de | cn | ru

24Stox Review - is it scam or safe?

24Stox Review - Is 24stox.com scam or good forex broker?

RATING: 1 / 8 REVIEWS 24Stox
24Stox is an offshore broker. Your money is not safe.

RECOMMENDED FOREX BROKERS


Trading accounts and conditions

 

Account type Minimum deposit Minimum trade size Maximum leverage Average spreads
Basic $1000 0.01 lot 1:300 From 1 pip
Advanced $10 000 0.1 lot 1:100 From 0.6 pips
Platinum $25 000 0.1 lot 1:100  From 0.2 pips

 

24Stox is an offshore forex broker. Its instrument list includes forex pairs and CFDs on indices, commodities and shares.


In addition to the three live trading accounts, 24Stox offers a demo account for testing purposes. Allegedly there is also an ECN account that allows scalping.


The Company. Security of Funds


Company Country Regulation
2dots Limited Vanuatu None


24Stox is a brand of the company 2dots Limited. On its site the broker displays a certificate for incorporation in Vanuatu. Apparently the company was set up earlier this year. It, however, does not have a license for financial services from the Vanuatu Financial Services Commission. Instead, there is something called Principal’s License, signed by Vanuatu’s minister of finance and economic management. The document allows the company to do business as a dealer in securities. We are not sure what to make of this, but either way, we believe dealing with this company is somewhat risky.


Vanuatu is one of the several offshore zones preferred by shady forex brokers, along with Saint Vincent and the Grenadines, the Marshall Islands and the Seychelles. As offshore zones, those islands have very lax, if any, requirements for the companies set up there and exercise hardly any supervision. This is why quite often brokers based in those places turn out to be a scam and their owners disappear with their clients’ money never to be heard from again.


The licenses from the local authorities in charge of supervising the financial services providers do not guarantee safety either. Generally, it is better to deal with brokers with reliable regulation, like the one provided by UK’s FCA or the Australian Securities and Investment Commission (ASIC).


Trading platform


Not surprisingly, 24Stox offers the popular MetaTrader 4 as a trading platform.


The MT4 has been the favorite of brokers and traders alike for over 10 years now and it does not seem it is going away anytime soon. The platform is user friendly, supports multiple types of orders, hedging and third-party APIs. The MT4 also provides various charting and technical analysis tools, Expert Advisors (automated trading) and a lot of other options.


Methods of payment


24stox accepts payments through bank transfers, credit and debit cards and the following online payment platforms: Neteller, Skrill, WebMoney, FasaPay and the Kuwaiti payment gateway K-net.


Conclusion


24stox is one of the hundreds similar offshore forex brokers with dubious regulation, if any. Sometimes we just wonder who needs so many such companies. Besides their owners, that is.


They all offer more or less the same average conditions, the same trading platform and similar trading instruments like many other forex brokers, so frankly we don’t see a reason to choose 24stox over another broker, especially a properly regulated one.


Pros Cons
MT4 High deposit
  Dubious regulation

 

 


Latest news about 24Stox
No news about 24Stox. Check back later.
Broker Country Regulation Platform Min Deposit Review
US CFTC, NFA MT4, Web,
in-house
$50 Review Website
US NFA, CFTC MT4 $250 Review Website
Cyprus, UK, Mauritius CySec, FCA, FSC MT4, MT5, Web $10 Review Website
Australia ASIC MT4, MT5,
IRESSTrader
$100 Review Website
Cyprus, Australia CySec, ASIC MT4, MT5 $5 Review Website
UK, Australia, South Africa FCA, ASIC, FSCA MT4, Trading
Station,
NinjaTrader
$50 Review Website
UK, Cyprus, UAE, South Africa FCA, CySEC, DFSA, FSB MT4, MT5, FxPro
Markets,
cTrader
$100 Review Website
Cyprus CySEC MT4, MT5, Web $1 Review Website
Belize IFSC MT4, MT5 $100 Review Website
Cyprus, UK, South Africa, UAE CySec, FCA, FSCA, DFSA MT4, MT5, Web $5 Review Website
Cyprus, UK CySEC, FCA MT4, MT5 $1 Review Website
UK FCA MT5 $5 Review Website
UK FCA MT4, Web, MT4
for Mac
$100 Review Website
Australia, UK ASIC, FCA MT4, MT5,
cTrader
$200 Review Website
UK, Cyprus, Dubai FCA, CySEC, DFSA MT4, MT5, Web,
PrimeTrader
$100 Review Website

