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D24FX Review - Is it scam or safe?

D24FX Review - is d24fx.com scam or good forex broker?

RATING: 1.7 / 5 REVIEWS D24FX
D24FX is an offshore broker. Your money is not safe.

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Trading Accounts & Conditions

 

Account type Minimum deposit  Minimum trade size Maximum leverage Spreads
Micro $250 1 1:200 From 0.2 pips
Standard $500 1 1:200 From 0.2 pips

  

Clients of D24FX are offered a choice several account types – Micro and Standard one (listed above), as well as Gold & Platinum for those who are ready to deposit more funds ($5 000), and an Islamic (swap-free) account. We did not include those in the table above, as we would not advise you to invest a lot of money with this broker, as it is registered offshore. All account types offer variable spreads, commission-free trading and maximum leverage up to 1:200 on the Sirix trading platform.

 

Such leverage levels are considered average for the forex sector. The minimum initial deposit of $250 required is also typical, however most unregulated offshore brokerages (like D24FX) require less. What is more, many leading duly licensed companies have set no minimum amount for account opening – IG, CMC Markets.

 

As regards the cost of trading, D24FX claims it does not apply commission fees and when we tried out the demo web platform the spread on the EUR/USD was 0.2 pips. Too good to be true. Indeed, the demo account is not functioning properly. When we open a position, none of the indicators are working (Profit/Loss, Commission, etc.). We contacted the customer support, but no one bothered to reply.

 

Another thing worth mentioning is that we could not open a position with size less than 100k. So, there are no micro tradeable lots with D24FX.

 

The Company. Security of Funds

 

Company

Country

Regulation

24 Global Media LTD

Marshall Islands

N/A

 

D24FX offers trading in around 30 currency pairs, commodity, stocks & index CFDs, as well as Bitcoin. The company behind the brand, 24 Global Media LTD., is registered in the Marshall Islands. 

 

Companies registered in Marshall Islands just need to complete a simple registration procedure and don’t face any of the strict requirements that brokerages regulated in UK or Australia do. To put it simply, doing business with such brokerages, traders will be receiving very limited regulatory protection and oversight, if any.

 

These things, as well as the irresponsive customer support and insufficient information about trading conditions, prompt the advice to avoid this broker.

 

Trading Platform

 

D24FX offers its customers Leverate’s Sirix platform, available as desktop, web and mobile versions.

 

This platform has a user-friendly interface, advanced charting tools and provides fast execution and built-in social trading service, allowing traders to observe and mirror other users’ trading performances.

 

 

Methods of Payment

 

D24FX offers its clients the following payments methods: bank wire transfer, credit/debit cards, Skrill, PayPal, Neteller, WebMoney and CashU.

 

Conclusion

 

D24FX is an offshore brokerage that supports the Sirix trading platform. Our main concern with this broker is the fact that it is not regulated. Besides, the information on trading conditions on its website is insufficient and the customer support – irresponsive. To sum up the above:

 

Pros Cons
Low spreads Not regulated
Sirix platform available Insufficient information on website, irresponsive customer support
  No micro tradeable lots, no MT4, no functional demmo accounts

 

Latest news about D24FX
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Traders` reviews for D24FX

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

 

 

D24FX Major Fraud

Beware. My wife has been defrauded by this company. Jan 2018 we have opened a VIP account and invested £234,000. We continue to trade and our final balance was £630,000. All our request to withdraw have not been met. Every time we get excuses that involve paying extra commissions or fees. The money was withdrawn from our account. Yet no payment has ever reached us. We had no response from them to countless emails, messages and phone call. We are currently pursuing legal action. We are finding out everything about them is fake.

