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Another scammer from the high-risk offshore jurisdiction of the Comoros Islands, or a safe trading platform after all? Trade24Seven presents itself as a reliable partner for trading on global markets, but in this review, we will prove that this is far from the truth.
The official website looks unprofessional. The broker shares very little information about itself. The “About Us” section contains no details whatsoever about Trade24Seven’s operations. Instead, it provides instructions on how to file a complaint with MISA. In other words, the firm immediately suggests that clients learn how to submit a complaint instead of telling them about its years in business, brand history, business model, or other aspects of its activity.
The site’s menu is primitive and empty. Sections like “About”, “Accounts”, and “Markets” exist only for show. Inside, there is a minimum of specifics. There are no detailed specifications for the instruments, no tables with actual spreads, and no transparent information on commissions or withdrawal terms.
The content on Trade24Seven’s site is another story entirely. Plenty of words, but not a single fact that would actually help a trader make a decision. Everything is written in typical scam-broker style: “We are the best”, “Trade without problems”, and “Access global markets”. No evidence, no platform screenshots with real quotes, and no top-tier licenses.
The images on the site are flashy yet blatantly cheap. Cliché photos of smiling people with laptops, drawn charts, and smartphones with green candlesticks — this is the standard set for low-grade broker scams. Such pictures can easily be found online.
In short, this is yet another cheap, template-based site with minimal value. Serious companies would never allow themselves to do something like this. Still, a few positive aspects can be noted: seven languages are available, and a complete set of legal documents is placed in the “Legal” section.
The broker offers several communication channels: email, a contact form, and social media. However, there is no phone number, which is not particularly important these days.
Trade24Seven also has not integrated an online chat, even though it is the most convenient way to message support and quickly resolve issues. Social media pages have few followers, which indicates a lack of client interest. Support via messengers is also absent.
Trade24Seven offers clients four account types:
The accounts differ only in additional services. For example, the Gold and VIP accounts include the “Full account review” service, which the first two do not have. No other differences were found, which is suspicious. Leverage is up to 1:400 across all accounts, “all assets” are available; margin call is at 100%; stop out at 20%; the minimum trade size is 0.01 lots, and the maximum is 50 lots. Support is free for all.
What immediately stands out is that spreads are not disclosed at all. Instead of actual numbers, there is the marketing phrase “tight spreads”, which means nothing.
Another point — Trade24Seven claims there are “no commissions” on trades. For a beginner, this may sound attractive, but in reality, it is a bad sign. Brokers without commissions typically earn mainly from widened spreads or, worse, by using the B-Book model, where they act as the counterparty to your trades and profit from your losses. This is the classic conflict of interest: the more you lose, the more they earn. Serious licensed brokers have a transparent business model, and clients always understand what they are paying for. Here, it is hidden behind pretty words.
As a result, we have a situation where the trading conditions are presented in a simplified and incomplete manner. There is no clear information on commissions, no transparent spreads, and no data on liquidity or quote providers. This means that a trader simply does not understand the terms they are trading under until they start losing their deposit.
The broker looks highly suspicious. To reach a verdict on the company, we need to check its licenses, legal data, and other aspects of its operations.
On its website, Trade24Seven states that it is operated by Delcamp Global Markets Inc., registered and licensed in the jurisdiction of the Comoros Islands (Mohéli) by the MISA regulator. We checked the official MISA registry — yes, such a company is indeed listed among brokerage organizations. License No. BFX2024041 was issued on March 15, 2024, with the status “Active.”
However, here is the problem — regulation by MISA gives clients virtually no guarantees. It is an offshore regulator that is not a member of any international financial association and does not adhere to strict standards like the FCA (United Kingdom), CySEC (Cyprus), or ASIC (Australia). MISA does not oversee the safekeeping of client funds, does not monitor trades in real time, and has no compensation mechanism in case of disputes. In fact, securing capital protection or recovering funds through such a regulator is impossible.
Next, we should note the company’s age. The domain trade24seven.com was registered on July 3, 2024. The MISA license appeared on March 15, 2024. This means the project is just over a year old. For a broker, this is a critically short period — there is no proven track record, no established reputation, and no demonstrated experience in serving clients.
Experienced traders understand that a young offshore company with a “tick-box” license is a high risk. Such projects often appear, collect deposits, and disappear before they even build a name for themselves. This broker lacks everything reliable market players have: decades of operation, top-tier licenses, tested withdrawal mechanisms, and public reporting.
There are relatively few reviews about Trade24Seven, even for a company that is only one year old. However, this is not the biggest drawback. There is a more serious issue — almost all comments are positive, which is strange given that we are dealing with an unreliable company with hidden terms. We read these reviews and concluded — they are fake. The broker publishes fabricated positive feedback to create the image of a safe and popular intermediary. These comments contain no evidence that the platform consistently pays out profits.
It is no surprise that the company only appears on the surface to be reliable and attractive for trading. In reality, everything is bad: there is no serious regulation, a short operational history, a clear interest in client losses, and many other red flags. The verdict is simple: we do not recommend cooperating with Trade24Seven.
A Trade24Seven superou minhas expectativas. A plataforma é rápida, intuitiva e muito fácil de usar. Tudo funciona de forma clara e eficiente. Excelente experiência até agora.
My advice to all traders and investors — DO NOT RISK YOUR MONEY! This is a fraudulent broker that will gladly take your funds but will not return them. I have already fallen victim to scammers from the Comoros. Ninety-nine percent of all companies based there are fake. You will waste your time, your nerves, and, most importantly, your money. Do not fall for scammers. This does not matter what they promise. Do not trust these anonymous fraudsters!