24proinvestors – Can You Trust Them?

Website URL: https://24proinvestors.com

Founded: 2018

Regulations: Unregulated

Languages: English, Italian, Spanish, German, Portuguese

Deposit Methods: Bitcoin

Minimum Deposit: $250

Free Demo Account: No

Number of Assets: N/A

Types of Assets: Cryptocurrency products

Trading Accounts and Conditions

24proinvestors offers its clients 4 different types of trading accounts:

• Standard Account: The minimum deposit requirement for the Standard Account is $250.
• Classic Account: The minimum deposit you need to make to trade on this account is $2,500.
• Gold Account: The initial deposit requirement for this account type is $20,000.
• Premium Account: You need to put in a minimum of $50,000 to trade on this account.

The broker mentions that they offer a leverage ratio of a maximum of 1:200 and a spread that starts at 1.6 pips.

24proinvestors – Advantages

While we try to be as balanced as possible in our reviews, we have not been able to find any advantages to trading with 24proinvestors.

24proinvestors – Disadvantages

Here are all the disadvantages of trading with 24proinvestors:

• Conflicting Corporate Information

24proinvestors claims to be owned and operated by Game Capital Ads Limited, a company that is purportedly based out of St. Vincent and the Grenadines.

However, the broker also claims to be the trademark of a company called PRO Investment Services, which they say is based in Cyprus.

This conflicting corporate information is the first red flag that signals to us that this broker cannot be trusted.

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• Unregulated Broker

Since the broker claims to be owned and operated by Game Capital Ads, which is based in SVG, we know that this broker is not regulated. This is because the financial regulator of the jurisdiction has stated publicly that they do not provide licenses or any form of regulatory oversight for forex and CFD brokerages (which is what 24proinvestors are).

We also checked the online register of Cyprus’ financial watchdog, the CySEC (Cyprus Securities and Exchange Commission) to see if this broker and the company PRO Investment Services were registered with them. Of course, we did not find them listed anywhere.

This means that this broker is not regulated by any financial authority and is offering its services illegally.

• Blacklisted by CONSOB

While checking up on 24proinvestors’ regulatory standing, we came across something that clearly proves that this broker is a scammer. The Italian financial authority, the CONSOB (Commissione Nazionale per le Societa e la Borsa) has issued a regulatory warning against this broker.

According to the warning, 24proinvestors has been offering its services illegally in their jurisdiction and that all Italian and EU citizens have been warned against trading with this broker since they are fraudulent financial intermediaries, i.e., scammers.

The fact that this broker is pretty much anonymous, is unregulated and has been blacklisted by a major financial regulator should be enough of a warning to not trade with them.

• Offers Trading Bonuses

Besides the fact that 24proinvestors is operating illegally, there are many other things that are wrong with this broker. The first point is that they offer trading bonuses.

This is a huge negative, since such bonuses always come with seriously unfair withdrawal conditions. If you avail of their trading bonus, then you will need to meet a trading turnover target. If you do not meet that target, your requests for withdrawal of funds will be denied. The problem is that the trading turnover target is so high that no trader is ever able to achieve it. Therefore, you are basically going to give you money away to this broker.

• No Demo Account

Another negative of trading with this broker is that you cannot test the waters via a demo account. 24proinvestors does not offer their clients a demo account.

This means that you cannot check the trading conditions for yourself and you cannot test their platform unless you open a live account with them.

• No Real Trading Platform

24proinvestors claims that they offer their clients the use of the MetaTrader 4 trading platform.

The MT4 platform (as it is popularly known) is the world’s most popular trading interface. It has a range of features that make trading so much easier – charting tools, trading robots and even technical market indicators.

So, if the claim that this broker made were true, then it would have been a big plus. However, after we registered for an account, we were shown a link for downloading the MT4 platform.

What happened next was very surprising. Instead of being able to download the platform, we were taken to MetaQuotes’ home page! MetaQuotes is the company that developed the MT4 platform. There, we were given the option of downloading an unbranded demo version of the software.

Basically, this broker does not have a trading platform at all!

• Bitcoin Only Payment Option

The only way you can make deposits is via Bitcoin. This is another clear indication that this broker is a scammer. Bitcoin transactions, like all other cryptocurrencies, are virtually untraceable and cannot be reversed. You don’t know who is getting your money and there is no way that you can get it back.

In essence, if you deposit money with 24proinvestors, you will never see that money again. And you will also not be able to get it back since you don’t know where it has gone or even who has it.

This is the reason why scam brokers prefer to use cryptocurrency payment options.

Conclusion 

After going through 24proinvestors’ website and checking up all the details about them, we can say with confidence that they cannot be trusted. In fact, we can also say with confidence that this broker is a scammer and that your funds are definitely not safe with them.

We recommend to all traders that they avoid doing business with this broker.

24proinvestors

2.4

User Experience

3.2/10

Payment Options

2.1/10

Security

2.4/10

Support

2.3/10

Reputation

2.2/10

Pros

• None

Cons

• Conflicting Corporate Information
• Unregulated Broker
• Blacklisted by CONSOB
• Offers Trading Bonuses
• No Real Trading Platform