Yes, it is highly risky to deal with 24ForexPro because it is not regulated by any financial watchdog.
24ForexPro claims that it was founded in 2013 but its domain "24forexpro.exchange" was first registered in May 2021. This discrepancy between its claim and website's age suggests that it is not reliable.
24ForexPro presents itself as a forex broker operated by BAUER Media Group (USA) Limited. Therefore, it must be registered with the Commodity Futures Trading Commission (CFTC) and be a member of the National Futures Association (NFA). However, we checked the registration in the NFA database and didn't find any records matching this company. Put simply, 24ForexPro is not licensed in or from this jurisdiction. Furthermore, the broker doesn't disclose any other information about its regulatory status, strongly suggesting that it is a scam.
24ForexPro is a fraudulent platform without regulatory oversight. It poses significant risks of fraud and identity theft. Individuals dealing with it are likely unable to recover their funds or get compensation when it goes out of business or disappears. To avoid such disaster, investors are advised to stay away from 24ForexPro and choose a fully regulated broker instead.
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