✔️ Information reviewed and updated in April 2024 by Pedro Martínez González
In this section we will analyze the broker 24NewsTrade (also called 24news.trade), is a Forex and CFD broker. Is 24NewsTrade really recommended for making an investment? Or is it better not to invest with this company? Is it a safe broker? Is a gotcha? We will help you determine it.
You may be wondering why we review 24NewsTrade. It is because we have received some messages from clients asking about the company, and we like to think that our reviews page helps investors, by providing key information about the company, we disclose information that every investor should know before leaning or not, for Invest with an investment company.
We carry out this review and assessment, due to the fact that we receive different messages and comments asking about the reliability of the company in question.Are you a representative of this company? Leave a comment responding to customer concerns.
Essential information: Who does it belong to? Where is located? Is it a regulated broker?
The broker mentions being part of: Baumont Group OU.
As to its location, the broker mentions being based in: Estonia.
If we analyze the regulation of the broker: they do not mention anything about being a regulated broker, which makes us think that it is an unregulated broker.
If now we go on to analyze account types offered by 24NewsTrade, we noticed that it offers 6 different types of account / plans: Basic Account, Standard Account, Trader Account, Pro Account, Pro + Account and VIP Account. We leave an image with a little information about each type of account.
Basic Account- Minimum initial deposit of $ 250, 3 pips spread, fixed leverage up to 1:50, account manager, introduction to the platform, introduction to the financial market, bonus.
Standard Account: minimum initial deposit of $ 2.500, 3 pips spread, fixed leverage up to 1: 500, account manager, introduction to the platform, introduction to the financial market, bonus, technical analysis, fundamental analysis, short and long term strategies, management risky.
Trader Account: minimum initial deposit of $ 5.000, 2.1 pips spread, fixed leverage of up to 1: 1000, account manager 24 hours 5 days a week, introduction to the platform, introduction to the financial market, bonus, technical analysis, fundamental analysis, strategies short and long term, risk management, advanced trading strategies, courses, insurance up to 30%.
Pro Account: minimum initial deposit of $ 25.000, 0.7 pips spread, fixed leverage up to 1:50, account manager 24 hours 7 days a week, introduction to the platform, introduction to the financial market, bonus, technical analysis, fundamental analysis, strategies short and long term, senior account manager, daily market overview, private webinar with an expert, live trading with an expert, enhanced risk management, advanced trading strategies, courses, up to 50% insurance.
Pro + account- Minimum initial deposit of $ 100.000, fixed leverage up to 1:10, 24/7 account manager, platform introduction, financial market introduction, bonus, technical analysis, fundamental analysis, short and long term strategies , senior account manager, daily market overview, private webinar with an expert, live trading with an expert, enhanced risk management, advanced trading strategies, courses, up to 70% insurance, market expert, unlimited access to VIP webinars, individual market education with experts, personal risk assessment and management with experts.
VIP account- Minimum initial deposit of: contact 24NewsTrade, fixed leverage up to 1: 1, 24/7 account manager, platform introduction, financial market introduction, bonus, technical analysis, fundamental analysis, short strategies and long term, senior account manager, daily market overview, private webinar with an expert, live trading with an expert, enhanced risk management, advanced trading strategies, courses, up to 70% insurance, market expert , unlimited access to VIP webinars, individual market education with experts, personal risk assessment and management with experts. Request details from 24NewsTrade for more information.
In the following image you can have more information about the types of account. Click here to see image 1 in full size y Click here to see image 2 in full size.
Las platforms to operate that 24NewsTrade offers are: 24NewsTrade's own platform.
We will now analyze the different resources and aids for traders that 24NewsTrade provides on its website. We believe that the resources and help provided on the website can be a point in favor of the broker.
24NewsTrade does not provide help or resources to traders or stakeholders.
| Other information about 24NewsTrade |
Some more information in case you want to contact the company, or see its website for yourself.
Website: 24news.trade
Telephone: +34-91-038-96-84
Email: [email protected] - [email protected]
>>> Assessment on 24NewsTrade <<
Ending with this section, in our opinion Do we believe that 24NewsTrade company is trustworthy? Should you invest your money with the company?
The truth is that, we recommend to exercise caution, because: it is an unregulated broker, it is based in unsafe countries (Saint Vincent and the Grenadines), when looking for reviews about 24NewsTrade we have found a large number of negative comments from people who have been scammed . We suggest using caution.
