Binary options are prohibited in the European Economic Area. Between 74-89 % of retail investor accounts lose money when trading CFDs.
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
At first glance, 24TradeRush might appear a legit broker. Don’t let this fool you into thinking that this is an honest broker. To start with, 24TradeRush does not even hold the license that it claims to have acquired from CySec back in 2013. As a matter of fact, CySec is after this dishonest broker for falsely advertising that they hold the license 2016/13 granted by the Cyprus Securities and Exchange Commission. In addition, it seems that BinaryTradeOption is another name previously used by 24TradeRush as they still use that name on their website. Moreover, it is operated by B.O. TradeFinancials, a company located in the Republic of Cyprus. Lastly, the fail to list on their website the exact percentage of all the traders who lose money on their platform, as instructed. Keep reading the review to find out exactly what they promise and whether they delivery or not.
At first glance, 24TradeRush might appear a legit broker. Don’t let this fool you into thinking that this is an honest broker. To start with, 24TradeRush does not even hold the license that it claims to have acquired from CySec back in 2013. As a matter of fact, CySec is after this dishonest broker for falsely advertising that they hold the license 2016/13 granted by the Cyprus Securities and Exchange Commission.
In addition, it seems that BinaryTradeOption is another name previously used by 24TradeRush as they still use that name on their website. Moreover, it is operated by B.O. TradeFinancials, a company located in the Republic of Cyprus. Lastly, the fail to list on their website the exact percentage of all the traders who lose money on their platform, as instructed. Keep reading the review to find out exactly what they promise and whether they delivery or not.
We make it our mission to not recommend anything but the best – which, according to industry experts, is FXMasterBot, a trading software that lets YOU choose the broker and also provides fast, reliable and FREE trading signals!
There is nothing special about the 24TradeRush website or platform even if you can select your trading currency in US dollars, Euro, Bitcoin or Pounds. Once you register you can use your password and username to login. Before placing any trades, you are asked to make a deposit. It does not require a minimum deposit but they kind of push you to choose between their plans that require up to $5000 deposit in order to receive the instant miner returns of 2500% for 7 days. This is a lot of money and we would never suggest to anyone to make such a huge deposit without even having the option to use a demo account to test the waters.
Their platform is not offering anything special other than the fact that you can trade binary options which are illegal in the European Union as of 2018. In addition, the platform feels and looks very old with so limited options and setting available that do not add to the trading experience. Even the whole website looks cheaply made with not enough thought into it.
There is not a live chat so any customers who wish to contact the support team should email [email protected]in case they need any help even though we advise against any contact with this broker as it screams scam. A large number of people tried to contact them when they were having issues, but they didn’t resolve any of their issues. As it seems they are only interested in getting the trader’s money and not giving anything back in return.
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Several methods are available in case someone wishes to make a deposit. They accept Bitcoin, Netteller, Money Gram, Western Union, PayPal, Skrill, Google Wallet and even Bank Wire. This is good even if they make it easy for traders to deposit so that they can make more money.
Trading with a non-regulated, dishonest broker like 24TradeRush is not recommended. There are several other options available that can enhance your trading experience so stay away and choose wisely your next broker. Trading with a regulated broker offers several benefits like education, safety and even a personal account manager in case you need guidance.
We make it our mission to not recommend anything but the best – which, according to industry experts, is FXMasterBot, a trading software that lets YOU choose the broker and also provides fast, reliable and FREE trading signals!
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The website does not provide investment services or personal recommendations to clients to trade any financial instrument. Information on FairForexBrokers.com should not be seen as a recommendation to trade CFDs or cryptocurrencies or to be considered as investment advice. FairForexBrokers.com is not licensed nor authorised to provide advice on investing and related matters. The potential client should not engage in any investment directly or indirectly in financial instruments unless (s)he knows and fully understands the risks involved for each of the financial instruments promoted in the website.
In case the potential client does not understand the risks involved, he/she should seek advice or consultation from an independent advisor. If the potential client still does not understand the risks involved in trading in any financial instruments, he/she should not trade at all. Potential clients without sufficient knowledge should seek individual advice from an authorized source. In accordance with FTC guidelines, FairForexBrokers.com has financial relationships with some of the products and services mention on this website, and FairForexBrokers.com may be compensated if consumers choose to click these links in our content and ultimately sign up for them. CFDs and cryptocurrency trading entails significant risks and there is a chance that potential clients lose all of their invested money.
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