Below is a detailed analysis of 24Tradex (official website: https://www.24tradex.com/) based on the requested criteria, including online complaints, risk assessment, website security, WHOIS lookup, IP and hosting analysis, social media presence, red flags, regulatory status, user precautions, and potential brand confusion.

1. Online Complaint Information ¶

• Sources: Trustpilot, Scamadviser, ForexBrokerz, ScamWatcher, Valforex, BrokersView, WikiFX, and others report significant negative feedback about 24Tradex.
• Common Complaints:
• Inability to Withdraw Funds: Multiple users report depositing funds (e.g., 74,000 AUD, 9,000 EUR, 15,000 EUR) but being unable to withdraw, with some needing to involve third-party recovery services like GalWay Reliance or MyChargeBack.
• Cold-Calling and High-Pressure Tactics: Users describe aggressive marketing, including unsolicited calls to push for larger deposits or “bigger projects” in commodities/stocks.
• Fake Profit Displays: Trades shown on their platform (via client.trading-dashboard.co) reportedly yield unrealistic profits, which disappear when withdrawal is attempted.
• Non-Removable Personal Data: Users report being unable to delete personal documents uploaded to the platform, raising privacy concerns.
• Unprofessional Support: Customer support is described as unresponsive or only active when soliciting more deposits.
• Trustpilot Rating: 2.1/5 stars (27 reviews) and 1/5 stars (4 reviews for 24tradex.co), indicating poor user trust.
• Summary: The volume and consistency of complaints across platforms strongly suggest fraudulent behavior, with users reporting significant financial losses and deceptive practices.

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2. Risk Level Assessment ¶

• High-Risk Indicators:
• Unregulated Status: 24Tradex lacks oversight from any recognized financial regulator, increasing the risk of fraud.
• Regulatory Warnings: The Spanish CNMV (November 2020) and Italian CONSOB (December 2021) issued warnings that 24Tradex operates without authorization, engaging in illegal investment activities.
• Inaccessible Website: As of April 2025, the official website (https://www.24tradex.com/) is reported as non-functional, a major red flag for operational reliability.
• Anonymous Ownership: No clear company name, address, or leadership details are provided, typical of offshore scam brokers.
• High Leverage: Offers leverage up to 1:400, which exceeds regulatory caps in regions like the EU/UK (1:30), exposing users to excessive risk.
• High Withdrawal Fees: Fees like 3.5% for card withdrawals and $30 for wire transfers are above industry norms, discouraging withdrawals.
• Scamadviser Trust Score: Low trust score for both 24tradex.com and 24tradex.co, based on server location, negative reviews, and lack of transparency.
• Risk Level: High. The combination of regulatory warnings, user complaints, and operational anonymity indicates a significant risk of financial loss and fraud.

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3. Website Security Tools ¶

• SSL/TLS Status: No current data is available due to the website’s inaccessibility. However, past reviews do not mention SSL issues, suggesting it may have had basic HTTPS encryption.
• Security Headers: Without access, security headers (e.g., Content Security Policy, X-Frame-Options) cannot be verified. Anonymous brokers often lack robust security measures.
• Malware Reports: Scamadviser and other platforms report no specific malware but flag the site for phishing risks due to its low trust score.
• Login/Authentication: Reviews mention a mandatory “Promo code” for registration, which is unusual and may be a tactic to filter victims through direct marketing channels.
• Summary: The inaccessible website prevents a full security analysis, but the lack of transparency and reported phishing risks suggest inadequate security measures.

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4. WHOIS Lookup ¶

• Domain: 24tradex.com
• Registration Details (from):
• Registered: August 19, 2017
• Registrar: PublicDomainRegistry.com
• Expiry: August 19, 2018 (likely renewed, but no updated data)
• Name Servers: ns5.garanntor.net, ns6.garanntor.net
• Privacy Protection: Not used, but no registrant details are publicly disclosed.
• Analysis:
• The domain’s age (over 7 years) is not inherently suspicious, but its short initial registration period (1 year) and lack of updated WHOIS data raise concerns.
• PublicDomainRegistry.com is a common registrar for low-cost domains, sometimes used by dubious entities.
• The absence of registrant details (company name, address) aligns with the broker’s anonymity.
• Summary: The WHOIS data is vague, lacking critical ownership details, which is consistent with scam brokers hiding their identity.

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5. IP and Hosting Analysis ¶

• Primary IP: 164.160.128.116 (as of 2017, per)
• Hosting Provider: Garanntor Hosting (via ns5.garanntor.net, ns6.garanntor.net), reportedly based in Bulgaria.
• Location Analysis:
• Bulgaria is not a common hub for reputable forex brokers, who typically operate from regulated jurisdictions like the UK, Cyprus, or Australia.
• Offshore hosting in less-regulated regions is a red flag for scam brokers.
• Server Security: No specific data on server-side security (e.g., DDoS protection, firewalls) due to the website’s inaccessibility.
• Summary: The hosting in Bulgaria, combined with the lack of transparency about server operations, suggests a low-cost setup typical of unregulated brokers.

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6. Social Media Presence ¶

• Presence: No verified social media accounts for 24Tradex were identified in the provided data or recent checks.
• Analysis:
• Legitimate brokers typically maintain active social media profiles (e.g., Twitter, LinkedIn, Facebook) for engagement and transparency.
• The absence of social media presence aligns with 24Tradex’s anonymity and reported targeting of victims via cold-calling or email rather than public channels.
• Some reviews mention 24Tradex targeting victims through social media, but no specific platforms or accounts are confirmed.
• Summary: The lack of a verifiable social media footprint is a red flag, suggesting 24Tradex avoids public scrutiny and relies on direct, untraceable marketing.