⛔ Attention ⛔ : in November 2020 FCA (England) added 24NewsTrade to your list of fraudulent financial companies, for acting without authorization. ⛔ WE SUGGEST EXTREME CAUTION ⛔
➡️ Link to FCA's November 2020 ⚠️ warning⛔ Attention ⛔ : in June 2021 BaFin (Germany) added 24NewsTrade to your list of fraudulent financial companies, for acting without authorization. ⛔ WE SUGGEST EXTREME CAUTION ⛔
➡️ Link to BaFin's June 2021 warning ⚠️⛔ Attention ⛔ : in September 2021 FI (Estonian regulator) added Baumont Solutions OU (owner of 24NewsTrade) to its list of fraudulent financial companies, for acting without authorization. ⛔ WE SUGGEST EXTREME CAUTION ⛔
➡️ Link to FI's September 2021 warning ⚠️
⛔ Attention ⛔ : in September 2021 FMA added 24NewsTrade to your list of fraudulent financial companies, for acting without authorization. ⛔ WE SUGGEST EXTREME CAUTION ⛔
➡️ Link to the FMA September 2021 warning ⚠️
⛔ Attention ⛔ : the company 24NewsTrade is linked with Global NewsA company with a bad reputation. ⛔ WE SUGGEST EXTREME CAUTION ⛔
We always recommend working only with properly regulated companies, isn't it better to have the protection of a good regulator? Is it worth the risk if there are much safer options to invest?
You have to understand that one of the few measures that really ensure the clients' money is the regulation of the broker, that is, it is probably the most important thing in any broker; THAT IT HAS A GOOD REGULATION, DO NOT BE FOOLED. Good regulation means that there is an authority to which, in case of misunderstandings or problems, customers can complain.
What is your opinion? Have you traded with this broker? Are you a customer? Do you think our opinion is not correct? We invite you to collaborate with us and vote, you can also leave a comment on our website with your experience if you are a client of the broker.
We leave a vote open so that traders, clients and users of the broker can vote.
[democracy id = ”557 ″]
Scammed by 24 news trade, Hello, I am not new to this page because I have been scammed by one of the companies mentioned, as I do not want under any circumstances that this rabble continues to scam with impunity, I want to warn people that under no circumstances deposit a hard on this platform because after depositing 250 euros and then 500 as an advance to pay the commission to receive a part of my earnings not only have I not received anything but yesterday when accessing my account I found that all my withdrawals had been rejected and they have left me a balance of -4,80 euros, please warn me about this broker and above all I hope they collect complaints about it, on this site I have not found anything about them but on scam doc I have read testimonials from a few victims, please mention this broker as a fraudulent broker and thus be able to collect testimonies from victims of their methods
Hi Blanca, thanks for commenting on 24NewsTrade. This broker is a SCAM. Do not send them money, they want to get as much money as possible with lies, the operations are not real, they do not put the money in the market, they just make it look and in the end they tell you that you have lost and they keep it.
If to withdraw your money they ask you for more to pay taxes, fees, legalizations, etc. Do not do it! It is a clear sign that they want to steal your money and they will not return anything even if you pay.
If you have more information about the company, we ask you to share it with us, especially if it is information that you think can help other people investing with this company.
Do you have names of advisers, numbers, emails from which they have contacted you? Do you remember how you found this broker in the first place?
To get your money back, try our chat or this link: CLAIM YOUR MONEY, WE HELP YOU
Greetings.
I want to know how to contact Adriana Aguirre please thank you
Hi Maria, thank you for commenting on 24NewsTrade. This broker is a SCAM. Do not send them money, they want to get as much money as possible with lies, the operations are not real, they do not put the money on the market, they only show it and in the end they tell you that you have lost and they keep it.
If to withdraw your money they ask you for more to pay taxes, fees, legalizations, etc. Do not do it! It is a clear sign that they want to steal your money and they will not return anything even if you pay.
If you have more information about the company, we ask you to share it with us, especially if it is information that you think can help other people investing with this company.
Do you have names of advisers, numbers, emails from which they have contacted you? Do you remember how you found this broker in the first place?
To get your money back, try our chat or this link: CLAIM YOUR MONEY, WE HELP YOU
Greetings.
