24Crypto Review: 24Crypto.net a Useless Broker

24Crypto Review
  • Regulation
  • Fund Safety
  • Customer Support
  • Client Feedbacks
  • Reliability
0.5

Summary

24Crypto is a confused investment company that is operating offshore. The broker is from St Vincent and Grenadines. As we have constantly empathized, there is no regulatory body on this island. There is nothing good that can come out of this venture.

24Crypto guarantee it does not have hidden fees for investors. They are allegedly trading forex, CFDs, commodities, indices, and cryptocurrencies. Some of the available digital currencies are BTC, ETH, LTC, XRP, Dash, etc. The company is trying hard to remain relevant in the industry.

It even purports to have an MT4 trading interface and over 200 available assets. Unfortunately, this is another waste of time. There is nothing genuine about this fraud. The registration process is swift, and within 40 seconds, you shall be able to trade.

24Crypto Review, 24Crypto Company

The Ponzi scheme is also using technology to mask their fraudulent activities. It allegedly utilizes the latest technique to yield a better outcome. We have seen several platforms that make bold promises to end up exiting the market.

24Crypto brags it has unbeatable speed that allows them to enter the market fast. Their average trading volume shall leave your mouth open. Sadly for them, we believe in statistics rather than mere words. No verified result proves the company is generating income.

Additionally, the platform is accepting funds via cryptocurrency. It raises eyebrows since the reputation of the firm is in question. Why don’t they have other methods available? The people behind the fraud are tactical. They want your money to be trapped in their system.

24Crypto.net Review

Ironically, 24Crypto states it has to lead security in the industry. They safeguard the funds of investors in cold storage. However, the venture is unregulated, which exposes its customers to severe risks. The claims of the entity should be considered null.

The broker has not enforced security measures. Hence, your personal information and funds are in danger. Nobody knows what the con artists intend to do with your resources. Nonetheless, one thing is clear that this is a useless broker.

24Crypto advertises low trading fees and tight spreads. The scheme also states it has several indicators, numerous charts, and drawing tools. There is no proof of investment products or services on this website.

A serious forex trading company will display all the necessary material on its website. The account managers and financial analysis are not credited in this platform. It leaves us wondering whether the venture is capable of generating income for traders. Volatility is something that most entities cannot withstand. Any entity that sells you the ideology of making high returns without disclosing how it will withstand the risk is mostly a scam.

Invest with legit crypto trading companies in the market. These platforms are transparent and have the best trading conditions for clients. You sleep sound knowing that your safety is taken care of, and the broker will exist when times get hard.

24Crypto Trading Conditions

The company only has a web-based platform. Their spread is wide and unprofitable to clients. You are subjected to pay more, and this is only beneficial to the platform. The legit venture offers even below 1 pip which is lucrative to traders.

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24Crypto.net Review, 24Crypto.net Conditions

The leverage is 1:100, which is risky and beyond what several regulatory bodies in the market permit. We don’t know the reason 24Crypto advertises a MetaTrader4, yet it is not available. This proves that the Ponzi scheme will do anything to get the attention of investors.

Withdrawal and Deposits

You cannot issue a chargeback with 24Crypto. You can cash in via BTC and other digital currencies. The company does not bother to leave behind sufficient information regarding the withdrawal and deposit. We don’t even know the least amount that one can deposit.

However, the entity indicates that you can deposit $5000 as the initial capital. The amount is too high. The services that the broker avails are not worth the try. We suggest you avoid doing business with them.

The scheme will only leave you high and dry. The withdrawal can be preceded via BTC wallets, credit cards, and wire transfers. The process takes 3 days. There are applicable fees, but 24Crypto does not care to disclose them.

Signing up without knowing what you are getting yourself into is unwise. Scammers tend to exploit their clients. They have hidden fees that are absurd, and all your money can be lost. For the sake of your safety, avoid this nasty scheme.

Customer Support and Contact Details

24Crypto allegedly has a support team that works 24/5. They respond to investors’ queries instantly. The company urges clients not to hesitate if they need their guidance. There is a phone number and an email address on the website.

However, we cannot validate that the platform shall respond on time. The entity purports it is operating from Estonia. There is no proof that this is their real area of origin. Scammers tend to fake their addresses for transparency purposes.

Their real location remains hidden to avoid being caught. 24Crypto is targeting clients from the European Union illegally. You should refrain from engaging with them for your sanity. Their phone number will not go through when you need them the most.

Con artists tend to block their clients when things go south. They also don’t plan on staying long in operation. Their system collapse, and the con artists disappear in thin air. The nasty scheme is not transparent. Therefore, you shouldn’t entrust your data to them.

Regulation Status of 24Crypto

24Crypto is a confused investment company that is operating offshore. The broker is from St Vincent and Grenadines. As we have constantly empathized, there is no regulatory body on this island. The area has become a hot spot for all sorts of con artists.

They conduct their dirty business in this hub without any worries. The company also states it has offices in Estonia, a member of the EU. Therefore, they are bound to deposit at least 730K EUR in their name before commencing their investment services.

Unfortunately, there is the firm does not reveal the bank it segregates the funds of investors in. All the deposits go directly to their wallet. You are not protected, and it is extremely unwise to entrust your money to this scheme.

24Crypto also claims that Seychelles courts shall oversee any dispute between clients and the company. The information is false since the broker is not in the database of SFSA. The Seychelles Financial Services Authority is the watchdog that oversees all the activities of investment schemes in the country.

The platform is a dangerous scheme that is not licensed anywhere in the world. Moreover, the entity requires customers to download AnyDesk and TeamViewer. These two software are dangerous and grant anyone easy access to your computer.

Final Verdict

24Crypto is a company unworthy of traders’ time. The company has multiple red flags that are beyond doubt enough to keep you off their website. The broker does not have a trading history. They are pushing investors to risky limits so that the platform can benefit.

The leverage is unfavorable and the spread unprofitable. Additionally, the scheme thrives on discreetness. You cannot put the fate of your money to anonymous individuals. It is best to look for a better alternative rather than waste time with the scheme.

Here are legit crypto trading companies that are the best in the market. You will generate better income if you trade with a reputable platform. There are several endorsements from their happy clients. You can also check out their history.

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