Crypto24trading is a Contract for Difference (CFD) broker officially registered on March 4, 2024. This broker mainly offers users a wide range of trading markets through platforms like MT4, MT5, and cTrader, including forex, commodities, indices, bonds, cryptocurrencies, stocks, and futures. It does not offer services to judicial jurisdictions where such services could violate local laws or regulations.
Company Registration Information and Regulatory Status:
According to public information on the official crypto24trading website, the broker is regulated by the Financial Services Authority (FSA) of San Diego, California, with the securities dealer license number SD018. However, clicking the “Regulation” link on their website redirects to a “Why crypto24trading” page, where the broker's name is changed to “Wealth For Homes Best Trading”.
In fact, there is no Financial Services Authority (FSA) in San Diego, California. Upon investigation, the regulatory information provided by the crypto24trading website was found to be appropriated from IC Markets, which is registered with the Financial Services Authority (FSA) in the Seychelles. IC Markets is registered under Raw Trading Ltd, with license number SD018.
Account Opening:
Opening an account with crypto24trading: Visit the broker's homepage and click “Sign up” in the top right corner of the webpage. Enter personal information such as name, email address, and set a login password before submitting. After submission, the account will be successfully registered.
Trading Plans:
Crypto24trading offers users four different types of trading plans: BASIC PLAN, STANDARD PLAN, VIP PLAN, and PREMIUM PLAN.
BASIC PLAN:
- Minimum Investment Amount: $3,000
- Maximum Investment Amount: $6,000
- Minimum Revenue: $15,000
- Maximum Revenue: $30,000
STANDARD PLAN:
- Minimum Investment Amount: $9,000
- Maximum Investment Amount: $15,000
- Minimum Revenue: $45,000
- Maximum Revenue: $100,000
VIP PLAN:
- Minimum Investment Amount: $20,000
- Maximum Investment Amount: $30,000
- Minimum Revenue: $140,000
- Maximum Revenue: $200,000
PREMIUM PLAN:
- Minimum Investment Amount: 1BTC
- Maximum Revenue: 3BTC
Trading Platforms:
The official crypto24trading website claims to offer MT4, MT5, and cTrader as trading platforms, but it does not provide any download links, and these platforms do not list any broker named crypto24trading.
Deposits and Withdrawals:
Crypto24trading supports deposits and withdrawals using credit/debit cards, electronic wallets, and bank transfers.
Summary:
Traderknows warns investors that crypto24trading is actually a clone scam site that copies the broker IC Markets. Investors are advised to choose brokers with transparent information, strong regulation, and good reputation for their investment and trading activities to avoid unnecessary financial losses.
Currently, this broker is marked as "Scam" on Traderknows.