Mohammed Alrabeh 05/12/2018

They are scam

They took my money from me on the pretext that they would win me money, but unfortunately I discovered that they were parallels, so please do not deal with them because they are equa
يوسف اسلام حرامي كبير بليز لا احد يصدقه لا ذمه ولا ضمير وانا عم ادعي عليه وعلي أهله والي نصب علي بالمبلغ يصرفهم علي أهله وأمه وابوه
حسبي الله ونعم الوكيل المبالغ ٢٦٥٠٠ الف دولار منهم لله هالشلشركه النصاب

Hanaa 03/22/2018

D 24 FX is a fraudulent company

D 24 FX is a fraudulent company that manipulates customers - there is a license, a trading platform and an account balance. When I ask to withdraw any money from my account they extort me - even the trading platform I can not work it
I sent a complaint dated 20/08/2017 and did not reply - how they complained about this company

gamal hassan 12/18/2017

D24FX Return of Fund

I have requested return of my funds since 4 months and I have been given a run around since then. The company has requested KD2000 as processing fee, which I have sent on 21 August 2017 and was received by the Company. BUT UNTIL NOW, I STILL DO NOT HAVE ANYTHING!!!!! The agents are not answering the phone as they had when they were asking for money. When they did, they are asking for another KD 1000!!!!
I NEED MY MONEY BACK URGENTLY.

Fatemah Sahlool 09/25/2017

D24FX complaint

After greeting

Submitted to your Excellency Gamal Abdulmahti Hassan Abdulmatti - from small investors - against the financial managers of my portfolio and the subordinates of D24FX license number 40085 and licensed by Global Media Investment Limited and licensed by the supervision and licensing in Fano Atto and against D24FX

The two mentioned did not take into account their professional conscience and did not observe the Secretariat and you are keen on the investor's interest and confidence and also heard by your company

On June 28, 2017, I was contacted by Yusuf Ahmed Aslam, the portfolio manager, who told me that my portfolio won $ 80000. I asked him to sell the deals but he refused on the grounds that if I converted him to 5000 Saudi riyals, I would win $ 100,000. But I did not know the reason, and I asked to hear the conversations between me and him and I have the messages sent from him. Then he sent me a service agreement on 01/07/2017. He asked me to transfer the equivalent of 2500 dollars. If you transfer the money, he will pay me 25,000. $ 11 am Saudi Arabia and you have transferred $ 2500 and did not implement its agreement

And then bought a deal of gold 1500 ounces - transaction number 461 on 04/07/2017 at 17.00 ?? The price was changed to 1215 and the purchase price was changed to 1320. They manipulated, plotted and deliberately lost to me. He dialed from (00447487768547)

I confirm that I did not get the opportunity to trade on a test platform and confirm that the portfolio manager named Dr. Yusuf Ahmed Islam did not train on the pilot platform, but explained to me some of the principles of the initial market without going into how to trade on the platform and was deliberate and filled me how to support the account because in There are threats and there are calls between me and him and messages and messages. I trusted him on the wallet and I was involved in any decision but he acted alone without my knowledge and taking deals

On 18/07/2017 Anan Saad, the account manager for my portfolio, told me, "Will Dr. Mohammed Al-Asmar be with you from portfolio management and risk?" But Dr. said that he was from the Supervisory Board for investors and came to investigate the complaint against Yusuf Ahmed Islam, the manager of my portfolio and his accounts of excesses and non-observance of his conscience and the lack of observance of the secretariat and the loss of my loss and I closed my account and became the balance of my account (207000 dollars) and to be transferred to me (10000 riyals). When I asked him to prove his personality, he did not respond and asked him to write me the e-mail. He said he left the file and returned to the company again. He called me from (00447983581966), and as far as I know, the calls are recorded and can be heard. ? If they are already registered

On 20/07/2017, another time, Annan Saad, the account manager of my portfolio, called again and said that the file was returned to him again and the account was opened. The transaction appeared again on the platform at 1111 at 1215 (sale). He asked me to transfer a sum of 8000 riyals. On Thursday, 20/07/2017, he will transfer $ 30000 to $ 40,000 on Friday 21/07/2017. There are calls with him and I have Whatsapp messages and I have transferred the required amount and no money has been transferred. How to circumvent and manipulate the platform in this way Contact number (00442036775581)

On 01/08/2017, Anan Saad sent me Watsab's messages and said that he left the company and that he wanted to help me and to save me from the deal if I converted him (10,000 riyals) he would transfer (120,000 dollars) because with the password I asked him how you left the company.
He said that the company deliberately booked the transaction in my account because they benefit from it in the case of profit or loss and I have an email and messages Whatsapp

And images of the transfers and images of the platform in various cases - for more than a week did not contact me and did not respond to any of them Is this company actually obtained licenses from you and that these licenses are valid and in pictures

GAMAL A HASSAN 08/20/2017
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