About the History of 24News Trade Company
Established in 2019 and officially registered in Saint Vincent and the Grenadines, the 24News Trade company operates as a trading platform. It is noteworthy that the company’s official website does not display a financial regulator’s license.
Multi-language Platform Resources
One of the key features of 24News Trade is its availability in five languages: English, Spanish, German, Italian, and Russian, catering to a diverse user base.
Contacting 24News Trade
For any inquiries or support needs, users can reach out through various channels including a feedback form, tech support email, and phone numbers: +7-499-754-58-23 and +44-203-519-35-30.
Discovery of Trading Accounts
Exploring Basic Trading Account: With a minimum deposit requirement of $250, clients gain access to spreads from 3 pips. Each client receives personalized guidance from a dedicated consultant. Leverage varies based on asset type:
- 1:100 for currency pairs,
- 1:50 for commodities,
- 1:20 for stocks.
Unlocking Standard Trading Account: Starting from a $250 investment, clients get similar spreads and leverage for commodities and stocks as the basic account. However, the leverage for currency pairs increases to 1:500. Traders receive fundamental and technical analysis, strategic training, and risk management insights. A bonus program is also available.
Engage with the Trader Account: Clients looking to invest a minimum of $5,000 gain access to spreads from 2.1 pips with a leverage of 1:1000 for currency pairs. Enjoy direct communication with a personal manager throughout the trading week. Advanced training on fundamental and technical analysis, strategies, risk management, and deposit insurance up to 30% are provided.
Exploring Investment Opportunities
24News Trade offers three tiers of investment accounts, with the basic option requiring a deposit of $25,000.
Deposits and Withdrawals Made Easy
Prior to initiating any fund withdrawals, users must complete verification and confirm their identity and funding source, especially for initial deposits. Two primary withdrawal options supported are:
- bank account,
- bank card: credit or debit.
Once a withdrawal request is submitted via the personal account, it must be printed, signed, scanned, and attached for processing. The withdrawal process typically lasts 4-7 days. Any bank fees incurred during withdrawals are the responsibility of the clients. Additionally, withdrawals can be processed in the account currency or exchanged at the broker’s rates.
If an account remains inactive for a period exceeding 6 months, the company reserves the right to initiate a 10% commission on the existing deposit for every 30-day period without any trading activity.
Insights on 24News Trade
Operating without regulatory oversight, 24News Trade provides limited funding and withdrawal options, lacking modern electronic payment systems. The company commenced operations in 2019, hence, a comprehensive assessment of its reliability may be premature. Users are urged to approach such brokers with increased vigilance.
This review has been prepared by the specialists at ExpertsReview.