MarketTrend24 is an online trading platform offering a variety of financial products, including forex, indices, cryptocurrencies, stocks, and commodities. Although the website provides some service information, the platform lacks transparency in areas such as registration background, regulatory information, and trading conditions, raising questions about its legitimacy and reliability.
MarketTrend24 Corporate Background:
The official website of MarketTrend24 is https://www.market-trend24.com/, and its domain was registered on April 17, 2024. While some information is disclosed on the website, detailed registration background information of the company is currently unavailable, leaving its legitimacy and operational status unclear.
MarketTrend24 Regulatory Information:
MarketTrend24 claims to offer multiple trading services, including forex, indices, commodities, and cryptocurrencies. However, it is concerning that the platform has not disclosed any company name or regulatory information for users to verify. Additionally, the German Federal Financial Supervisory Authority (BaFin) has listed MarketTrend24 on its warning list, accusing it of illegally offering financial services and advising investors to avoid the platform.
MarketTrend24 Account Registration Process:
The process of opening an account with MarketTrend24 involves the following steps:
- Visit the Website: Go to the official MarketTrend24 website and click the register button.
- Fill out the Application Form: Complete the registration form with personal details such as full name, email address, and contact number.
- Submit Identity Verification: Provide necessary identity verification documents and verify your phone number to secure your account.
- Deposit and Start Trading: After completing identity verification, users can fund their accounts and start trading.
MarketTrend24 Account Types:
Standard Account:
- Minimum Deposit: $250
- Minimum Spread: from 1.5 pips
- Maximum Leverage: 1:200
- Bonus: up to 30%
Silver Account:
- Minimum Deposit: $2,500
- Minimum Spread: from 1.5 pips
- Maximum Leverage: 1:300
- Bonus: up to 50%
Gold Account:
- Minimum Deposit: $10,000
- Minimum Spread: from 0.8 pips
- Maximum Leverage: 1:400
VIP Account:
- Free Demo Account
- Minimum Spread: from 0 pips
- Maximum Leverage: up to 1:500
MarketTrend24 Trading Software:
MarketTrend24 has not yet disclosed specific information about the trading software it uses, creating uncertainty for users who cannot assess the platform's trading experience and technical support reliability.
MarketTrend24 Trading Products:
MarketTrend24 offers a variety of trading products, including:
- Forex
- Indices
- Cryptocurrencies
- Stocks
- Commodities
MarketTrend24 Spreads, Leverage, and Commissions:
MarketTrend24 has not disclosed key details on its website related to trading accounts, including spreads, leverage, commissions, minimum/maximum trade size, maximum open positions/orders, margin requirements for stop-loss, and contract sizes. This lack of information makes it difficult for investors to understand the trading costs and risk management on the platform.
MarketTrend24 Deposit and Withdrawal Methods:
MarketTrend24 supports the following deposit and withdrawal methods:
- Bitcoin
- Wire Transfer
- VISA
- Mastercard
MarketTrend24 Customer Support:
Email: support@market-trend24.com
Conclusion:
Although MarketTrend24 claims to offer various trading products and account types, the platform's severe lack of transparency in areas such as registration information, regulatory certification, and trading software makes it difficult for investors to fully evaluate the platform's safety and legitimacy. Given that the platform has been listed on the warning list by the German Federal Financial Supervisory Authority, investors are advised to exercise extreme caution when using it. Currently, MarketTrend24 is marked as "suspected fraud" on TraderKnows.
