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Forex24 Market

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Operating status: SCAM

Website: https://forex24market.com/

Broker violations and abnormal records
  • 2022-03-08 The UK FCA Adds Forex24 Market to Warning List

    On 9 March 2022, the UK’s financial watchdog added Forex24 Market to its warning list, saying that this firm is not authorised by it and is targeting people in the UK. You may check: https://www.fca.org.uk/news/warnings/forex24-market-ltd


    On 9 March 2022, the UK’s financial watchdog added Forex24 Market to its warning list, saying that this firm is not authorised by it and is targeting people in the UK. You may check: https://www.fca.org.uk/news/warnings/forex24-market-ltd
  • 2022-03-10 BrokersView has reviewed that Forex24 Market is an Unregulated Forex Broker

    Forex24 Market contains various false and misleading statements. Examples are attached below:

    · supporting traders from over 127 countries

    · With over $54,000,000 trading volume per month

    · With over 845,000 registered accounts

    · With over 25,000,000 trades executed per year

    According to the firm's point of view, the broker seems to be reliable and reputable with these magnificent figures and data. However, evidence tells that's totally untrue. We found the company was actually created in December 2021. So how could it reach these figures in about 3 months? Thus, there is the highest possible level of caution for you when dealing with Forex24 Market.

    Besides the fact that the company offers various confusing corporate information, there is the issue of licensing and regulation – Forex24 Market is using false licenses. If we go by the information on its home page, then the entity is showing that it is registered and regulated:

    · CySEC(EU) under license No.199/15

    · BaFin under registration No.HRB 169734B

    · FSC under license No.C116017181

    · FSA under license No.SD057

    However, searching with the fraud claimed information on the above financial regulators' page, we found no results. 

    In addition, the UK FCA added Forex24 Market to its warning list on 9 March 2022 as the firm is not authorised by it and is targeting people in the UK.

    After going through all the details and doing our own investigation on Forex24 Market, we conclude that the entity is most probably a scam. 

    Forex24 Market contains various false and misleading statements. Examples are attached below:· supporting traders from over 127 countries· With over $54,000,000 trading volume per month· With over 845,000 registered accounts· With over 25,000,000 trades executed per yearAccording to the firm's point of view, the broker seems to be reliable and reputable with these magnificent figures and data. However, evidence tells that's totally untrue. We found the company was actually created in December 2021. So how could it reach these figures in about 3 months? Thus, there is the highest possible level of caution for you when dealing with Forex24 Market.Besides the fact that the company offers various confusing corporate information, there is the issue of licensing and regulation – Forex24 Market is using false licenses. If we go by the information on its home page, then the entity is showing that it is registered and regulated:· CySEC(EU) under license No.199/15· BaFin under registration No.HRB 169734B· FSC under license No.C116017181· FSA under license No.SD057However, searching with the fraud claimed information on the above financial regulators' page, we found no results. In addition, the UK FCA added Forex24 Market to its warning list on 9 March 2022 as the firm is not authorised by it and is targeting people in the UK.After going through all the details and doing our own investigation on Forex24 Market, we conclude that the entity is most probably a scam.
  • 2022-07-07 BrokersView has found that Forex24 Market is not working

    On 7 Jul 2022, BrokersView found the domain https://forex24market.com/ is not working, as most probably it was suspended and it is always a bad sign when broker's website is suspended.

    On 7 Jul 2022, BrokersView found the domain https://forex24market.com/ is not working, as most probably it was suspended and it is always a bad sign when broker's website is suspended.

10 comments

Majed Zulzali
Worst firm ever, very poor service, many time my payments are declined for no reason, so I’m not receiving the service. My reimbursement was canceled and my account was terminated by Forex24 Market.
2023-09-15
Reply
Philip Walls
Broker have broken site. When login to client area i dont have Access to me profile becouse i have error 8. Site working slowly and very very bad. Demo acount is under construction... I dont recommend this broker... I think this good reward is from fake acount. Support dont fix anything ...
2023-09-11
Reply
MIRZA Anani
If only I knew Brokersview earlier, then I would know Forex24 is a liar
2023-08-30
Reply
Timothy Nalabothula
Taxes and handling fee of Forex24 Market are required. In the end, I was asked to pay magin cuz the amount of money is huge.
2023-08-29
Reply
Giorgos Christodoulou
Traded US$ 25,000/- as per my advisor assigned to me and lost the whole amount in less than 3 months. Complete scam, please stay away and do not expect the kind of returns they promise. If they could deliver these returns, they would not need to run around managing 3rd party portfolios, but, manage and make money for themselves.
2023-08-22
Reply
chian Zhang
Company with very tricky moves, don’t be moved by then giving you a pending withdrawal date, your money will not be given to you, only way u can get back your money is by reporting them.
2022-08-17
Reply
Daniel Georgiou
They are heart breakers, stay Forex24 Market away! I had my worst experience with them, I would be penniless now if my headline had not ensured that I got. I don't want anyone to be like me anymore.
2022-08-15
Reply
Birinder M
The server is stuck and cannot be operated.
2022-08-11
Reply
Andreas Demetriou
I found their customer service to be lacking. It took too long to get responses, and I felt like I wasn't a priority.
2022-08-08
Reply
Alexei Kelly
Goddamn scammers. They make you lose money after you feel like you've become profitable. No matter how good of a trader you are. These people manipulate the price so odds are against you. I literally lost all my account because of their latency. It literally took me a lot longer to execute trades after I doubled my account in a day. They want you to lose. Stay away from these dishonest people!!!
2022-08-03
Reply
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