24cryptoprimeoptions is a CFD brokerage firm whose official website was registered on August 9, 2022. This broker primarily provides investment services to investors in markets such as forex, cryptocurrencies, indices, stocks, energy, and commodities. It does not offer services to countries and regions where doing so might violate local laws or regulations.
Company Registration and Regulatory Status
According to information publicly available on the 24cryptoprimeoptions website, the broker was established in 2016 and claims to be regulated by the Australian Securities and Investments Commission (ASIC). However, the broker does not disclose its company entity registration information or detailed regulatory information.
Upon verification, the Australian Securities and Investments Commission (ASIC) has no records of any regulated entity named "24cryptoprimeoptions".
Therefore, 24cryptoprimeoptions is essentially a fraudulent broker website with no company entity or regulatory oversight.
Account Opening Process
The account opening process for a 24cryptoprimeoptions trading account is as follows: Open the broker's official website, click on "Open Account" on the homepage or "SIGN UP" in the upper right corner of the page to enter the account registration page. Fill in the required personal information such as name and email address, set up a login password, and submit. After submission, verify the account to successfully complete the registration.
Trading Instruments
24cryptoprimeoptions offers clients a variety of trading products, including forex, indices, commodities, stocks, and cryptocurrencies.
- Forex: Involves the exchange of different currencies, known for its high liquidity, allowing traders to profit from exchange rate fluctuations.
- Indices: Allows speculation on the performance of an entire market or specific sector without trading individual stocks. Exploring popular indices can reveal diverse trading opportunities and enhance potential returns through high leverage.
- Commodities: Covers key resources in global markets, allowing traders to buy and sell a variety of raw materials, including metals, energy, and agricultural products.
- Stocks: Enables investors to participate in the price fluctuations and dividends of public companies based on their performance, without the need to actually hold the stocks.
- Cryptocurrencies: Offers opportunities for digital currency enthusiasts to profit from highly volatile assets.
Investment Plans
24cryptoprimeoptions offers four different types of investment plans: STARTER ACCOUNT, CLASSIC ACCOUNT, PLATINUM, and FOREX SIGNALS.
STARTER ACCOUNT:
- Minimum deposit: $500 or £500
- Minimum expected profit: $3,500 or £3,500
- Maximum expected profit: $5,000 or £5,000
- Trader education*
- Risk management
- Tax-free spread trading profits
CLASSIC ACCOUNT:
- Minimum deposit: $5,000 or £5,000
- Minimum expected profit: $45,000 or £45,000
- Maximum expected profit: $50,000 or £50,000
- Expert news and analysis
- Competitive spreads
- Advanced trading tools
- Tax-free spread trading profits
PLATINUM:
- Minimum deposit: $10,000 or £10,000
- Minimum expected profit: $99,999 or £99,999
- Full benefits
- Trader education*
- Advanced risk management
- Tax-free spread trading profits
FOREX SIGNALS:
- Professional forex signals
- Up to 10 signals per day
- 95% success rate
- 24/7 support
- Advanced trading tools
- Bitcoin payments only
- Use any broker
Trading Platform
24cryptoprimeoptions provides its users with an in-house developed trading platform, claiming an average order execution speed of less than 7.12 milliseconds, with more than 12,000 orders executed per second from comprehensive liquidity providers.
Deposits and Withdrawals
24cryptoprimeoptions does not support deposits and withdrawals via credit cards or bank wire transfers; it only supports deposits and withdrawals through cryptocurrencies.
Conclusion:
Traderknows reminds investors that 24cryptoprimeoptions is a scam broker that lures investors with high returns. The website has no actual company entity or any regulation. Investors are advised to choose brokers with transparent information, strong regulation, and good reputation to avoid unnecessary financial losses.
Currently, this broker is labeled as a "Scam" on Traderknows.
