Caution! 24analyticfx is an offshore company! Your funds may be at risk.
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24analyticfx Key Facts
🔴 24analyticfx offers questionable investment opportunities – a clear sign of a scam!
🔴 24analyticfx forges crucial contact information – beware!
🔴 24analyticfx lacks a license for the provision of its services – a huge red flag!
🔴 24analyticfx’s domain has been registered only recently – another off-putting detail!
24analyticfx products and services
24analyticfx is yet another online fraud scheme that relies on its victims investing with the sham company under false promises of untold returns on their deposits – 24analyticfx claims it can achieve interest rates of 30% daily, which is not possible for any company out there to reach.
People should always be cautious when dealing with businesses offering enormously high yields because it’s scammers’ trait to promise big and create unrealistic expectations. In reality, regulated financial companies cannot secure more than a few percents annually with their fixed-income products. There is a huge discrepancy between these offers and the regulated companies standards. Judging by the products and services they sell, we suspect it’s a scam, so beware.
24analyticfx company and regulation
24analyticfx is not a licensed company – in fact, a license is not mentioned even once on its website, which does not mean that we somehow won’t expect the company to hold one – this lack of regulation is quite the red flag.
The US financial services regulation is very complex in the USA. Derivatives markets regulation is a responsibility of CFTC and NFA. Forex brokers and most of the investments companies have to be NFA members and CFTC registered to operate in the USA. On the other hand, securities markets are controlled by the SEC, a government independent agency responsible to maintain the integrity of the financial markets.
While SEC focuses more on the procedure regulation insisting on financial reports and management discussion and analysis, NFA and CFTC impose pretty straightforward requirements. To become authorised the companies have to provide 20 million USD in paid-up capital, which is considered a guarantee that the businesses can survive in turbulent times and pay whenever they have to.
Other customer protection measures include clients’ accounts segregation and leverage restrictions for forex brokers- 1:50. Also, CFTC brokers’ clients are not allowed hedging, which is one of the very unique US features. Unfortunately, the cryptocurrencies regulation is still inept, so traders and investors should be wary when dealing with crypto offers.
24analyticfx address and contacts
24analyticfx provides is with the following address: 3031 Tischway Ste 80 San Jose CA 95128. Now, even if the company were licensed to deal in the States, we would not buy for a second that it does so under this particular address – other scammers have used it in the past. Here are the ones we have reviewed:
Transparency is crucial when talking about brokers and investment companies, and it’s part of the regulatory framework. The regulated companies are open to financial authorities following certain transparency rules, so it’s generally unlikely to conduct fraudulent activities. They are also bound to provide the public with crucial information about themselves, making it easy for traders and investors to confirm the company’s legitimacy.
24analyticfx website info
24analyticfx operates on quite the recent domain – one that was registered in January 2021, making it less than three months old at time of writing. Add to that the fact that SimilarWeb does not list the domain due to low traffic, and it is obvious that 24analyticfx displays the two most common scam signs.
Another off putting detail is the fact that the company’s owners have concealed themselves from WhoIs lookups, and have thus breached the principles of transparency once more.
Finally, the domain is hosted on the 184.108.40.206 IP address – one that is well-known to us as the home of over 30 scam domains. Here are the ones we have reviewed so far:
We paid utmost attention to the regulation and transparency in the sections above because it’s mandatory for trading and investments. Pretty much each company offering financial services have to be authorised by the local financial authority.
However, some entities operate unlicensed and intentionally run investment fraud. It would be best if you only dealt with companies authorised by the regulators, so always check to make sure they are. Bear in mind that if you trade with unauthorised businesses, you won’t be protected, so it’s very likely to suffer losses almost impossible to recover if things go wrong.
Online scam is trending nowadays with fraudulent websites popping up literally every day. The financial authorities increase the number of warnings issued year after year, but the dangers are still out there and growing exponentially. You’ll realise the hazards when you consider OneCoin scam- it’s still impossible to calculate the total loss, but it’s regarded as 15 billion worth fraud. Make sure to trade with licensed and regulated companies to avoid off-putting losses.