Trade24 – High Risk Bitcoin Crypto & Forex Trading CFD Investing Brokers?
Trade24 is an online bitcoin trading platform that promises to help you trade bitcoin and “make huge profits”. Find out how it works today in our review.
What is Trade-24.com?
Trade-24.com, or Trade 24, is a forex trading platform that just recently launched cryptocurrency trading. Today, you can trade forward contracts, bitcoin pairs, currency pairs, commodities, and CFDs over the platform.
At the official Trade-24.com website, the company encourages you to trade bitcoin and “make huge profits”. The bitcoin page is accompanied by a simple signup form, with limited other information available.
How Does Trade-24.com Work?
Trade-24.com provides a wide range of forex investments, each of which has its own signup page. However, no matter where you sign up, you’ll be moved through a similar process:
Register with the website by providing your name, email address, and phone number
You can choose to open a “Real Account” or a “Demo Account” from the next page. If you open a Demo Account, you can practice trading on the Trade 24 platform. If you open a Real Account, you’ll gain access to online trading courses, trade signals, and individual assistance from your personal account manager.
Fund your account. Trade-24.com accepts deposits up to $1,000. The company also claims to “insure your money from losing” (yes, that’s the wording on the official website). You can deposit money using VISA, MasterCard, or Skrill.
You can begin trading over the Trade-24.com mobile apps or through the browser portal. In addition to offering bitcoin trading, the company offers commodities trading, forward contracts, options trading, and more.
Trade 24 Features
Trade 24 offers many of the same features you expect to see on a forex trading platform. You can trade foreign currency pairs and CFDs over the platform. Trade24 also offers commodities, cryptocurrencies, and stocks. You can trade forward contracts, including closed forward contracts, open forward contracts, and non-deliverable forward contracts.
All trading is performed over the Trade24 platform, available online or over your mobile app.
Meanwhile, the Forex Academy offers basic training in how to make money in the currency trading space. You can read articles about basic and advanced trading concepts, for example, fundamental and technical analysis of currency pairs, and trading tips and tutorials videos from experts.
- Stocks: Apple, Facebook, Tesla, and more
- Commodities: Gold, Oil, Silver, and Sugar
- Currency Pairs: EUR/USD, USD/JPY, AUD/CAD, and more.
- Index Trading: NASDAQ, DAX, FTSE
- ECN Access: Gain EN access to the forex market using MetaTrader 4, SIRIX, and Signal Trader.
- Platforms: Available on desktop and mobile (through the Trade 24 app)
- Access: 24 hours a day, 5 days a week (client transactions are processed by international banks like UBS and HSBC)
Trade24 may look brand new, but the website has been active since 2009. Trade 24 Investment Ltd. is incorporated in the Republic of Seychelles, with a main headquarters in London, UK. The company also claims to maintain offices in Paris and Switzerland. Although the company is incorporated in the Seychelles, it is not regulated by any governing body.
Note: the website’s “About” page claims the site was established in 2007, and claims the headquarters are in Zurich, Switzerland. The LinkedIn page claims the company employs between 51 and 200 employees.
Trade-24.com is a forex trading website that doesn’t seem much different from any average forex platform. The site features spelling mistakes and poor grammar. Sentences like “we insure your money from losing” don’t exactly give us confidence – especially when the company is expecting you to deposit money into the platform. Meanwhile, the website is filled with vague, general information about forex trading. Still, they have nearly a decade of experience in the foreign exchange market – so they’re obviously doing something right.
Ultimately, we see little reason to choose Trade-24.com over one of the larger forex trading platforms. However, it may be a good alternative trading platform if you’re looking to get away from the big forex brokers. Nevertheless, if you’re interested in cryptocurrency and bitcoin trading specifically, there are better options available.