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 scam
We have reviewed that 24xforex is an unregulated forex broker warned by multiple regulators, including FCA, CNMV and FSMA.
Crest finance limited is a scam
We 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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