I want to know how to contact Adriana Aguirre please
Hi Maria, thank you for commenting on 24NewsTrade. This broker is a SCAM. Do not send them money, they want to get as much money as possible with lies, the operations are not real, they do not put the money on the market, they only show it and in the end they tell you that you have lost and they keep it.
If to withdraw your money they ask you for more to pay taxes, fees, legalizations, etc. Do not do it! It is a clear sign that they want to steal your money and they will not return anything even if you pay.
If you have more information about the company, we ask you to share it with us, especially if it is information that you think can help other people investing with this company.
Do you have names of advisers, numbers, emails from which they have contacted you? Do you remember how you found this broker in the first place?
To get your money back, try our chat or this link: CLAIM YOUR MONEY, WE HELP YOU
Greetings.
On the platform I have earned € 18.000 with Meta Trader 4 that obviously I cannot recover, since I suppose that the money is not real and all operations are virtual. When you tell them that you want to transfer all or part of your portfolio, they tell you that you must make a transfer with their commission first. Obviously there is the scam, in addition to the initial funds contributed, which you have already lost at the time of payment.
The moment you don't pay them the commission, they block your account and threaten you with a multitude of calls at any time of the day. And as if that were not enough, you are immediately contacted by a company that "helps" you to claim your money. It is the second part of the scam.
I hope the experience told will serve you
Hi Jesus, thanks for commenting on 24NewsTrade. This broker is a SCAM. Do not send them money, they want to get as much money as possible with lies, the operations are not real, they do not put the money on the market, they only show it and in the end they tell you that you have lost and they keep it.
If to withdraw your money they ask you for more to pay taxes, fees, legalizations, etc. Do not do it! It is a clear sign that they want to steal your money and they will not return anything even if you pay.
If you have more information about the company, we ask you to share it with us, especially if it is information that you think can help other people investing with this company.
Do you have names of advisers, numbers, emails from which they have contacted you? Do you remember how you found this broker in the first place?
To get your money back, try our chat or this link: CLAIM YOUR MONEY, WE HELP YOU
Greetings.
Good day i almost lost all my life saving to binary scam, I invested 75% of my hard earned money to invest with FAKE trading platform with the positive mindset of getting it multiplied and enjoying and secure better life. It was sweet and smooth from the start, withdrawals were easy and consistent until it gets to a point I started to be denied withdrawals and that was how I lost all money, I couldn't get my investment amount back not talk of the bonuses. I contacted several lawyers but it was all waste of time and money, they couldn't render an inch of help. God so good to my old self and family, I later met with a certified binary options recovery expert that helped me recover my money from the brokers and they don.t even charged anyfront fee before handling my case and i received the good new from them within days honestly it was worth it to pay they 20%. You can contact the expert HERE if you have found yourself in the same situation as me, I can assure he would be able to help you just as he helped me, you can give him a try if you don't mind.
Hi Maureen Smith, thanks for commenting on 24NewsTrade. This broker is a SCAM. Do not send them money, they want to get as much money as possible with lies, the operations are not real, the money is not put on the market, they only show it and in the end they tell you that you have lost and they keep it.
If to withdraw your money they ask you for more to pay taxes, fees, legalizations, etc. Do not do it! It is a clear sign that they want to steal your money and they will not return anything even if you pay.
If you have more information about the company, we ask you to share it with us, especially if it is information that you think can help other people investing with this company.
Do you have names of advisers, numbers, emails from which they have contacted you? Do you remember how you found this broker in the first place?
To get your money back, try our chat or this link: CLAIM YOUR MONEY, WE HELP YOU
Greetings.
I have already been scammed by two platforms by 24News TRADE with € 166.000 and now with investingstate € 11.500 and in the lame platform I won € 351.000 with Meta Trader 4
Hi Maria, thank you for commenting on 24NewsTrade. This broker is a SCAM. Do not send them money, they want to get as much money as possible with lies, the operations are not real, they do not put the money on the market, they only show it and in the end they tell you that you have lost and they keep it.
If to withdraw your money they ask you for more to pay taxes, fees, legalizations, etc. Do not do it! It is a clear sign that they want to steal your money and they will not return anything even if you pay.
If you have more information about the company, we ask you to share it with us, especially if it is information that you think can help other people investing with this company.
Do you have names of advisers, numbers, emails from which they have contacted you? Do you remember how you found this broker in the first place?
To get your money back, try our chat or this link: CLAIM YOUR MONEY, WE HELP YOU
Greetings.