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FalconTRADE24 Review: Scam Update

Falcon Brokers Scam

What is Falcontrade24?

Falcontrade24 is a binary options company that offers Cryptocurrency trading. There are plenty of traders that offered in-depth customer testimonials, which revealed that this platform is, in fact, not as reliable as the company portrays it to be.

Falcontrade24 advertises itself as the best platform to use for investors with all levels of experience. However the individuals it targets are those with zero previous trading knowledge. This program prides itself with an impressive success rate and high profits. In truth most of, if not all of its users have reported that Falcontrade24 is a scam. 

Is Falcontrade24 related to Falcon Brokers Ltd.?

Back in 2015, CySEC suspended the license for Falcon Brokers Ltd., a Cyprus based Forex company. If Falcon Brokers are the owners of Falcontrade24, that would shed some light on Falcontrade24’s reliability. There were plenty of discussions concerning the suspicious activity that might’ve violated their clients’ ownership rights. Reports also indicated that the brokerage firm used holdings or client funds in their own accounts. 

Falcon Brokers LTD

An honest Falcontrade24 review will indicate the following:

Falcontrade

Is FalconTrade24 regulated?

FalconTrade24 is an offshore Binary Options company that only accepts deposits made directly the their Bitcoin Wallet. Their parent company may or may not be Falcon Brokers LTD. who operates out of Cyprus and has been investigated by Cysec in the past. Falcon Brokers LTD. is no longer regulated by the Cyprus Securities and Exchange Commission (CySEC). FalconTrade24 is not listed as a registered domain under the Falcon Brokers LTD. profile.

Falcon Broker LTD Approved Domains:
new.falconbrokers.com

Falcontrade24 Homepage

Primary Scam Indicator points.

How do we know that FalconTrade24 is a scam?

Well from our perspective that’s easy to answer. The FalconTrade24 scam smells like scam from a mile away. For the sake of fairness, we’ll provide a list of reasons why in our opinion FalconTrade24 is a scam.


Can I get my money back from FalconTrade24?

It is most likely not possible to retrieve any funds that have been lost to FalconTrade24. In seldom circumstances victims have recovered their funds from a Crypto scam like FalconTrade. You’re welcome to reach out to us and we can assess if there is any recourse.

Can I get my money back from Falcon Brokers LTD.?

It’s very possible. Depending on how you paid and what the circumstances were in your experience.
Reach out to us here and we’ll let you know how to go about getting your money back.

The bottom line

No matter what Falcontrade24 review you read, you will most likely reach the following conclusion. The broker offering this platform is not trustworthy and you should proceed with caution. Make sure you understand all the terms and conditions so that you avoid potential unwanted situations. It might be a good plan to check out several online brokers before settling upon one. Indeed, Falcontrade24 might seem like an excellent choice for a beginner, but there are several other online forex brokers with user-friendly platforms that won’t scam you.