We quickly realized that 24FB-Trade was a scam and a danger to all, just seconds after it opened its website. It is impossible that such a horrible website could be owned by a legitimate and self-respecting entity. Another very dishonest entity, this broker, has nothing to prove and was created to scam as many people as possible in a short time.
We believe that 24FB-Trade may be one of those picky brokers. We found no registration form on the website and only login access points. We didn't register, this privilege is apparently reserved for targeted users.
We had no choice but rely on the website, which we consider shallow. The site promotes spot trading, commodities, forex currency pairs, futures, indices and shares as the best assets. The firm has yet to include leverage or spread values anywhere.
We will remove a few misleading statements made by the broker. There are statements that the broker has been registered with, or at least is affiliated with, the countries of Belgium, the UK and Denmark, as well as Bermuda.
First, the claim that the broker was regulated by Bermuda Monetary Authority is the jewel in this crowning jewel. The facts are clear: 24FB-Trade is not included in the BMA’s registry of regulated entities.
Then, we have the Belgium Statement. The FSMA (Financial Services and Markets Authority) is the official regulator in Belgium. Although retail trading is technically prohibited, it is legal. The same thing happened as before: neither the broker nor its registration are valid.
The claim of Denmark is also worthless hand to mouth. The Danish Financial Supervisory Authority is the country’s own regulatory agency. 24FB-Trade, as you might expect, is not found there. We strongly doubt that the broker is legally registered locally.
The most telling sign is that 24FB Trade is actually blacklisted in Austria by the Financial Market Authority of Austria. We can close the chapter on the legal status of the firm easily after this. 24FB-Trade unregulatedand a risk for all!
You should not invest in unregulated brokers. This will ensure that you don’t fall for investment scams that will not only drain your money, but also waste your time and energy. If you are willing to invest and have the skills or desire to learn, you can choose from any of the European or UK, US or Australian brokers that we have compiled. All of these are regulated and meet industry standards. However, they are limited in their freedom by top regulators.
We could only find one thing: the website claims to have an award-winning web platform. Beyond that, however, nothing was available.
It was impossible to access it from the website. Our complete inability to locate a registration form completely blocks our access.
We don’t have any proof that there is software. We have found that nearly half of all unlicensed brokers lie to us about their trading platforms.
Except for a vague claim that PayPal is available as a payment method, credit and debit cards can be used to pay the website. We are unable to provide further information without access to the user area.
There is no minimum deposit requirement, which is a requirement for all FX brokers.
The worst thing is that there aren’t any withdrawal details and therefore no proof of withdrawals being possible. With a broker like this, withdrawals are rare and when they do occur, it’s usually to retain the user and keep him further invested.
The broker cannot be trusted if they don’t provide payment details. All your investments will be lost!
Over the past decade, scams have not changed much since their inception. It’s the same principle, only that it is presented on different websites and by a variety of agents.
The core is the same. The broker attempts to grab the client’s interest by either advertising false profit gains or directly contacting them. However, the vastness and power of the internet means that the broker eventually gives the user either an email address or a number to some forgotten source.
If the user is contacted (or falls for the ads), he or she will be taken to the website of investment fraud and pushed to invest by either sweet talking representatives of scam or the account manager, who also keeps the whole thing under control.
The ultimate goal of the scam is to get the user to invest once and then the trap is completely closed. The client has already lost money and any additional investments are a bonus for the broker. All withdrawals are not possible, even if the broker appears to be in control, it’s all part and parcel of the scheme.
Sometimes users will be able to taste a little bit of profit. This motivates them to invest more. After that one-time, most clients realize that something is not right.
If you have previously invested through them, it is a good idea to file a chargeback with your debit or credit card provider. MasterCard and VISA have a chargeback period that lasts 540 days. It’s relatively easy to get reimbursed. That’s why there are fewer scammers offering card payments.
Wire investments are a much easier way to lose your money. We can only recommend that you contact your bank as soon as you notice that the money has been lost or when you suspect you have been manipulated. This will allow you to change your password and user name for your bank account.
We now come to the most popular investment method of unlicensed brokers, crypto wallets. These are not traceable and once a payment is made, it’s over! There is no way to get your money back.
Don’t trust agencies or recovery agents promising to return your money. They will charge you a large amount for their services, but they will disappear as soon as your money is paid!
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24FB-Trade is an anonymous financial swindler. If you cannot get your money back, contact us for assistance with the recovery procedure.
The company says it takes one day to process the request, but the time necessary for the funds to appear in the bank account varies. Quite vague.
No, since 24FB-Trade broker has no regulation. Your funds are not safe with this scam brokerage.
Broker provides only a proprietary web trader for its clients, desktop and mobile.
