Reason to avoid: Suspended License.
Listed Date: November 1, 2018
Top 3 Regulated Forex Brokers
Beware 24TradeRush is a Non Licensed Broker. It is NOT SAFE to trade.
- Company name:
B.O. Tradefinancials Ltd. 24TradeRush.
- Registration Address/ License:
Cyprus. Suspended License and Regulatory Status from CySEC (Cyprus).
24traderush is an innovative binary option and Forex trading platform provider owned and operated by B.O. Tradefinancials Ltd, a Cyprus Investment Firm located in the Republic of Cyprus, as stated on the official website. Broker’s trading platform offers a user -friendly trading experience and allows to follow rapidly shifting trends in the financial markets worldwide, to trade Forex/CFDs and Binary Options.
Since the company is located in Cyprus, the Cyprus Securities and Exchange Commission granted B.O. Tradefinancials Ltd License and permits to provide the investment service within Cyprus and other cross-border counties in 2013, License Number 216/13. However, currently, the license is suspended by the company’s Voluntary renunciation, without its clear vision of the taking actions. (Check the status at the CySEC official website, by the link)
Obviously, the company didn’t meet the regulatory requirements, as well received negative feedback from the clients about their performance of trading conditions, thus the license gone. Yet, the 24TradeRush still offer their service, still stating their regulatory obligations and performs as if everything is legal and smooth. That’s why we always advise checking carefully the broker before any investment or deposit done if the company still comply with the requirements or even if the regulatory state is true. The regulatory agencies publish information through their official web pages, that’s why every client can easily check the status and find vast of useful information.
As it became obvious, there is no any trust to the 24tradeRush, due to their confusing statements and it is better to choose among regulated brokers either by the CySEC or any other respected authority.