Warning! Trade24View is an offshore company! Your deposit may be at risk.
RECOMMENDED FOREX BROKERS
Trade24View’s flaw lies in its inability to hide its true nature very well. One simple Google search and all of the company is revealed for what it is. If anyone can do it, imagine what we were able to find out; it’s nothing to write home about, for 95% of brokers that we review behave the exact same way. If you wanna know more be sure to read the review.
First off, the legal issue. For one the broker claims to be regulated by the FSC in Vanuatu. If this were true, then we would not have an issue finding the name Trade24View in the regulator’s database. Well, we did not find a trace of this broker in the VFSC’s registry, which leads us to believe that the company has lied about the license. And it’s obvious that it has done so.
Moreover, we found that Trade24View has taken the legal status of Vantage Global Limited, a legit broker, as it won regulatory details, which is a shameless thing to do! It has basically stolen the legal information of a regulated broker and presented it as its own. How low can you sink? Not to mention that this move is completely illegal. It’s basically ripping off the Vantage Global Limited broker.
There was no contact address, not that we need further information to expose this company. Trade24View is without a license and therefore a risk to all users.
Investing in unregulated brokers is the digital equivalent of throwing your money away for the wind to disperse it. It’s obvious that no one would do such a thing. Go with brokers that are regulated by trustworthy organizations like the FCA or CySEC. These entities work closely with the law, enforce it when called for, and have strict requirements for those under their gaze. Not to mention that those under their jurisdiction are members of compensation funds that cover victimized clients’ losses of up to £85 000 (FCA) and €20 000 (CySEC).
There was no accessing a user area for the reason that we could not actually open one. The buttons for the account creation form were unresponsive, meaning that there was no registration form accessible. And so we must trust the website with all details, meaning that what we are about to reveal may as easily be fake information.
And so, we get a 1:500 leverage cap. The promoted available tradeable assets are forex pairs, indices, commodities, and shares. The website states that spreads from 1.2 pips on Standard account, which means that 1.2 pips is the lowest one can get.
These trading conditions may seem like sweet music to your ears, but the reality is that the company has probably twisted them
There are three advertised trading software.
A web trader, the MT4, and the MT5, yet none of them gave been made available.
There were no download links, and no access link to the web trader. Therefore one cannot access any trading platform from the website.
Meanwhile, we had no access to the user area, and this means that we cannot be sure that there is a trading software to begin with.
TRADE24VIEW MINIMUM DEPOSIT
According to the site, the minimum investment requirement is $50.
The company makes it clear that there are no depositing fees whatsoever.
The promoted payment gateways are credit cards, debit cards, wire transfer, fasapay, JCB, and sticpay.
All these conditions for deposits may sound good, but the truth is that Trade24View has probably made them up. The company cannot be trusted with important stuff like payment methods; it will butter things up as to seem favorable to users so that they are more eager to invest.
DON’T PROVIDE YOUR CREDIT CARD CVV CODE
The CVV code is the one thing that separates a buyer from a product. Without it, one cannot complete a purchase, even if him/her has given all other necessary information. By giving this detail to someone else, you are essentially inviting them to use your funds for their own means. And be warned that unregulated brokers most certainly plan to do so.
DON’T PROVIDE ACCESS TO YOUR COMPUTER AND BANK ACCOUNT VIA ANYDESK OR TEAMVIEWER
Be sure to never give AnyDesk or TeamViewer access to your PC to unverified agents. These 2 platforms allow for your PC to be taken over by a second party, oftentimes for help or guidance, but in the case of these brokers for the sole purpose of looting your bank account(s) and personal information. However, in order to do so your consent is needed, and this is the only thing standing in the scammers’ way.
TRADE24VIEW WITHDRAW TIME AND FEES
All withdrawal requests received by the broker after 7 pm will be processed on the next day.
There is an international bank withdrawal fee of $20.
All details are taken from the website, no matter how limited they are. With unlicensed brokers you never know if you’re ever going to see your money back, and the evidence showcases that it 99% of case the money is gone forever.
Beware, once more, when giving away an ID and a proof of address. Trustworthy brokers ask for these before traders can deposit to make a check up. Deceitful ones will ask for these details, using the anti-money laundering legislation as pretext, once you start asking too many questions and are getting suspicious of their activities. Understand that they will use these to build a stronger case against you in the event that you request a chargeback.
Yet again we urge readers to stay away from this broker as it will, without a doubt, never return your funds and profits. If you wish to to get smooth and efficient transactions, please visit a FCA/CySEC regulated broker, where all withdrawals are handled with care and respect.
HOW TO RECOVER
The most sound advice we could give you is to immediately file for a chargeback with you credit card company.
If you have given away your credit card details including the CVV code to the “broker” you should cancel it ASAP and check with your bank to see the damage inflicted.
Also, beware of self proclaimed “recovery” agencies or agents. These cheeky scammers promise to fix your problem and restore the lost funds. They offer their services in exchange of a small sum from your end, after which you won’t ever hear from them again.
The last line of defense for these indecent folk is more like a desperate cry: often times they will comment on reviews and cite the whole ordeal as a conspiracy initiated by competitive brokers against them; at times even claiming that reviewers are anything but objective, and that no one writes good reviews. The absurdities are limitless!
Trade24View is not a regulated broker and it thus automatically a risk. There is no sugarcoating this.