Previously, ForexTraders.com stated that Trade24 should be avoided.
We now have an update and have downgraded this from “Avoid” to “Caution.”
***UPDATE 2 FEBRUARY 2017***
We have spoken with Trade24 upper management and feel that they are doing their best to resolve past issues and mend their tarnished reputation. They are currently seeking CySEC regulation and once they receive that regulation we will post an updated review of their platform and brokerage.
In the meantime, we still suggest caution- especially if you are in UK as they are not FCA regulated. But they are doing MUCH better and their customer service is on top of it.
Furthermore, our communication channel with Trade24 has been re-connected and we are able to reach out to them to verify that issues are being resolved, If they have any notices we will be able to communicate those to our visitors and if there are comments on their review page (or the below article page) we can notify them so they can address the issues as they arise.
In regards to the statement that was placed on the Trade24 website stating they have IFSC regulation when they do not… this falst claim was immediately removed and the responsible party was terminated.
It’s good to see that Trade24 is working to make ammends and build back their reputation. They still have a ways to go, but CySEC regulation, should that come through, will go a long way towards that happening in our opinion. Please check back here and if there are any other updates we will post them as they come available.
In the meantime- please continue to post any comments, complaints, or praises (as long as you do not work for Trade24 or a competitor!) for Trade24 and we will do our best to encourage open communication between Trade24 and our visitors.
Forextraders' Broker of the Month
ForexTB is generally considered a reliable and reputable firm. It offers a variety of desirable features and attracts traders from all over Europe. The brokerage is fully regulated and licensed by the Cyprus Securities and Exchange Commission (CySEC) and is fully compliant with the European Securities and Markets Authority (ESMA). Customer reviews are usually positive, and independent industry websites that have reviewed ForexTB have concluded that the broker is safe...