de | cn | ru

24StockCapital Review - is it scam or safe?

24StockCapital review - Is 24stockcapital.com scam or good forex broker?

RATING: 1 / 0 REVIEWS 24StockCapital
24StockCapital is an offshore broker. Your money is not safe.

RECOMMENDED FOREX BROKERS


24StockCapital claims to be a fully certified and licensed company based in the US, which offers binary options, CFDs and bitcoin investment opportunities to clients both in the US and Europe. The story, however, is different. 24StockCapital is virtually an anonymous website, not regulated by any official financial authority, which most probably is involved in scam. For further details please check the following review.

 

24StockCapital  Advantages:

 

Supposedly a wide variety of trading instruments

 

We always start our reviews with the advantages about the broker. With 24StockCapital this is pretty hard as the information on their website is scarce and they do not offer a demo account to check their treading platform. Still we will take it on their word that they are offering both binary options and CFDs on a variety of crypto coins,  ETFs and stocks. In any case, here you may also check our list of brokers trading with Bitcoins CFDs:

 

>>Bitcoin Forex Brokers<<

 

24StockCapital Disadvantages:

 

 

Not regulated 

 

24StockCapital has a contact address in the US and claims to be fully licensed and certified there. However, it turned out 24StockCapital is not certified by the U.S. Securities and Exchange Commission (SEC) nor it is a member of the National Futures Association (NFA) as all licensed brokers in the US should be.

 

Just have in mind that the regulatory regime in the US is extremely strict and that all brokers licensed by SEC and NFA should maintain at all times a minimum operational capital of no less than 20 million USD.

 

Other reliable regulators for example are the Financial Conduct Authrity in the UK, the Cyprus Securities and Exchange Commission (CySEC) and the Australian Securities and Investments Commission (ASIC) so our general advice is to deal only with brokers regulated by some of them.

 

No demo account

 

24StockCapital does not offer a demo account, so we were no able to try their trading platform and check their spreads. In any case here you may take a look at our list of brokers offering tight spreads: 

 

>> Lowest spread forex brokers<<

 

And besides, the link to 24StockCapital Terms and Conditions was not functional so we were not able to check their legal agreement either.

 

MasterCard, VISA and Skrill not accepted as payment methods

 

24StockCapital says to be accepting payments with credit cards like VISA and MasterCard. However, when we opted to deposit funds, it turned out the only available options are Western Union, Money Gram, bank wire, bitcoins and ethereum.

 

 

The fact that 24StockCapital is not accepting credit card payments is notable, because recently both VISA and MasterCard extended the period in which you will be allowed to file for a charge back to 540 days. On the other hand with Western Union and Money Gram you do not have an option for a charge back at all, and besides all payment methods that 24StockCapital  accepts are pretty anonymous.

 

And Skrill is also not available. Note that the company adopted a new anti scam policy as well, according which it services can be used only by brokers with legit licenses. As we mentioned 24StockCapital does not have a license at all.

 

MetaTrader4 not supported 

 

Actually we are not even sure if the web site offers a trading platform. In any case they do not support the MetaTrader4 platform, which has been basically the most reliable and widely used trading solution on the market for the better part of the last decade. 

 

MT4 has many advantages, including the excellent charting tools, the numerous market indicators and the option to run automated trading sessions with the help of specially designed, customizable trading robots – the so called Expert Advisors. So here you may also check our list of brokers offering the MetaTrader4:

 

>>MT4 Brokers<<

 

No information about the minimum deposit

 

That is another negative point. Nowhere in their presentation we found information about the minimum deposit requirement. Have in mind that most brokers require an initial deposit of about 250 USD, while some big well established companies like FBS and IG do not have a minimum deposit requirement at all.

 

Conclusion:

 

As we noted 24StockCapital is basically an anonymous website, which falsely claims to be licensed to operate on the US market. Trading with unregulated companies has always been extremely risky so be sure to deal only with properly licensed brokers certified by financial institutions such as FCA in the UK, CySEC in Cyprus or ASIC in Australia.

Latest news about 24StockCapital
No news about 24StockCapital. 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, Belize CySec, FCA, IFSC MT4, MT5, Web $10 Review Website
Cyprus, Australia CySec, ASIC MT4, Web,
Mobile app
$100 Review Website
Australia ASIC MT4, MT5,
IRESSTrader
$100 Review Website
UK, Cyprus, Australia FCA, CySec, ASIC MT4, MT5 $5 Review Website
UK, Australia FCA, ASIC 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
Australia ASIC MT4, MT5 $100 Review Website
UK FCA MT4, Web, MT4
for Mac
$100 Review Website

Traders` reviews for 24StockCapital

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

 

 

de | cn | ru