by the financial services regulatory authority in the UK, which means that the company lacks regulation from its registration site. Besides, its domain status shows that client transferring is prohibited. Apart from that, this company was blacklisted by Polish Financial Supervision Authority (KNF) and Autorité des Marchés Financiers (AMF). Please be aware of the risks!

No license
Domain information
Disclosure 1
Disclosure 2

Account Type

24trading appears to offer five trading accounts to satisfy its clients trading needs and goals, namely Explorer, Basic, Silver, Gold, Platinum. The minimum initial deposit for each account is absurdly high, with the most basic account, the Explorer account, requiring as high as $3,000. Another four trading accounts ask for even much more capital.

While other account features or account services are not shared.

Trading Platform

24trading uses a web-based platform, and it does not support MT4 or MT5.

Trading PlatformSupported Available Devices Suitable for
WebTrader✔PC, web/
MT4❌/Beginners
MT5❌/Experienced traders

User Reviews

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User comment

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Comments

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小Q
more than one year
24trading requires an incredibly high minimum initial deposit amount of 3000 USD, which is actually not friendly to newbies. However, now it seems that my worries are useless, because this company is already down! I guess there was little people willing to deposit a high amount of money in an unreliable company.
24trading requires an incredibly high minimum initial deposit amount of 3000 USD, which is actually not friendly to newbies. However, now it seems that my worries are useless, because this company is already down! I guess there was little people willing to deposit a high amount of money in an unreliable company.
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2023-03-20 09:57
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宗介.
more than one year
Who gives this 24 trading the courage to ask for such a high minimum deposit? I was asked to deposit $10,000 to get started? Excuse me? 24tardding, you think I would spend so much money to play with you? Tell you, I am not an *****.
Who gives this 24 trading the courage to ask for such a high minimum deposit? I was asked to deposit $10,000 to get started? Excuse me? 24tardding, you think I would spend so much money to play with you? Tell you, I am not an *****.
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2023-03-17 18:18
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