24proinvestors Review: 24proinvestors.com Barred Broker
24proinvestors (24proinvestors.com) is another broker who is deemed illicit by the Italian Financial Watchdog. 24 Pro Investors is a cloned website which is openly scamming unsuspecting investors. 24Pro Investors is a broker who has been in the industry with other names. And this is one of the many reasons why we must expose this broker. They are out to hurt anyone who signs up and deposits with them. They must be exposed. Read this genuine 24PROINVESTOR Review for more details.
About 24proinvestors
The website has no information regarding their trading history. And this is a worrying trend as investors sign up with unproven trading platforms. 24proinvestors is selling their background as a reputable broker with years of trading experience. With no results to show, they expect investors to believe every word. Thanks to our experience, we do know how to look deeper. And with online investment, it is safe to have a broker who is qualified and is reputable. With such an expert by your side, safety is guaranteed.
24proinvestors is an offshore broker as their business is located in St. Vincent and the Grenadines. With offshore brokers, a lot leaves to be desired. The broker will open shop one day and shut down the next. Offshore brokers lack consistency and are known to openly block withdrawal attempts. And this is the same scenario most members of 24 pro investors are currency facing. None of the members are able to access their funds with no word from the broker.
Assets Offered by 24proinvestors
Assets available on their platform include Commodities, Currencies, Cryptocurrencies, Indices, and Stocks. The listed commodities include Brent Oil, Gold, Natural gas, Platinum, and Silver. Currency pairs available include AUD/CAD, AUD/CHF, AUD/NZD, CHF/JPY, among others. The platform has exotic, major, and minor currency pairs. 24proinvestors is also dealing with digital currency trading with Altcoins, Bitcoin, and Dash, all available. And this is the market most investors want.
Indices are also available on the platform such as FTSE, DAX, ASX 200, S&P 500, among others. The stocks listed are from leading companies such as Adidas, Amazon, Audi, among others. Leverage quoted on these stock assets starts at 1:200 which is okay. There is zero percent fees on deposits made which is expected with almost all brokerage firms. The spreads available on some of these assets is missing from their website. And this is vital information which should be made public.
Business Owner
Game Capital Ads Limited is the company which claims to own and run the website. The company is known for coming up with scam products. Almost all of their products end up on the blacklist of most regulatory companies. 24proinvestors is no different as a European investor has already mentioned the company. Offshore brokers are not to be trusted with funds which make dealing with this platform dangerous. These are anonymous owners whose identity remains hidden.
Domain Details
According to the trusted domain checker whois.net, the website is barely a year old. Records from the domain checker reveal the website was created on 24th June 2019. The members who signed up early were able to withdraw funds at the beginning. As time went by, the broker decided to block any withdrawals from new members. And this led to members complaining to regulators about the misconduct.
License and Registration of 24proinvestors
24proinvestors is NOT LICENSED OR REGISTERED to offer any trading services. The Italian Financial Watchdog CONSOB has already made this clear. A warning was recently posted in regards to the broker’s inappropriate trading conditions. With a majority of members unable to withdraw any funds, it remains unclear what happens next. And this is a good enough reason to stay away from this broker. They are blocking any attempts to contact them especially via email.
Apart from having a disclaimer and terms and conditions page, license details are missing. One expects a broker to post their license details for all to see. And this is one reason to enable members confirm the license details. Without the license details, the brokerage firm remains unregulated. And this gives leeway to the broker to act as they want, even freeze funds. 24 pro investors is a worthless online investment trading platform. Stay away from it or else risk becoming another victim.
Restrictions of 24proinvestors
Account Details
24proinvestors is professing to use four account types to anyone wishing to sign up with the platform. Most of the accounts have similar features apart from the basic account. And the problem with the basic account is it has no trading advantage. Anyone who signs up with the basic account does not get any feature that is advantageous. The spreads are also not listed which is a problem. Members are signing up without the full knowledge of what to expect with these accounts.
Account Manager
The broker calls them VIP managers but in real sense, they are hired call agents. 24 pro investors does not have the capability of hiring professional brokers. Members who sign up end up giving control of their accounts to call agents. In return, these call agents ensure members lose their funds. With more pay for them come more losses for investors.
Customer and Support
24proinvestors claims to have a unique trading platform which is available to all. Their communication channels are wanting as they don’t have live chat support. On the account’s page they claim to offer online chat services which is not the case. The entire website has no live chat support. Members use emails to communicate with the broker who at times fails to respond. And this is where everything goes haywire. The phone number listed is ever busy making it hard to contact these brokers.
Deposit and Withdrawal Options
Depository options listed include AstroPay, Maestro, MasterCard, and Visa. Scam brokers ensure they use depository channels which are available in all parts of the world. And this enables them to get more deposits from investors from different regions. The problem with 24proinvestors is no one is able to withdraw funds. Members have been facing this problem since late last year. With no withdrawing taking place, the platform ceases to become a trading platform.
Founding Team
Brokers will often claim to have an experienced team who helped create the platform. The problem with this statement is leaving no information as to who actually these people are. Investors should know who is in charge of their funds. These founding members have names and the broker should have made their names public. With the platform being a scam, real names won’t be published. And this is proof we are dealing with an anonymous trading platform.
Trading Terminal
Another shocker with this platform is claims of using MT4 trading platform. The broker uses MT4 on their website to pull in investors. Truth of the matter is they are using a custom made platform. They also profess to use xStation which is another unproven trading terminal. The broker has a trading platform that is unstable and executes trades at a slower pace. These are scam brokers who don’t care about the security of members.
Safety of funds with 24proinvestors
Safeguarding funds should be a broker’s priority, and this not the case with 24 pro investors. Their website lacks any valid security software to protect traders from third party attacks. And this means they are putting funds at risk. Hackers will easily attack the website as it has no DDoS protection or SSL encryption. Funds are also far from safe by a broker who is not available. Without proper communication, members are at a loss regarding withdrawal procedures and terms.
Scam or Legit 24proinvestors
After reviewing all the facts, it is clear 24proinvestors is a scam. With a warning from CONSOB, the broker has clearly broker trading regulations. Mark their promotional emails as spam and don’t click on them. Ensure you warn your family and friends from joining any of their affiliate programs. These are scam brokers who will do or say anything to try and get your funds.
Final Thought
By adding the broker to our scam blacklist, we will protect our readers from this scam. Stay safe when dealing with digital currency trading and use reliable tools. The best plan is to sign up with transparent brokers who have a solid track record.
Wishing all investors a safe trading experience.
