24Markets Review – Is 24Markets legit or a scam?

Do you intend to use 24Markets Broker for trading? Before depositing with a new broker, you must conduct due diligence. Read our 24Markets Review to find out why we think this broker could be a fraud. Relevant data from reliable sources forms the base of the 24Markets review.

24Markets presents itself as a reputable online trading platform that offers a wide range of financial instruments such as forex, stocks, commodities, and cryptocurrencies. It also claims to be a brand operated by a company regulated by the FSCA of South Africa, which provides clients with transparency and a secure environment. With promises of large returns and cutting-edge technology, it entices naive traders trying to capitalize on market trends. Above all, it is critical to understand that no major financial authority regulates it; the Comisión Nacional del Mercado de Valores (CNMV) and the Commissione Nazionale per le Società e la Borsa (CONSOB) have issued warnings about this brokerage firm and advised investors and traders to avoid it.

Broker Website – https://24markets.com/

Headquarters or Area of Operation – Spaces, 9th floor, Atrium on 5th building,5th street, Sandton,2196 South Africa

WarningsComisión Nacional del Mercado de Valores (Spain), Commissione Nazionale per le Società e la Borsa (Italy)

When was the 24Markets website domain set up?

  1. Domain Name: 24markets.com
  2. Registry Domain ID: 1852081495_DOMAIN_COM-VRSN
  3. Registrar WHOIS Server: whois.godaddy.com
  4. Registrar URL: https://www.godaddy.com
  5. Updated Date: 2024-04-15T05:12:12Z
  6. Creation Date: 2014-03-26T13:04:13Z
  7. Registrar Registration Expiration Date: 2034-03-26T13:04:13Z

Scammers use attractive discounts and offers to draw in their victims, which has the potential to put them in debt. We’ll be sharing with our readers in this 24Markets review a few key features you should consider before creating an account with a broker. Please analyze the 24Markets review below to see if it is a reliable broker or a fraud.

24Markets Review: Concerns

It is more difficult to identify investment frauds, including those using cryptocurrency, binary options, forex, and romance. Still, there are indications. These are a few warning signs of possible scam brokers.

Lack of Regulation

Mostly, unregulated brokers offer investment opportunities that look and sound very attractive, with the highest potential gains. Sometimes, they share fake information about the regulation, but true information is consistently available through the regulator’s sites, so analyze it cautiously.

It means a lot to give more profundity concerning where and how the broker is regulated, where they reside, and who owns the business. Many brokers have more than one authority to supervise them, but some brokers do not have any. You should avoid such brokers, as they are a threat to your money.

Check out more unregulated and untrustworthy scam brokers in our Scam Broker 2024 list.

Lack of Transparency

The lack of transparency is also a concerning issue. Scam brokers often operate in a shroud of secrecy, withholding critical information from their customers. They conceal the identities of their owners, making it challenging to hold anyone accountable for their actions. Hidden fees, undisclosed charges, and complicated terms further contribute to the lack of transparency, placing investors at a disadvantage and increasing the risk of financial loss.

Deposit and Withdrawal Issues

Scam brokers convince customers that because of some technical problem they can’t access their accounts. They might utilize the accompanying strategies:

  • Will charge high withdrawal expenses.
  • Will forcefully encourage investors to make additional trades.
  • Stop communication.

If your broker is doing any of these things and not allowing fund withdrawal, contact us today.

How to avoid getting scammed?

Avoiding scams is an important skill in financial world. Here are some tips to help you avoid getting scammed:

  • Look at the broker’s experience and regulation status.
  • Check whether the broker is included on the scam broker list of major regulators like FCA, FMA, ASIC, SEC, etc.
  • Before engaging in any financial transaction or investment, thoroughly research the individuals, companies, or platforms involved! Read 24Markets reviews and other broker reviews to get better information about brokers.
  • Ensure the broker has contact details like email, telephone contact, address, etc.
  • Try not to trust commitments of heavenly returns.
  • Be cautious when sharing personal information, especially online.
  • If you are unsure about an investment opportunity, financial transaction, or suspicious activity, consult with professionals.

Remember, scammers are constantly evolving their methods, so it’s essential to stay vigilant and exercise caution when dealing with unfamiliar people, websites, or offers.

Scam victims of 24Markets scam can quickly file a complaint here!

24Markets Review: Conclusion

Sometimes scammers are increasingly using legitimate firms’ details to add an air of legitimacy to their scams. The fraudsters will ‘borrow’ some information from a legitimate firm for fraud. They may quote authorization numbers/company registration numbers and links to seemingly legitimate websites and even provide the real address of an authorized/ legitimate firm.

Consumers are advised to check our list of scam broker 2024 to verify company details and to call the firm back directly using its advertised phone number. Always access the register from our website, rather than through links in emails or on a company/ person’s website.

To sum up, all that has been said above in this 24Markets review, we give you the power to decide whether the broker is a scam or not. We request the readers move forward with extreme caution. 

Scam Victims Help specialists research the brokers and find if they are involved in scams. We researched a lot about brokers to assist customers in taking the right decision.

Victims of 24Markets scam or other scams like forex scamscryptocurrency scams, binary scams, pet scams, and dating/romance scams should raise their voices and get their funds recovered. This will not only help them but all the victims who are struggling to get their deposits back. Apart from this, it will also help other people to be alert to such scammers and scams.

File a complaint against fraud right now and get instant help from our team in fund recovery!

Get help in forex scam recovery, crypto scam recovery, binary scam recovery, and romance scam recovery, and also get a free consultation.

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Note: The 24Markets review mentioned above is influenced by the existing web reviews of 24Markets . It is important to clarify that we cannot be held responsible for any legal actions initiated by the 24Markets company. For any inquiries or concerns, please reach out to us via email at admin@scamvictimshelp.com.