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24xforex

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Operating status: SCAM

Website: https://24xforex.com/

Broker violations and abnormal records
  • 2021-06-03 The UK regulator FCA added 24xforex into its blacklist

     The UK's Financial Conduct Authority (FCA) added 24xforex to its warning list, claiming that the company was targeting people in the UK without authorization from them: https://www.fca.org.uk/news/warnings/24xforex-paco-world-system-ltd

    The UK's Financial Conduct Authority (FCA) added 24xforex to its warning list, claiming that the company was targeting people in the UK without authorization from them: https://www.fca.org.uk/news/warnings/24xforex-paco-world-system-ltd
  • 2021-10-25 The Spanish regulator CNMV added 24xforex into the unregistered firm alert

    The Spanish National Securities Market Commission (CNMV) warned the public that the firm is not authorised to provide the investment services in the country: 

    https://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=1&nombre=24xforex

    The Spanish National Securities Market Commission (CNMV) warned the public that the firm is not authorised to provide the investment services in the country: https://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=1&nombre=24xforex
  • 2022-02-01 The Belgian regulator FSMA issued a warning on 24xforex

    The Belgian Financial Services and Markets Authority (FSMA) added 24xforex to its Fraudulent online trading platforms  and strongly advised against responding to any offers of financial services made by this broker :

    https://www.fsma.be/en/warnings/fsma-identifies-new-fraudulent-online-trading-platforms-0

    The Belgian Financial Services and Markets Authority (FSMA) added 24xforex to its Fraudulent online trading platforms and strongly advised against responding to any offers of financial services made by this broker :https://www.fsma.be/en/warnings/fsma-identifies-new-fraudulent-online-trading-platforms-0
  • 2022-03-20 BrokersView has reviewed that 24xforex is an unregulated forex broker

    BrokersView found the domain http://www.spmarket24.com is temporarily unavailable, as most probably it was suspended and it is always a bad sign when a broker's website is suspended.

    As per the information we hold, 24xforex is an unauthorized broker flagged by several regulators, including the UK's FCA, Spanish CNMV and Belgian FSMA. Therefore, 24xforex is a scam that operates without regulation and permission.

    BrokersView found the domain http://www.spmarket24.com is temporarily unavailable, as most probably it was suspended and it is always a bad sign when a broker's website is suspended.As per the information we hold, 24xforex is an unauthorized broker flagged by several regulators, including the UK's FCA, Spanish CNMV and Belgian FSMA. Therefore, 24xforex is a scam that operates without regulation and permission.
  • 2022-07-07 BrokersView has Found that 24xforex is not Working

    On 8 Jul 2022, BrokersView found the domain https://24xforex.com/ is not working, as most probably it was suspended and it is always a bad sign that broker's website is suspended.


    On 8 Jul 2022, BrokersView found the domain https://24xforex.com/ is not working, as most probably it was suspended and it is always a bad sign that broker's website is suspended.

Related Complaints

Q&A

crest finance limited llc

foosteve2
United States of America
2022-03-19
ANSWER You mentioned two brokers, namely 24xforex and Crest finance limited. We conducted an investigation into these two brokers and found:1) 24xforex is not relevant to Crest finance limited;2) Both 24xforex and Crest finance limited are scams you should stay away from.24xforex is a scamWe have reviewed that 24xforex is an unregulated forex broker warned by multiple regulators, including FCA, CNMV and FSMA.Crest finance limited is a scamWe found that Crest finance limited used to be a registered firm with the Companies House (CH). However, the company status is abnormal and and the official company status is dissolved. Moreover, CH is merely the UK's registrar of companies, not the regulator that approves licenses for brokers in the UK. The truth is that we have found no regulatory information about Crest Financial on the UK Regulator's (FCA) online registry. So Crest finance limited is not regulated by any financial regulator. That means investors' funds in this broker are unsafe and cannot be protected by any laws. Therefore, it is a complete scam.Brokersview Reminder：We strongly recommend traders stay alert when dealing with unlicensed brokers as these brokers don't abide by laws and principles of operating. This means that once suffering scams during the transactions with unregulated brokers, investors are at high risks of losing money. Because unregulated brokers will not be punished by financial regulators. In other words, investors' complaints about unregulated brokers will seldom be accepted by regulators.As for your situation, we advise you to report this scam to your local authorities or the police, and try to get help from them.
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Hi, I want to trade with this broker, is this a regulated platform?

Luke Bird
Dominican Republic
2023-03-24
ANSWER 24xforex is an uregulated broker even though it states offers that look too good to be true.As we tried to access its website through the link mentioned in your question, we found that the domain "24xforex.com" is for sale. That is a bad sign for brokers since there may be no safeguards in place to prevent fraud or theft. In addition, as per relevant information we recorded, 24xforex has been warned by various authorities, including the UK's Financial Conduct Authority (FCA), the Spanish National Securities Market Commission (CNMV), and the Belgium Financial Services and Markets Authority (FSMA). You can check these full warning in the following links:1) FCA warning2) CNMV warning3) FSMA warningRegarding your question, 24xforex is an unregulated broker. Letting this broker hold and control your funds or trading with them is very risky. We would suggest investors stay away from such unlicensed brokers as 24xforex and trade with fully regulated brokers.
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18 comments

linda
Hii i am trading this broker last year. their excutions too bad, they cheating when u trading. Beware this broker.
2024-06-11
Reply
Chan Yeen Asare Boakye
I've faced issues with 24xforex's withdrawal process. Delays and lack of communication have made accessing my funds frustrating.
2023-09-15
Reply
Max Azaladze
They have the highest spreads in the market 50-60 pips for gold , eurusd 15-20 pips This is not a true ecn broker, they are constantly manipulating prices on their platform and tend to cause artificial slippage when opening positions + artificial spread widening. executing your order at a slightly worse price.
2023-09-12
Reply
Costas Paulenco
This platform is a big scamFinally got a refund.Took more than two months atter returnrequest and atter sending countless emailsback and forth…
2023-09-05
Reply
Mikhail Saiyed
I strictly do not recommend working with 24xforex. There are too many negative reviews about the company. Moreover, they deceive their clients about regulation.
2023-09-01
Reply
Munyaradzi Mfouapon
Listen, I've played enough games – waiting for withdrawals shouldn't be one. 24xforex, the wait times are dragging the groove down.
2023-08-30
Reply
Vera Arago
What i dislike about this broker is the significant mark-up on spreads, a limited range of trading istruments and limited additional offerings
2023-08-30
Reply
Jonathan Catalanello
I joined this broker earlier in the year. The login process is woeful and takes so long. definitely my least broker to pick. Bad 24xforex!!!
2023-08-23
Reply
Lonwabo
24xforex has a great website that is great for both newbies and experts traders and that is easy to navigate. Also their customer service is top-notch. 24xforex also offers great insights concerning the markets and assets to help you make profits. The only issue I have is the time it takes for me to withdraw my money. It takes a few hours but I wish they made it possible to withdraw within minutes.
2022-08-31
Reply
fortuneA
After I signed up with 24xforex, a fellow friend commend me Pete to guide me this newbie in the crypto indusry. He is patient and professional. Pete even went a step ahead to help me do some trading whereby at the end of the first week I had made some cool profits. The withdrawal process at 24xforex.com is also very friendly hence I have all reason to tell you this is the ideal place for any crypto trader.
2022-08-31
Reply

1-10 of 18 comments

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