Attention!
This brokerage company is on the Blacklist. Working with companies on the Blacklist carries high risks of losing your money. We continuously monitor the Internet in order to identify new scams aimed at defrauding traders, and categorically do not recommend working with companies on the Blacklist.
We advise traders to choose reliable and trustworthy licensed companies from among top brokers of our rating:
Summary of 24FX Trading Company
This company is unreliable! This broker has ceased to fulfill its obligations to customers and partners, and has stopped making payouts.
Trade with this broker, if:
- You are interested in trading a variety of instruments, including Forex, Commodities, Indices, and Stocks, utilizing the latest market technology.
Do not trade with this broker, if:
- You are a US trader. This broker does not allow trading for individuals based in the United States.
- Regulatory clarity is essential for you. The broker's claim of regulation by CySEC and MiFID is questionable, as there is no confirmation on the CySEC website. The lack of active regulation raises concerns about the security of your funds and fair trading practices.
- You are cautious about negative reviews and withdrawal issues. TU Reports indicate difficulties with withdrawals and potential scam tactics, which could pose risks to your trading experience and financial security.
User Satisfaction i
Share your experience
- Best
- Last
- Oldest
Contacts
We constantly monitor the Internet for the emergence of new fraudulent schemes to deceive traders. We have been collecting data about scam brokers for more than 10 years and we think we know every dishonest company in the market. Below we have collected for you the information about the scammers from the List of SCAM Brokers.
Articles that may help you
FAQs
Why has 24FX been placed on the Forex Broker Blacklist?
Possible reasons:
• multiple complaints have been filed against 24FX by traders claiming the broker failed to fulfil its obligations, including process withdrawals;
• the website of 24FX is down, not updated or operates with clear errors and some features are not available;
• 24FX has been blacklisted by the regulatory authority, and a warning has been published on the regulator’s website.
What should I do if 24FX got blacklisted and I still have money in my account?
Don’t panic right away. First, try to find out the reason why 24FX got blacklisted. The situation may be temporary. Contact Traders Union client service for details. If the situation is critical, try to withdraw money. The best way to do it in parts, so that the broker does not suspect that you want to withdraw your entire balance and close the account.
What should I do if I cannot withdraw my money from 24FX?
If your broker refuses to process withdrawals under various pretexts, your algorithm of actions is as follows:
• Get a clear response from the broker’s Support Service with reference to the clauses of the Terms of Use (User Agreement). Save your correspondence and download the transaction history from your account.
• With a full package of documents, appeal to the following organizations: the broker’s regulator or corresponding law enforcement agencies. If you make your deposit with a bank transfer, try to initiate a chargeback request.
• Share your situation on traders’ forums, add the broker to blacklists of various websites, as it will help others avoid the mistake.
Is there any chance to recover my money if 24FX is a scam?
On rare occasions, yes, for example, if the broker was a member of a compensation fund, or upon a court’s ruling.
Traders Union Recommends: Choose the Best!
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest.