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1. The Promise That Drew People In

It starts like many scam broker stories do — a friend or an ad tells you about a company called 24xFOREX. According to its site, they’re a cutting-edge forex broker. Big promises: “expert support,” “unlimited profit potential,” and “your financial future optimized.”

Some people were told they had to invest just a few hundred dollars to get started — “a small test deposit,” they said. Others claim their “account manager” pressed them to deposit more and more. The sales pitch sounded real, credible, and caring. That’s how 24xFOREX lured many of its victims into the trap.

But behind the friendly voice and clean user interface, a darker reality took shape — one that regulators, user complaints, and independent reviewers have repeatedly flagged.

2. Regulatory Red Flags: No Real License, Real Risk

One of the first major indicators that 24xFOREX could be dangerous: it’s unregulated in the ways that matter.

• BrokersView explicitly lists 24xFOREX as unauthorized, saying it is flagged by regulators including the UK’s FCA, Belgian FSMA, and Spain’s CNMV.

• The FSMA (Belgium) included 24xFOREX in a public warning bulletin, labeling it among “fraudulent online trading platforms” and noting that the operators use aggressive persuasion techniques to get people to deposit more money.

• The UK’s FCA also chimed in: their register warns that 24xFOREX / PACO World System Ltd is not an authorized firm.

In short: many credible financial authorities consider 24xFOREX to be operating without proper regulatory oversight — a huge red flag for anyone thinking about investing there.

3. What Victims Are Saying: Complaints and Allegations

If you dig into complaint boards, review sites, and more, you’ll find dozens of worrying stories from people who lost money — sometimes a lot.

a) ComplaintsBoard

• According to complaints on ComplaintsBoard, 24xFOREX has an extremely low trust rating.

• Reviewers report that once they tried to make a complaint or withdraw, they saw a “very poor customer service” response or none at all.

b) Investors Claim Account Manipulation

• On BrokersView, some investors say their “advisor” convinced them to keep depositing money. Then, their account balances went negative — and they were told to send even more to cover margin.

• One person claimed that trades were manipulated, margin calls kept coming, and they were encouraged to keep sending money just to stay afloat.

c) Personal-Reviews

• According to Personal-Reviews, the broker called some customers and pressured them to deposit large sums — even suggesting they borrow money.

• One alarming claim: after initial success, when the user tried to close a position, “they locked me out and said I must deposit more to cover losses,” even though the balance was positive before.

• That same review alleges they’re using a hacked or manipulated version of MetaTrader 4 — meaning trades and positions might not reflect real market behavior.

4. Transparency Issues: What They Don’t Want You to Know

24xFOREX’s website and public footprint are full of gaps:

• According to TheForexReview, important legal details are missing or murky: terms and conditions do not clearly define how client funds are held, or even who exactly runs the business.

• Funding methods are described (e.g., wire transfer, credit cards, Skrill), but there’s no reliable, transparent policy on minimum deposit or exactly how withdrawals are processed.

• Bonus offerings are deeply questionable: they promise deposit bonuses, but the terms make it nearly impossible to withdraw them without huge trading volume.

• On its “regulatory” side, the broker supposedly operates via “PACO World System Ltd” — which appears to be registered in offshore jurisdictions according to some reviewers.

All of this combined creates a very low level of real transparency. If things go wrong, it’s unclear who is legally responsible, where your money is, or what protections (if any) exist.

5. Investor Manipulation & the “Advisor Trap”

One of the most recurring themes in the 24xFOREX complaints is how “advisors” or “brokers” are deeply involved in manipulating users:

• Some victims say their assigned financial advisor called repeatedly, praised their initial deposits, and urged them to put in much more money.

• When their accounts showed profits, the same advisors apparently encouraged them to “lock in gains” by depositing yet again — an extra layer of psychological manipulation.

• In a particularly troubling account, one user claims that after depositing tens of thousands, they were told to add more just to “cover margin,” and when they tried to withdraw, they were locked out.

This isn’t just “good salesmanship” — per many reports, it’s a strategy explicitly designed to extract as much money as possible.

