Warnings about the 24leveragepro also known as 24proleverage brokers

24LeveragePro: A Cautionary Review for Investors

Overview

24LeveragePro also known as 24Proleverage,is a platform claiming to offer advanced trading and investment services, has come under scrutiny for its questionable practices and regulatory status. Reports suggest that the website is currently offline, raising concerns among users and regulatory bodies alike. Multiple financial watchdogs have flagged 24LeveragePro as unregistered, warning potential investors to exercise caution.

Key Concerns

• Regulatory Non-Compliance

The platform lacks registration with financial authorities such as the Malta Financial Services Authority (MFSA) and Alberta Securities Commission (ASC). This means it operates without adhering to investor protection standards, leaving users vulnerable to fraud

• High-Risk Tactics

Unverified claims of lucrative trading opportunities and high-pressure tactics are common among complaints. Some users allege being encouraged to deposit funds for “guaranteed returns,” only to face account restrictions or demands for additional payments before withdrawals​

• User Complaints

Investors have reported being unable to access their accounts, with some alleging outright loss of funds. There are also accusations of the company fabricating fines or locking accounts to prevent withdrawals

Recent Warnings

• Money tranfers

24leveragepro or 24proleverage use a third party such as Kraken or Crypto.com to transfer money from an investors account and then the funds can be transferred into the investors bank account.

• MFSA Alert: Warns against engaging with 24LeveragePro, citing its unauthorized status under Maltese law. The authority emphasizes verifying firms’ legitimacy before entering any financial transactions

• ASC Concerns: Highlights the absence of investor protections, raising red flags over the platform’s opaque operations and unregistered status

Protecting Yourself

• Verify Registrations: Check the regulatory status of any financial platform with recognized authorities like MFSA or ASC.
• Avoid High-Pressure Sales: Be wary of unsolicited offers or promises of guaranteed returns.
• Report Suspicious Activity: If you suspect fraud, report it to the relevant financial regulator immediately.
• Seek Legal Advice: Consult experts like GREYFOOTS,COM RECLAIM specializing in financial fraud to explore recovery options

Conclusion

While 24LeveragePro markets itself as an innovative trading solution, its lack of transparency and regulatory oversight raises significant concerns. Investors are urged to conduct thorough due diligence and avoid platforms that operate outside established legal frameworks.