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Why is 24Securities a scam?

Started by Admin, May 30, 2023, 12:26 PM

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Topic keywords [SEO] scam24Securities

Admin

This article contains the following information:
  • What is known about 24Securities;
  • Undeniable arguments that 24Securities is a scam;
  • Further indications that 24Securities is a scam;

A normal investor platform should have a user-friendly interface. A well-designed, intuitive user interface is essential for a brokerage platform. This ensures that users can easily navigate the platform, manage their portfolios, and execute trades seamlessly. There is nothing like that on the 24Securities platform. While we have seen many different platforms and it is a familiar thing to us, it is difficult to navigate on this platform in spite of the considerable expirience.
A quality investor platform should offer a variety of investment options. A comfortable trading platform should provide a wide range of trading solutions, including stocks, bonds, ETFs, mutual funds, options, futures and other securities. This allows investors to diversify their personal accounts and have access to many categories of instruments. The 24Securities platform has quite a huge number of assets, but the catch is that 24Securities scams and transactions in these assets are not real, it's all virtual, like a game. Buying stocks through the 24Securities platform you really do not acquire anything because 24Securities is not regulated and therefore not allowed to cooperate with the global markets and therefore you really do not buy anything through a brokerage company on the international market. Generally, the 24Securities platform not only has a terrible usability, but the platform is also quite ugly from an aesthetic point of view.

Now let's move on to a comparison of what 24Securities offers and a normal average office. How does a normal brokerage platform have to function? A good investment platform is an important tool for traders, giving them the chance to access the financial markets and make informed investment decisions. A good platform should have both cent and demo accounts.

In addition, a very important parameter of a good brokerage platform is a reliable security feature. The security of personal information and user funds is of paramount importance. A quality investment platform should have sufficient security features, such as two-step verification, encryption and Secure Socket Layer (SSL) technology. All this and other things with the aim of firmly protecting investors from scamming, stealing investments from an account or hacking into the trading platform itself with a massive information leak. None of the above are anywhere near on the 24Securities platform.

It's also bad enough that it affected me emotionally in a meaningful way. Not only have I lost a tangible amount due to the worthlessness of 24Securities, but the whole incident has planted in me an aftertaste of betrayal and a lasting distrust of the field of trading. I can't escape the bad thoughts of the countless hours spent settling difficulties and recovering financial losses caused by this firm's fecklessness.



The consequences of doing business with 24Securities

What happens if you or anyone else ignores all the evidence mentioned here and wants to try trading with 24Securities? Let's imagine it. Take a review of 24Securities from Reddit:
"I am leaving this review with the purpose of sharing my painful experience with 24Securities and to keep possible clients safe before they even think about handing over their hard-earned money to this company. In my many years of trading experience I have never dealt with a worse brokerage company, and it has left me with a bad taste in my mouth and a significant drop in confidence in the industry as a whole.

Initially it was obvious that the level of skill and competence at 24Securities was clearly close to zero. Their site was always unreliable, with constant technical failures and a user interface that could be labelled purely as ludicrous and confusing. This alone made the execution of transactions unpleasant, but the problems did not end there.

Comparing 24Securities to a decent firm

The following information is present in this piece of material:
  • How a good brokerage firm's site should be set up;
  • How a 24Securities site is set up;
  • Comparison of a good investor platform with what 24Securities has.

Feedback on 24Securities

What are the opinions on 24Securities talking about? Almost all about the scam and the screaming unqualification of 24Securities employees. The ratio of good to negative reviews is definitely in favour of the critical ones. The positive reviews on 24Securities are similarly not all that simple. The thing is that all the reviews are too similar and have been posted recently and approximately at the same time. All this indicates that these good opinions are fake. Read one such review:
"24Securities is a cool organisation! It has a brokerage license. I earn 50-100% of my total capital a month and I dedicate ten minutes a day to it all. I recommend 24Securities to everyone!"
Really cool firm! The only one that has the ability to make a simple trader a billionaire in a couple of years, because the trader will earn one hundred and fifty to two hundred percent a month. We're sure it's pretty obvious that this is a fake review.
We took another review on 24Securities left on Reddit:
"24Securities is the coolest broker in the world. I don't understand why it's not number one in Europe and America yet! The service is top notch, the analysts at 24Securities are very smart. I've been trading with the broker for four years now and I'm doing great."
And we too are puzzled why this broker is not the best... among crooks until now.
Note that those people who were scamming the reviews don't even realize that 24Securities "works" for about half a year, but certainly not for several years, which type of person cooperates with 24Securities. No facts which confirm that the managers of 24Securities are "quite competent" are presented.

What is known about 24Securities

In brief, essentially nothing. The company was founded last year. In which city it is based is unknown. No credible information for just over six months of the broker's existence. There is some bad information about the company, but first things first. Our editorial team decided to try and find information on the web about the location of the company's headquarters, but they didn't find anything. Every firm, respecting investors on the contrary, tries to be as open and transparent as possible, to inform its clients, so that they could understand whom they are going to give their money to, but it is obvious that the owners of 24Securities don't think like that.