6. Withdrawal and Profit Issues

Perhaps the most damning part of the 24xFOREX story is what happened when users tried to take their money out:

• Multiple reviews state that withdrawal requests are delayed, rejected, or ignored — even when the user’s account balance is positive.

• According to user testimony (via broker-review sources), clients trying to close their account or withdrawal report being asked for sudden “verification” or “account activation” fees.

• Some people claim that even after supplying documentation, their money was never returned, or only a portion was paid — or worse, they were ghosted.

• One story from BrokersView says an investor was pressured to make further deposits simply to avoid a negative balance — a red warning sign of bad-faith operations.

7. Regulatory and Fraud Warnings from Authorities

This isn’t just “people complaining” — real authorities have stepped in:

• The FSMA (Belgium) explicitly named 24xFOREX as a fraudulent platform. The warning explains how scammers try to get people to invest more — sometimes by manipulating them into letting remote access to their computer.

• According to their bulletin, one of the tactics is to promise repayment if a final “large transfer” is made — a classic “pay more now to get your money back” scam strategy.

• On top of that, multiple sources (reviews, analysis) suggest that the broker’s operations are designed specifically to avoid proper legal oversight and accountability.

8. Scam-Detection Signals

Independent scam-detection tools also ring alarm bells:

• Scam Detector, a tool that aggregates technical risk indicators, gives 24xFOREX a 37.7 / 100 trust score. Scam Detector

• According to their analysis, 24xFOREX shows signs of phishing risk, spam or malware-related profiles, and “proximity to suspicious websites” — all pointing to a platform that may be more dangerous than it appears. Scam Detector

• Such a low trust score from a data-driven tool should raise serious concerns for anyone considering depositing funds.

9. Why So Many People Are Trapped

Putting all these pieces together — regulatory warnings, real user complaints, scam-detector scores, and repeated pressure tactics — you begin to see the structure of 24xFOREX’s trap:

1. Initial Contact & Sales Pitch
   Someone reaches out (ad or cold call) presenting 24xFOREX as a “great trading opportunity.”

2. Small Initial Deposit
   New users are asked to deposit a relatively modest amount, making it feel low-risk.

3. Advisors Build Trust
   Assigned “advisors” confidently guide users, encouraging bigger deposits and building an illusion of profit.

4. Artificial Gains
   The user sees profits (or is told they exist), giving a false sense of success.

5. Withdrawal Requests Begin
   When users try to cash out, everything changes: new “verification” demands, more money needed, or outright refusal.

6. Scare / Pressure Tactics
   Users are told they must deposit more to unlock funds. Some are even persuaded to grant remote access to make “account corrections.”

7. Silence or Disappearance
   Many report that communication breaks down once they question or try to withdraw, or that promised payments never arrive.

10. Final Verdict: 24xFOREX Is a High-Risk Scam Operation

Based on the wealth of red flags and real-world evidence, here’s the conclusion:

24xFOREX (24xforex.com) is very likely a scam.

• It lacks reliable regulatory credentials.

• It is explicitly flagged by financial authorities (e.g., FSMA).

• Independent users report being manipulated, locked into deposits, and denied withdrawals.

• Scam-detection tools give it a very low trust score.

• Its business model appears to rely on continuous deposits rather than honest trading.

If you’re evaluating whether to engage with 24xFOREX, the risks are extremely high. This doesn’t look like a broker that wants long-term, legitimate clients — but one engineered to extract as much money as possible before users wake up.

Report 24xFOREX.com Scam and Recover Your Funds

If you have lost money to 24xFOREX.com, it’s important to take action immediately. Report the scam to Jayen-consulting.com,  a trusted platform that assists victims in recovering their stolen funds. The sooner you act, the better your chances of reclaiming your money and holding these fraudsters accountable.

Scam brokers like 24xFOREX.com continue to target unsuspecting investors. Stay informed, avoid unregulated platforms, and report scams to protect yourself and others from financial fraud.

Stay smart. Stay safe