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7. Red Flags and Potential Risk Indicators ¶

• Anonymity: No company name, address, or leadership details; only a UK phone number (+44 2037 638 900) is provided, which is not registered with the FCA.
• Regulatory Warnings: CNMV (Spain) and CONSOB (Italy) flagged 24Tradex for unauthorized operations.
• Inaccessible Website: The official site’s non-functionality indicates potential abandonment or deliberate obfuscation.
• Unrealistic Promises: Claims of “100% returns” and “quick money” are typical scam tactics.
• Bonus Traps: Trading bonuses come with high minimum trade volume requirements, and 24Tradex reserves the right to alter terms, preventing withdrawals.
• High Leverage: 1:400 leverage exceeds regulatory limits in most jurisdictions, targeting inexperienced traders.
• Promo Code Requirement: Mandatory promo codes for registration suggest a selective, scam-driven model.
• Low Traffic: Alexa.com reported low engagement (1,379,050 rank), unusual for a broker claiming “10,000 satisfied clients.”
• Third-Party Platform: The MetaTrader4 platform is provided by “Algo Trade,” not 24Tradex, raising concerns about legitimacy.
• Summary: Multiple red flags, including regulatory warnings, anonymity, and deceptive practices, confirm 24Tradex as a high-risk entity.

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8. Website Content Analysis ¶

• Claims (from archived content,):
• “Founded by investors for investors” with “handpicked professionals.”
• Offers 50 forex pairs, CFDs, raw spreads, and MetaTrader4.
• Account types: Classic ($1,000 min. deposit), Gold ($10,000), Platinum ($25,000).
• Emphasizes “safe and secure” trading with “tailored solutions.”
• Issues:
• Lack of Transparency: No regulatory license, company address, or verifiable performance data.
• Contradictory Deposit Info: Minimum deposit listed as $1,000 in one section but $250-$500 elsewhere, indicating sloppiness.
• Non-Functional Terms Link: During registration, the Terms and Conditions link was broken, preventing users from reviewing policies.
• Vague Legal Reference: Mentions St. Vincent and the Grenadines laws, a common offshore haven for unregulated brokers.
• Summary: The website’s content is vague, contradictory, and lacks verifiable details, designed to lure novice traders with promises of security and profits.

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9. Regulatory Status ¶

• Status: Unregulated. No license or registration with any major financial authority (e.g., FCA, CySEC, ASIC, SEC).
• Regulatory Warnings:
• CNMV (Spain): November 16, 2020, warned that 24Tradex is not authorized to provide investment services in Spain.
• CONSOB (Italy): December 10, 2021, flagged 24Tradex for unlawful financial activities.
• Checks:
• Searches in FCA (UK), CySEC (Cyprus), ASIC (Australia), and SEC (US) registries found no record of 24Tradex.
• The UK phone number suggests FCA regulation, but the 1:400 leverage violates FCA’s 1:30 cap, confirming non-compliance.
• Summary: 24Tradex is explicitly unregulated and blacklisted by two European regulators, making it illegal and unsafe to use.

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10. User Precautions ¶

To protect against potential scams like 24Tradex, users should:

• Verify Regulation: Only trade with brokers licensed by top-tier regulators (e.g., FCA, CySEC, ASIC). Check registries directly.
• Research Reviews: Read user feedback on platforms like Trustpilot, but cross-check with multiple sources to avoid fake reviews.
• Avoid High Leverage: Be cautious of brokers offering leverage above regional caps (e.g., 1:30 in EU/UK).
• Test Withdrawals: Make small deposits initially and attempt withdrawals to verify reliability.
• Secure Data: Avoid uploading sensitive documents to unverified platforms; request data deletion if needed.
• Report Scams: If scammed, contact your bank for chargeback options, report to local authorities, and file complaints with regulators or platforms like BrokersView.
• Use Secure Channels: Ensure websites use HTTPS and have clear contact details; avoid brokers with inaccessible sites.
• Summary: Thorough due diligence, regulatory verification, and caution with personal data are critical to avoiding brokers like 24Tradex.

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11. Potential Brand Confusion ¶

• Similar Names:
• 24fxtrade.com: A separate broker with its own Trustpilot page (4 reviews, mixed feedback). Some users confuse it with 24Tradex due to similar naming.
• Trade24 / Trade 24: Flagged as unsafe by BrokerChooser, potentially confused with 24Tradex due to similar branding.
• 24tradex.co: A related domain with similar scam indicators, possibly used to confuse users.
• Tactics:
• Scammers often use similar names to legitimate brokers (e.g., Plus500, eToro) to mislead users.
• 24Tradex’s claim of “10,000 satisfied clients” and “100 million dollars invested” mimics reputable brokers but lacks evidence.
• Summary: The naming similarity with other brokers (e.g., 24fxtrade, Trade24) and vague branding may cause confusion, especially for novice traders.

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Conclusion ¶

24Tradex is a high-risk, likely fraudulent broker based on the following:

• Regulatory Status: Unregulated, with explicit warnings from CNMV and CONSOB for illegal activities.
• User Complaints: Widespread reports of fund withdrawal issues, aggressive marketing, and fake profits.
• Red Flags: Anonymity, inaccessible website, high leverage, and non-transparent operations.
• Risk Level: Extremely high, with a strong likelihood of financial loss.
• Recommendations: Avoid 24Tradex entirely. Choose brokers regulated by top-tier authorities (FCA, CySEC, ASIC) and conduct thorough research before investing. If you’ve engaged with 24Tradex and suspect fraud, take these steps:

1. Contact your bank to attempt a chargeback.
2. Report the issue to local authorities and financial regulators.
3. File a complaint with platforms like BrokersView (https://www.brokersview.com/complaint) or MyChargeBack for recovery assistance. For safer alternatives, consider regulated brokers like Plus500 or eToro, which are licensed and transparent.