This Trade Room 24 Review will reveal some warning signs that indicate this broker might be fraudulent.
Website: https://www.traderoom24.com/
Website Availability: YES
Official Address: Rue de Lausanne 15 Cornavin Station Geneva, GE, 1201, CHE
Regulation: Unregulated
Warned By: Swiss Financial Market Supervisory Authority (Switzerland)
Domain Status:
Domain Name: traderoom24.com
Registry Domain ID: 2818948664_DOMAIN_COM-VRSN
Registrar WHOIS Server: whois.godaddy.com
Registrar URL: https://www.godaddy.com
Updated Date: 2023-10-03T12:02:41Z
Creation Date: 2023-10-03T12:02:40Z
Registrar Registration Expiration Date: 2024-10-03T12:02:40Z
What is Trade Room 24?
Trade Room 24 presents itself as an online Contract for Difference (CFD) broker in Switzerland. They supposedly offer various trading products, including forex, cryptocurrencies, and other instruments. However, a closer look raises serious concerns.
Trade Room 24 Broker is Warned by FINMA
The Swiss Financial Market Supervisory Authority (FINMA) plays a critical role in protecting traders and investors. A critical red flag is that FINMA has issued a notice against www.traderoom24.com. This suggests FINMA believes Trade Room 24 might be offering financial services without authorization.
Why is FINMA’s warning significant? Regulation exists to protect investors. Without regulatory oversight, your funds could be at risk.
Trade Room 24 Broker Fraudulent Activities
Beyond the lack of regulation, there are additional reasons to be wary of Trade Room 24.
- Missing Information: Legitimate brokers offer clear information about their company, regulations, and fees. Trade Room 24’s website seems to lack transparency in these areas.
- Promises of Guaranteed Returns: No broker can guarantee returns. If Trade Room 24 makes such claims, it’s a strong indicator of a scam.
- Unrealistic Profits: Be cautious of brokers who promise unrealistic profits or “get rich quick” schemes.
Here’s the final thought:
Trade Room 24 raises significant red flags and appears to be a scam. The lack of regulation, FINMA’s warning, and a general lack of transparency are major concerns. Before investing, choose a regulated and reputable broker to protect your hard-earned money.
Be aware of schemes like Forex Trading Deceptions, Cryptocurrency Cons, Internet Dating Scams or Romance Fraud, Pump and Dump Tactics, Ponzi Schemes, Investment Deceptions, Fake Trading Platforms, Phishing Attacks, Robo-Advisors Deceptions, and Binary Options Deceptions.
If you have already fallen victim to Trade Room 24 fraud, take quick steps to recover your money. While the process can be tough, patience and completing the proper steps can improve your chances of receiving your money back from Trade Room 24.
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Note: The Trade Room 24 review is influenced by some existing reviews online and we have created original review based on known facts. We are not responsible for any legal actions taken by any entity favoring Trade Room 24 company.
