In this section we will analyze the broker Bstox24 (also called bstox24.com), is a Forex, Cryptocurrency and CFD broker. Is Bstox24 really recommended to make 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 might be wondering why we reviewed Bstox24. 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, 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: Saos Group Ltd.
As to its location, the broker mentions being based in: Saint Vincent and the Grenadines.
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.
Remember that to make a safe investment, the best option (and the safest) are the regulated brokersas they must meet very strict requirements. Instead, when working with a unregulated broker, there is a much higher risk of losing the capital invested, in the event that the company goes bankrupt or is reluctant to return the money as it usually happens.
To learn more about regulations, we invite you to access the following link.
If now we go on to analyze account types offered by Bstox24, we note that it offers 4 different types of account / plans: Basic Account, Silver Account, Gold Account and VIP Account. We leave an image with a little information about each type of account.
Basic account: $ 200 minimum initial deposit, access to 100+ assets, 3 educational sessions with a Senior Analyst.
Silver Account- $ 3.000 minimum initial deposit, access to 200+ assets, unlimited educational sessions with a Senior Analyst, 5 VIP signals, 5 free withdrawals.
Gold Account- Minimum initial deposit of $ 10.000, access to 200+ assets, unlimited educational sessions with a Senior Analyst, 5 weekly VIP signals, 10 free withdrawals.
VIP account- Minimum initial deposit of $ 50.000, access to 100+ assets, 10 educational sessions with a Senior Analyst, 3 VIP signals, first free withdrawal.
In the following image you can have more information about the types of account. Click here to see the image in full size.
Las platforms to operate that Bstox24 offers are: the Bstox24 platform.
We will now analyze the different resources and aids for traders that Bstox24 provides on its website. We believe that the resources and help provided on the website can be a point in favor of the broker.
Bstox24 provides the following aids or resources to traders or stakeholders: just a bit of information, really not much more than this.
| Other information about bstox24 |
Some more information in case you want to contact the company, or see its website for yourself.
Phone number: does not have.
>>> Assessment on bstox24 <<
Ending with this section, in our opinion Do we think Bstox24 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 an unsafe country to invest (Saint Vincent and the Grenadines), when looking for reviews about bstox24 We found negative reviews. We suggest using caution.
⛔ Attention ⛔ : in September 2020 CONSOB added bstox24 to your list of fraudulent financial companies, for acting without authorization. ⛔ WE SUGGEST EXTREME CAUTION ⛔
➡️ Link to CONSOB's September 2020 warning ⚠️
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.