Belize’s regulator, the International Financial Services Commission (IFSC), has published a warning that the TRADE24 Investments Ltd. forex broker is falsely claiming it has a Belize license.
Furthermore, the IFSC notes, the Licence No. IFSC/60/350/TS/15-16 carrying its name and purporting to be signed by Mrs. Neri J. Matus, the Director General of International Financial Services Commission of Belize and published on the broker’s site – www.trade-24.com – is a complete forgery.
“We confirm that “TRADE24 Investments Ltd.” is not licensed by the International Financial Services Commission of Belize or any other competent authority in Belize to engage in any type of trading business,” the regulator said and urged all persons concerned to take note and exercise extreme caution.
According to its website, the broker was established in 2007 in Switzerland and has offices in Zurich, London and Paris. It claims it has a license for trading in financial and commodity-based derivative instruments and securities and is regulated by the IFSC.
Trade24 offers trading in forex, CFDs, stocks and commodities via the MetaTrader 4 platform. Its site has versions in English, Polish, Bulgarian, Arabic, French, Russian, Spanish and German.
A quick SMN check revealed that there are several discussions and complaints that Trade24 is a scam broker and traders cannot withdraw their funds.