Should You Trade with 24StockOptions Trade?
If the name 24StockOptions Trade sounds familiar, it’s because it’s taking a similar name to a regulated broker 24 Option. Clone broker scams are unfortunately common and are one of the trickiest. That’s because they try to deceive people into thinking they are trading with a regulated broker when in actuality, they are dealing with a similar-named imposter.
We Have Found Some Problems with 24StockOptions Trade
There are many problems with 24StockOptions Trade. They have no license, but try to draw customers away from a regulated broker. They feature automated trading. There isn’t necessarily anything wrong with automated trading, but many frauds offer this service to avoid direct connection with a broker. They can offer software and apps that can steal data. In addition, their leverage is a risky 1:800. This means they are likely to encourage their customers to trade on the margin, which can increase their losses.
Red Flags Concerning 24StockOptions Trade
- False claims
- No transparency
- Very high leverage
- Clone broker
- Negative reviews
What Should You Do If You Have an Account with 24StockOptions Trade?
We do not recommend opening an account with 24StockOptions Trade. If you do hold an account with this broker, close it right away and ask for a withdrawal of your funds. If the broker will not allow you to retrieve your funds, talk to ChargeBax professionals right away. We will investigate the matter, track down the broker and your funds, and will help you prepare your claim.