Name of Broker – Fx24options
Website – fx24options.org
Regulated By – Blacklisted, Scam
Warning Issued By – National Securities Market Commission (Spain)
Fx24options is a broker that messes around with the data it gives. In this Fx24options review, we look at the features Fx24options offers. This review is an answer to the questions like – Is Fx24options legit and reliable? The survey cover parts of the broker’s license, withdrawal techniques, etc. Read this review to see what we need to say about the Fx24options broker.
Fx24options, based at 56 Burnley St, Richmond VIC 3121, Australia, got a warning from National Securities Market Commission for illegally offering investment services to individuals. The broker tends to fraud innocent traders by luring them with fake promises. CNMV warns the public to avoid trading with Fx24options broker.
The most important thing about FX24 is that your funds are not safe with this potential scam broker that is putting on a fake mask of being regulated and legitimate. FX24 is UNREGULATED and lies to its customers about a lot of other things. Although it claims to offer MT5 as its trading platform, in reality, FX24 offers a cheap web-based trading platform that is not compatible with a lot of new features necessary for trading. FX24 also demands a minimum deposit of 200 EUR which is a huge amount as compared to the minimum deposit demanded by the legitimate brokers. From this FX24 review, it is clear that FX24 is a potential scam. We request you to stay away from the FX24 scam.
Several new or experienced investors are trying their hands on trading without realizing if the trading platform is genuine or not. One of the major drawbacks here lies in the scam done by scam brokers, who can be any Forex Scam broker, Binary Scam broker, Cryptocurrency Scam broker, Investment Scam broker, Romance/Dating scammer, Pet scammer, or any type of scammer. These brokers have a unique yet common way of finding their victims through cold calling, creating fake websites, or pop-up advertisements.
Investors and Traders Guidelines to check Fx24options Scam
Fx24options Review – Is Fx24options Legit?
No, an anonymous site like Fx24options, which transparently looks to misdirect brokers that they are authorized and approved, is not legit. Look at our scam broker 2022 list to see more potential scam brokers.
Licensing is a significant part since we trust the directed broker somewhat to avoid anything fraudulent. Traders should check regulatory bodies like Financial Conduct Authority- FCA, Cyprus Securities and Exchange Commission – CySEC, Australian Securities and Investment Commissions ASIC, etc., before trading.
After investigating their site, it shows that they fall under no significant regulation from such authorities. That is a big alert which is enough for you to avoid this scam broker.
So Fx24options is simply one more unregulated broker that implies the traders are not secured as they will pull off your funds, and no controlling organization considers them liable.
Fx24options Review – Fund Withdrawal
When you ask your broker to withdraw your funds, they will postpone the process for a long time so that you cannot even file a chargeback any longer, and your funds may go forever. It doesn’t matter how regularly you remind them or demand in withdrawing your funds, you won’t get them back.
You can find several Fx24options complaints on the various online review sites. The low rating on several platforms makes the negatively reputation of this broker among investors. The investors have accused them of being scam brokers and state how they have been victims of the Fx24options scam and lost all their money.
Fx24options Review – Conclusion
It is not safe to trade with an unregulated broker and broker with such issues. Security of funds is an enormous issue with unregulated companies. They can undoubtedly do senseless things since they do not have to answer anyone. We can’t suggest trading with such a broker.
Compiling all the points mentioned in this review, it can be concluded that Fx24options is a potential scam broker. All Scam Reports Team is here to help you to file a complaint against Fx24options for fund recovery. All you need to do is to fill out a small Fx24options complaint form, and we will be in touch with you shortly with a free consultation.
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