iTraders24 Detailed Review

We can already conclude that this is a fraudulent broker by the name itself. Since there are two legitimate companies – iTrader and 24option, obviously this company played on clients’ inexperience and tried to convince them it’s a part of legal firms. Since it’s not, we’re here to expose the scheme in our iTraders24 review.

What About iTraders24 Regulation?

Speaking of regulation, you should understand why it’s so important. If a broker holds a reputable license, it has to have a compensation fund with the regulator, and the money is to be used to reimburse clients if any issue occurs. Furthermore, being a member of ESMA or MiFID implies that your broker keeps money in segregated bank accounts and doesn’t use it for its everyday expenses.

Now, iTraders24 claims to be a brand of iTraders Ltd from the UK. This means it should have an FCA license. Sadly, that’s not the case. Also, regulators have discovered that the company owner is, in fact, AntariLLA Management Ltd from Seychelles, meaning you’re dealing with yet another offshore scam. From everything being said, it’s clear that you should avoid this investment firm.

In addition to the above, we strongly advise you not to invest in Fivoro, AlphaTrade Plus and CrypNetEasy fraudulent brokers.

iTraders24 Warnings From Financial Regulators

Due to its activities and after many complaints, iTraders24 has been blacklisted by the Spanish Comision Nacional Del Mercado De Valores. 

Right after this warning, the Italian CONSOB republished it, warning Italians not to fall for the iTraders24 scam.

Fund Withdrawal Issues With iTraders24 Broker

Since the company is not regulated and not UK-based, no wonder there are many problems with withdrawals. Anyone who decided to deposit the money was more than welcome. Until the point, they’ve requested a payout. Companies such as iTrader24 are established with one simple goal – to take as much money as possible and disappear.

If you find yourself unable to get a withdrawal, contact us before the website is shut down and it’s too late.

Areas of iTraders24 Trading Scam

Our review shows that the broker is mainly active in Spain, Albania, Italy, Greece, and Germany. As you can tell, all European countries. Besides, complaints come from the UK, Australia, and further, so wherever you are, pay good attention to offers you’re getting from iTraders24.

Traders About iTraders24 Scam

What can one possibly say after being involved in a scam? iTraders24 reviews we’ve seen all point in the same direction – withdrawals are virtually impossible, account managers are extorting money, and the company is not actually British nor regulated. So the overall advice is to stay away from the scam.

How Does Online Trading Scam Work?

With iTraders24, everything starts with a convincing ad showing results from crypto investing. Apparently, you can earn over $5,000 per day if you obtain the company’s money-making software. They’ll ask you to deposit $250 initially but then tell you it’s not enough and the software can’t safely run with such small money. Anything you add will be for the margin and safety, not to be used on the market. As if.

The moment you invest any larger amount, you’ll be blocked and unable to reaccess your account or money. 

Pay Extra Money Before Withdrawals

A lot of clients complain about the fact they have been prompted to pay additional fees before withdrawing money. The broker is asking them to cover banking fees, taxes, and other costs, and then it’ll release the funds. Even if you pay this humongous amount of money, you’re not going to see a penny back since it’s all just a good story to lure you into a bigger scheme.

Also remember the names of the Nekstra, Platin Markets and ProfitLevel trading scams and avoid them at all costs! Moreover, always check the background of online trading companies before investing!

Scammed by iTraders24? – Tell Us Your Story

If you were scammed by iTraders24 or a similar illicit brokerage, let us know. Our chargeback specialists are here to hear you out and assist you with this matter.

But What Is A Chargeback?

Once you process your credit card and make a transaction, you have up to 540 days to reverse it through a chargeback. Of course, you need to have a legal reason for doing so. Our experts will help you collect enough evidence to prove that you have been scammed and get a refund. Contact us via online chat to book a free consultation, and let’s get your money now!