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24ForexPro

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Operating status: SCAM

Website: https://24forexpro.exchange/

Broker violations and abnormal records
  • 2023-09-04 BrokersView has Reviewed that 24ForexPro is an Unregulated Broker

    There is no any regulatory information on its website. The truth is that 24ForexPro is not under valid regulation by any regulators to do forex. Investors' funds in this broker are unsafe and cannot be protected by any law. 

    Therefore, 24ForexPro is a scam.

    There is no any regulatory information on its website. The truth is that 24ForexPro is not under valid regulation by any regulators to do forex. Investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, 24ForexPro is a scam.

Related Complaints

Q&A

It is risky to invest on 24ForexPro?

mariaxzc989
Liberia
2023-10-11
ANSWER 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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FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

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