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24ProfitMarket

United Kingdom|2-5 years|
Suspicious Regulatory License|Suspicious Scope of Business|High potential risk|

https://24profitmarket.com

Website

Rating Index

Contact

https://24profitmarket.com
Flat 2 4 Cliff Road, Cowes, England, PO31 8BN

Licenses

No valid regulatory information, please be aware of the risk!

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No restriction on the broker account. Support service provided by WikiFX

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Warning: Low score, please stay away!
Previous Detection : 2024-03-29
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

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24ProfitMarket · Company Summary

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

General Information & Regulation

Feature Detail
Regulation No regulation
Market Instrument Forex, indices, commodities, shares and cryptocurrencies
Account Type Bronze, Platinum 1 and Platinum 2
Demo Account N/A
Maximum Leverage N/A
Spread N/A
Commission N/A
Trading Platform MT4, Web, MT4 iPhone/iPad/Android
Minimum Deposit €250
Deposit & Withdrawal Method MasterCard, Bitcoin, Neteller, Visa, Skrill and PayPal

24ProfitMarket, a trading name of INVEST GLOBAL MARKETING LTD, is allegedly a forex broker registered in the United Kingdom that claims to provide its clients with various tradable financial instruments on the MT4 trading platform via three different live account types, as well as 24/5 customer support service. Here is the home page of this brokers official site:

General Information & Regulation

As for regulation, it has been verified that 24ProfitMarket currently has no valid regulation. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 1.16/10. Please be aware of the risk.

General Information & Regulation

Market Instruments

24ProfitMarket advertises that it offers access to a wide range of trading instruments in financial markets, including forex, indices, commodities, shares and cryptocurrencies.

Account Types

24ProfitMarket claims to offer three types of trading accounts, namely Bronze, Platinum 1 and Platinum 2, with minimum initial deposit requirements of €250, €750 and €1000 respectively. In comparison, licensed brokers allow setting up a starter account with a minimum deposit of $100 or even less.

Account Types

Trading Platform Available

The platform available for trading at 24ProfitMarket is one of the most notable and preferred trading platforms the market offers - MetaTrader4, Web Terminal and MetaTrader4 iPhone/iPad/Android, which is highly praised by traders and brokers alike due to its ease of use and great functionality. The MT4 offers top-notch charting and flexible customization options. It is especially popular for its automated trading bots, a.k.a. Expert Advisors.

Deposit & Withdrawal

From the logos shown at the foot of the home page on 24ProfitMarkets official website, we found that this broker seems to accept numerous means of deposit and withdrawal choices, consisting of MasterCard, Bitcoin, Neteller, Visa, Skrill and PayPal.

The minimum initial deposit requirement is said to be €250. The minimum withdrawal is $250 for all bank transactions, while the minimum for all other methods is $100.

The usual withdrawal fees are $35 fee for cards, $50 for bank transfers, and $25 for e-wallets. It is also a 10% levy that will be charged if the user requests a withdrawal before completing a turnover of 200 times the initial deposit amount.

The typical withdrawal processing time is up to 5 days.

Deposit & Withdrawal

Bonuses

24ProfitMarket claims to offer different bonuses for different account types. Specifically, a 20% bonus on the Bronze account, a 30% bonus on the Platinum 1 account and a 50% bonus on the Platinum 2 account.

Customer Support

24ProfitMarket‘s customer support can be reached by sending messages online to get in touch or request a call back. Company address: Flat 2 4 Cliff Road, Cowes, England, PO31 8BN. However, this broker doesn’t disclose other more direct contact information like telephone numbers or the email address that most transparent brokers offer.

Pros & Cons

Pros Cons
• Multiple trading assets, account types and payment options offered • No regulation
• Lack of transparency
• MT4 supported • High minimum deposit (€250)

Frequently Asked Questions (FAQs)

Q 1: Is 24ProfitMarket regulated?
A 1: No. It has been verified that 24ProfitMarket currently has no valid regulation.
Q 2: Does 24ProfitMarket offer the industry-standard MT4 & MT5?
A 2: Yes. 24ProfitMarket supports MT4, Web, MT4 iPhone/iPad/Android.
Q 3: What is the minimum deposit for 24ProfitMarket
A 3: The minimum initial deposit at 24ProfitMarket to open the most basic account is €250.
Q 4: Does 24ProfitMarket charge a fee?
A 4: 24ProfitMarket charges a withdrawal fee, which differs on the method, yet it reveals nothing about the spread and commission.
Q 5: Is 24ProfitMarket a good broker for beginners?
A 5: No. 24ProfitMarket is not a good choice for beginners. Not only because of its unregulated condition, but also because of its lack of transparency.

Broker Information

Company Name

INVEST GLOBAL MARKETING LTD

Company Abbreviation

24ProfitMarket

Regulatory Status

No Regulation

Platform registered country and region

United Kingdom

Company website
Phone of the company

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Company address
  • Flat 2 4 Cliff Road, Cowes, England, PO31 8BN

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QQ

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WeChat

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Customer Service Email Address

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Company Summary

User Reviews

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FX1171850791
more than one year
I found 24ProfitMarket customer support service extremely helpful, especially as I was unsure what I needed. I got bonuses instantly after my first deposit.
2022-12-13 17:34
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_okma
more than one year
If you invested in this broker, and you will give you money to its scammer. They manipulated your trading accounts, arose your trading fees, rejected your withdrawal requests… That happened to me. Guys, stay away from it.
2022-12-09 16:48
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