Global Broker governance & inquiry App

Score

0123456789
.
0123456789
0123456789
/10

24NewsTrade

Saint Vincent and the Grenadines|2-5 years|
Suspicious Regulatory License|Suspicious Scope of Business|High potential risk|

https://24news.trade/

Website

Rating Index

Contact

+44-203-519-35-30
support.de@24news.trade
https://24news.trade/
12101 Tukwila International Blvd #320, Seattle, WA 98168

Licenses

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

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

Single Core

1G

40G

Open Now

Contact number

English

+44-203-519-35-30

Spanish

+34-91-038-96-84

Russian

+74-99-754-58-23

Broker Information

More

Company Name

Baumont Group LTD.

Company Abbreviation

24NewsTrade

Platform registered country and region

Saint Vincent and the Grenadines

Company website
Twitter

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

Warning: Low score, please stay away! 2
Previous Detection : 2024-04-18
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

Users who viewed 24NewsTrade also viewed..

XM

9.04
Score
10-15 yearsRegulated in AustraliaMarket Making(MM)MT4 Full License
Official website

HFM

8.25
Score
10-15 yearsRegulated in CyprusMarket Making(MM)MT4 Full License
Official website

GTC

8.34
Score
10-15 yearsRegulated in United KingdomStraight Through Processing(STP)MT4 Full License
Official website

FXCM

9.46
Score
Above 20 yearsRegulated in AustraliaMarket Making(MM)MT4 Full License
Official website
Pyramid scheme complaint
Expose

24NewsTrade · Company Summary

General Information & Regulation

24NewsTrade is an offshore broker, owned and operated by a group of companies – Baumont Group LTD, based offshore in St. Vincent and the Grenadines and Baumont Solutions OU, which is incorporated in Estonia. Therefore, 24NewsTrad is yet another unregulated broker, with rather limited credibility, which does not have legal right to target customers on regulated markets like the European Union, the UK, the U.S., Canada or Australia.

Markets Instruments

24NewsTrade says to be offering over 300 trading instruments, including forex pairs and CFDs on indices, commodities and stocks.

Minimum Deposit

With their Basic Account 24NewsTrade wants you to deposit 250 USD and this is more or less what other brokers would also require.

Trade Size

The minimum trade size allowed by 24NewsTrade is 0.01 lot.

Leverage

The maximum trading leverage offered by 24NewsTrade is relatively high, reaching up to 1:1000. Be aware as well that higher leverage is associated with higher risk of losing your fund with the slightest fluctuation of the market, so leverage should be used with caution.

Spreads & Commissions

The spreads in the Standard accounts seem rather wide, with the spread on the EUR/USD pair from 3 pips, almost twice the amount of the industry standards. As most brokers do, more funds deposited into accounts, narrower spreads traders can enjoy.

Trading Platform Available

In terms of trading platform available, 24NewsTrade offers both MetaTrader4 for PC and web and Status Platform, which is web based

Deposit & Withdrawal

24NewsTrade accepts payments with VISA and MasterCard, bank wire, crypto coins and an e-wallet called Paytrio, but not Skrill.

User Reviews

Sort by content

  • Sort by content
  • Sort by time

User comment

2

Comments

Write a review

Cash
more than one year
One of the brokers on my shortlist, which is still under observation, has not found anything unusual for the time being. What I care most about is what other traders say about them, and I would never be able to choose a broker with many bad reviews to trade with. But so far, I haven't seen any negative news, but after a long time, maybe the problem has not yet exploded, I will observe it for a while.
2023-03-20 17:46
Reply
0
0
小風
more than one year
No Issues Whatsoever. I've been using them for years and had no issues whatsoever. The support is great and immediate if you need it, they always transfer money back to your account when required.
2023-03-10 14:05
Reply
0
0
1
TOP
Select Country/District
United States
※ The content of this website abides with local laws and regulations.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qawikifx@gmail.com
Cooperation:fxeyevip@gmail.com