24News Trade
History of 24News Trade Company
The 24News Trade company was founded in 2019 and registered in Saint Vincent and the Grenadines. The company’s official website does not have a financial regulator’s license.
Multi-language Resource
The 24News Trade internet resource is available in five languages: English, Spanish, German, Italian, and Russian.
Contact Information
Contact options include a feedback form, tech support email, and phone numbers: +7-499-754-58-23 and +44-203-519-35-30.
Trading Accounts on the Platform
Basic Trading Account is available with a minimum deposit of $250. Spreads from 3 pips. Each client is assigned a personal consultant, basic training on financial markets and platform usage is provided. Maximum leverage depends on the asset type:
- 1:100 for currency pairs,
- 1:50 for commodities,
- 1:20 for stocks.
Standard Trading Account is available with investments starting from $250. Spreads and leverage for commodities and stocks are similar to the basic account, but for currency pairs, the leverage is higher at 1:500. Clients receive basic technical and fundamental analysis, training on strategies and risk management. A bonus program is also available.
Trader Account is available with investments starting from $5,000. Spreads from 2.1 pips. Leverage for currency pairs is 1:1000. Round-the-clock communication with a personal manager five days a week is promised. Users learn advanced fundamental and technical analysis, strategies, and risk management. Insurance for up to 30% of the deposit is also provided.
Investment Accounts
There are three types of investment accounts, with the simplest one available with a deposit of $25,000.
Deposit and Withdrawal of Funds
Prior to fund withdrawal, verification and confirmation of identity and fund source are required before the first deposit. Two options are supported:
- bank account,
- bank card: credit or debit.
A withdrawal request must be submitted in the personal account, then printed, signed, scanned, and attached. Requests are processed within 4-7 days. If there are bank fees, clients are responsible for payment. Withdrawals can be made not only in the account currency, but also exchanged at the broker’s chosen rate.
If the account remains inactive for 6 months, the company will start charging a 10% commission on the existing deposit for every 30 days without trading.
Conclusion on 24News Trade
The broker’s activities are not regulated. Funding and withdrawal options are limited, including the absence of modern electronic payment systems, which can be inconvenient. The broker started operating in 2019, which is insufficient for a full assessment of the company’s reliability. With such brokers, it is recommended to exercise increased caution.