Traders` reviews for 24Stox

Spread

Pros

Cons

 

 

Slippage

Pros

Cons

 

 

Requotes

Pros

Cons

 

 

Price feed

Pros

Cons

 

 

Platform

Pros

Cons

 

 

Deposit/Withdraw

Pros

Cons

 

 

Customer service

Pros

Cons

 

 

Summary

Pros

Cons

 

 

24Stox - Me robaron

Me han hecho depositar 4.000 pesos argentinos, me hicieron seguimiento muy poco tiempo para explicarme el proceso, pero cuando me exigieron más dinero y no tenía ni para vivir me dejaron.
Pedí la devolución del dinero y me han tratado mal, realmente unos estafadores.

Translated by Google:

They have made me deposit 4,000 Argentine pesos, they followed me very little time to explain the process, but when they demanded more money and I did not even have a living left me.
I asked for the money back and they treated me badly, really scammers.

liliana 08/27/2018

Scam and thieves

They use fake names, they are taking percentage out of your deposits and they most likely will lead you to losing trades once you refuse to put money in because they make money out of your losses. I lost money with them, and i know their system, but if you did deposits with the card just contact your Credit Card company to claim a charge back, whenever you make a deposit do not sign the papers they send you because those papers stops you claiming a chargeback.
They are claiming to be a Forex Broker, but they truly are a house where you are betting against them, and they manipulate the system in the same time.

Jessica 05/31/2018

$10,000 Scam

i was approached by an account manager Simon Jansen whom over a period of 6 weeks Scammed of $9,999.65 they are owned by 2 dots Limited who own several FX trading companies but its just the same company ripping off innocent people

Jeff Holden 04/23/2018

24stox is a scam!!!

Dont give them a penny, you will never get it back.

Torstein Krogh 04/11/2018

24stox is a scam!!

Their phone is closed, Anthony Conti does not answer emails and withdrawals 500 is not executed.
This is a scambroker!!!

Torstein Krogh 02/08/2018

sono dei farabutti

quando vuoi prelevare o chiudere portano azero il tuo conto e on nsi fanno piu trovare

Translated by Google:

quando vuoi prelevare o chiudere portano azero il tuo conto e on nsi fanno piu trovare

alvisi giusepe 01/29/2018

24 Stox Truffa Angelini Baldini Arthur Macleb

Questi signori della 24 Stoxs ti fanno depositare i soldi, fino a quando perdi è tutto OK.... Non appena guadagni e vuoi prelevare ti chiama il capo un certo Arthur e ti blocca il conto e non puoi più accedere e ti apre una operazione non supportata dal tuo conto....in conclusione il conto và in negativo e si brucia! Hanno truffato molte persone state attenti fate girare....

Translated by Google:

These gentlemen of the 24 Stoxs make you deposit the money, until you lose everything is OK .... As soon as you earn and want to withdraw you call the boss a certain Arthur and you block the account and you can not log in and open a transaction not supported by your account .... in conclusion the account goes into negative and burns! They have scammed many people beware of making ...

Salvo 01/21/2018

Do not trade with them.

Beware,
I have opened an account and am very unhappy, at first lots of promises from the account manager until I opened the account,than after they want you to put more money in the account and if you don't they will leave you by yourself until you loose the money.

Their support is the worst I have ever came across, write to them and they don't answer, send them my documents and not even a confirmation that it is received although I emailed them asking.....Tried to withdrawn money, and they answered a month later after I practically blew the account saying cannot withdrawn.

Stay away from these idiots.

Alfred.

Alfred Sammut 12/29/2017
de | cn | ru