As we can see, the investor has not only lost money and nerve cells, but also did not gain any positive trading experience, only disappointment in Forex. If you look at other opinions they have basically the same content. The most common thing they talk about is that 24Securities does not withdraw money. People also write about the global incompetence of 24Securities representatives. Reading the reviews on 24Securities we have read more than once the information that 24Securities employees use blatant manipulation and allow themselves to be insulted in the dialogue with investors. Opinions on an adequate investment organisation should suggest otherwise, or at least things shouldn't be so terrible. Basically, the opinions on 24Securities also clearly show that 24Securities is a common scam.

A sensible brokerage platform should be available in both mobile and desktop versions. In today's fast-paced world, investors should be able to access their brokerage platform on the go. This, by the way, will enable them to follow the rapidly changing situation and promptly sell or buy an instrument if they have a compelling reason to do so. A quality platform should have a flexible mobile application as well as a full-fledged computer version to meet all user desires and needs.

The most important fact that confirms that 24Securities is a scam

No doubt we are talking about the lack of regulation. The regulator performs a number of tasks, especially the inspection of brokers' offices, checking of the firm's representatives, monitoring of financial statements, investors and control of the solvency of the firm. But the most important task of the regulator is to prevent money manipulation. Money manipulation can look very different, such as a client withdrawing funds without their knowledge, or an investor misusing their money in a transaction they did not authorise. Shortly before the 2008-2009 crisis, the largest financial institutions in the US did this on a massive scale. The trader can, for example, get his money back through the regulators. The regulators have their own rules which are used to check the qualifications of financial institutions, including those of traders. This, in turn, ensures that qualified specialists cooperate with their clients. 24Securities does not have any authorization to trade, not even the regulation of some fake office.

Entrusting your finances to 24Securities is a decision you are likely to be worried about, as I am at the moment. I have faced the unpleasant reality that this is the worst thing that could have happened to me as a trader, and I think my experience will serve to forum users who, are considering the decision to give their personal funds to this ugly investment firm."

What else should be on the platform of an adequate broker? Research tools! A trading platform should provide clients with access to analytical tools and resources. These can be financial news, analyst reports, broker financial reports, technical analysis tools and more. These resources allow clients to make informed investment decisions rather than doing nothing at all. And how can you make normal investment decisions if all that is present on the 24Securities site is a calendar? White brokers are concerned about their traders' ability to make wise decisions, because it directly affects the long-term prospects of cooperation with each other.

What are the other signs and proofs that 24Securities is a scam?

As written above, 24Securities and its representatives are no strangers to aggressive selling, insults, blatant stupidity, marketing tricks like guarantees of exorbitant profits and falsifying opinions. The documents on the website of 24Securities do not have any, not even the public offer agreement, while there should be scans of documents which confirm the existence of the company's authorisation for brokerage activity, registration papers and probably some regalia. The situation on Google is the same as with the opinions, they are all similar to each other. The fact that 24Securities does not return investments is a standard indicator of a scam. Representatives of 24Securities also like to give bad signals, on which not only you cannot get income, but on the contrary, all the money is lost. Criminals often send such signals in order to earn more commissions and fees, although this is more true for consultants of real brokerage houses, which are scamming in such a way. But the very frequent slippages and glitches of 24Securities are also a typical indicator of a scam.

Subjective experience of "trading" with a broker

What has been said above is already enough to draw a correct conclusion about the true nature of 24Securities. We took the decision to check everything out on our own to be 100% sure.
We registered, the manager of 24Securities called us back and immediately started offering to deposit a large amount into the account. During the conversation the representative of 24Securities used the method of pushy sales, some silly flattery. We funded the account for a minimum amount of 25$ and tried to try tips which are put by this broker. What happened next? We lost most of the money in a couple of trades and decided to withdraw the funds, but they were not transferred to us. A representative of 24Securities called again and tried to persuade us to withdraw the money and vice versa once again to deposit the account and make trades and according to him if we had done so I would have been compensated. It is unclear why they did not want to compensate us right away, without me sending more personal money to the broker. Obviously, had I done so, they still would not have given me the money, not a penny.

When the situation came down to the key aspect of investor support, I got very angry. Their staff were either unresponsive or incapable of resolving my difficulties with any semblance of competence. I realised that I was in contact with a brick wall and my requests for help were ignored. When I promptly needed help during a critical market move, I found myself in a difficult position, and this eventually resulted in me losing a huge amount of money.

Summary

You've seen it all. 24Securities stands out even among scams. The company is so toxic that there's nowhere to put a stigma on it. The reviews on 24Securities, which don't seem to be fake, are filled with negativity. People usually write that the investments are not compensated, managers are abusive, the platform is uncomfortable, it constantly hangs, there are only unpleasant memories from cooperation with the company. If you do not want you to suffer the same fate as the other traders, in no case do not leave even personal information on the website 24Securities, or if you have already left them, then urgently blacklist the numbers of investors and ignore them. If you start talking to managers, there is a risk that scammers with their talent and experience in scamming will be able to wrap you around their fingers and steal your hard-earned money. Because scammers don't just offer some kind of investment, they can gain the trust, make friends with their victims, entice them with the promise of higher earnings.