Hi there people of Forex Factory.
It has been a while since i contribute anything here at Forex Factory. But i will do that now and i'll do it to warn fellow traders for a broker i have been trading with for 2 years now, Trade-24 (www.trade-24.com). I want to make this warning to all of you because the forex Industry already has a bad reputation as it is. As a retail trader we rely on the brokers who allow retail trader to trade and unfortunately there are those brokers who does not have an honest agenda. Trade-24 are one of those brokers out there that keeps the bad reputation about the Forex industry intact.
I will tell you my story in short so that you can assess for yourself whether or not you should put your hard worked money in this company or not. My suggestion however is; not. There are many brokers for retail traders out there who do make an honest job. You will be much better off at one of those.
My story in short:
It all started with a phone call, as it always does nowdays, from a man called Jack ([email protected]) that wanted me to start trade at Trade-24. I had my doubts, i sure had. Not at least due to the fact that Trade-24 was, and is not, regulated. Anywhere at all!
He called me a couple of times and well... i tought he had some good stuff to say so i opened the smallest account availible (500 USD). Soon Jack could not be reached any longer and i was assigned to Daniel Erickson ([email protected]). He became, what they call, my account manager and he stuck around for almost a year, always asking for more and more money. I decided to deposit an extra 850 USD. After all, Trade-24 was stil there and did execute my trades. But before i deposit the money i asked Daniel Erickson how safe Trade-24 really are. I confronted him with a couple of Broker Reviews found on the internet and after that he swore that what was writen in those reviews was BS and he "got offended" by my email because Trade-24 always honored withdrawals. In fact he said he should stop trading if Trade-24 one day shouldn't honor withdrawals.
So i deposit 850 USD.
I then again i got a new Account manager. This time Danny Bloomberg ([email protected]) and by now i started to get a little bit worried about all these changes of account managers so i asked Danny Bloomberg how the process of withdrawal was done. What was needed of me etc. He then got mad, asking my why i wanted to withdraw money. I got quite surprised about this and said that i could of course have my money there a little time more.
Then guess what... i got yet a new account manager. This time Justin Cohen ([email protected]). And now the problem really starts. I decided to withdraw my money. So i once again asked how to make the process to that everything would be correct. When i asked this i got as such a verbal beating by Justin Cohen that i could not believe my mind. I was not ever worth a glass of water and i should not ask for withdrawals! He ended the call by saying that he would take actions if i was to request wthdrawals again. I don't know what kind of actions since it's obvious that i can't withdraw my money anyway and that, at least for me, is the worst action a broker can make. Scaming my money.
I got no help, i have requested withdrawals for three weeks, once a day, but no money at my accounts. Not at Skrill, not at my bank account. Nothing!
It is really a sad story and sure... in hintesight it can be easy to say that i could expect this. But everything seems easy in hintsight.
Now i am sitting here, trying to withdraw my money for three weeks now and not one cent has ended up at any account that i have requested withdrawals to.
Trade-24 is defently one of those brokers who qualifies to the brokers who makes the Forex industry get bad reputation. Be aware of these!
Good piphunting to you all.
Regards /Jolimoney
It has been a while since i contribute anything here at Forex Factory. But i will do that now and i'll do it to warn fellow traders for a broker i have been trading with for 2 years now, Trade-24 (www.trade-24.com). I want to make this warning to all of you because the forex Industry already has a bad reputation as it is. As a retail trader we rely on the brokers who allow retail trader to trade and unfortunately there are those brokers who does not have an honest agenda. Trade-24 are one of those brokers out there that keeps the bad reputation about the Forex industry intact.
I will tell you my story in short so that you can assess for yourself whether or not you should put your hard worked money in this company or not. My suggestion however is; not. There are many brokers for retail traders out there who do make an honest job. You will be much better off at one of those.
My story in short:
It all started with a phone call, as it always does nowdays, from a man called Jack ([email protected]) that wanted me to start trade at Trade-24. I had my doubts, i sure had. Not at least due to the fact that Trade-24 was, and is not, regulated. Anywhere at all!
He called me a couple of times and well... i tought he had some good stuff to say so i opened the smallest account availible (500 USD). Soon Jack could not be reached any longer and i was assigned to Daniel Erickson ([email protected]). He became, what they call, my account manager and he stuck around for almost a year, always asking for more and more money. I decided to deposit an extra 850 USD. After all, Trade-24 was stil there and did execute my trades. But before i deposit the money i asked Daniel Erickson how safe Trade-24 really are. I confronted him with a couple of Broker Reviews found on the internet and after that he swore that what was writen in those reviews was BS and he "got offended" by my email because Trade-24 always honored withdrawals. In fact he said he should stop trading if Trade-24 one day shouldn't honor withdrawals.
So i deposit 850 USD.
I then again i got a new Account manager. This time Danny Bloomberg ([email protected]) and by now i started to get a little bit worried about all these changes of account managers so i asked Danny Bloomberg how the process of withdrawal was done. What was needed of me etc. He then got mad, asking my why i wanted to withdraw money. I got quite surprised about this and said that i could of course have my money there a little time more.
Then guess what... i got yet a new account manager. This time Justin Cohen ([email protected]). And now the problem really starts. I decided to withdraw my money. So i once again asked how to make the process to that everything would be correct. When i asked this i got as such a verbal beating by Justin Cohen that i could not believe my mind. I was not ever worth a glass of water and i should not ask for withdrawals! He ended the call by saying that he would take actions if i was to request wthdrawals again. I don't know what kind of actions since it's obvious that i can't withdraw my money anyway and that, at least for me, is the worst action a broker can make. Scaming my money.
I got no help, i have requested withdrawals for three weeks, once a day, but no money at my accounts. Not at Skrill, not at my bank account. Nothing!
It is really a sad story and sure... in hintesight it can be easy to say that i could expect this. But everything seems easy in hintsight.
Now i am sitting here, trying to withdraw my money for three weeks now and not one cent has ended up at any account that i have requested withdrawals to.
Trade-24 is defently one of those brokers who qualifies to the brokers who makes the Forex industry get bad reputation. Be aware of these!
Good piphunting to you all.
Regards /Jolimoney
