24NewsTrade

24NewsTrade is a forex and CFD broker that was founded on 5 January 2021 and is registered in Saint Vincent and the Grenadines (SVG). The company’s official domain is 24news-trade.com, and its registered address is Suite 305, Griffith Corporate Center, Beachmont, Kingstown, Saint Vincent and the Grenadines.

The regulatory status of 24NewsTrade is notable for its absence: the broker is not licensed or regulated by any recognised financial authority. This is a critical factor for traders to consider, as SVG-registered entities are not subject to the same oversight as brokers regulated by major bodies such as the FCA, CySEC, or ASIC.

24NewsTrade offers six account tiers, catering to a wide range of deposit sizes. The BASIC account requires a minimum deposit of $250 and offers leverage of 1:100 for FX, 1:50 for commodities, and 1:20 for world shares. The STANDARD account requires $2,500 with leverage up to 1:500. The TRADER account requires $5,000 with leverage up to 1:1000.

Higher-tier accounts include the PRO account ($25,000, leverage 1:50), the PRO+ account ($100,000, leverage 1:10), and a VIP account with individual conditions and no specified maximum leverage. These high minimum deposits and varying leverage levels suggest a focus on retail and high-net-worth traders, albeit with significant risk due to the lack of regulation.

The leverage offered by 24NewsTrade ranges from 1:10 for the PRO+ account up to 1:1000 for the TRADER account. Such high leverage can amplify both potential gains and losses, making the broker suitable only for experienced traders who fully understand the risks. The broker’s website does not specify which instruments are available for trading, but account descriptions mention FX, commodities, and world shares.

In our assessment, the combination of high leverage and unregulated status creates a particularly high-risk environment. Traders have no recourse to a regulatory ombudsman or compensation scheme if issues arise.

The physical address of 24NewsTrade is at the Griffith Corporate Center in Kingstown, Saint Vincent and the Grenadines. This address is commonly used by many offshore financial services entities and does not necessarily indicate a substantive operational presence. SVG is known for its ease of registration and minimal regulatory requirements, but it does not provide investor protection mechanisms.

Traders should interpret the registered address as a red flag, as many unregulated brokers use such addresses to avoid stricter regulatory oversight. FXCanary recommends verifying the broker’s substance and seeking regulated alternatives.

Our records show that 24NewsTrade has no regulatory licences from any credible authority. The FXCanary Scam Risk Score is 85 out of 100, indicating a severe risk. This score is driven primarily by the lack of regulation, high leverage offerings, and limited public information about the broker’s operations.

We strongly advise traders to exercise extreme caution when considering this broker. Without regulatory oversight, there are no guarantees regarding fund segregation, trade execution, or dispute resolution. The absence of independent user reviews further complicates due diligence.

24NewsTrade presents itself as a retail forex and CFD broker with a wide range of account types and high leverage options. However, the lack of regulation and high-risk profile make it unsuitable for most traders. Those considering this broker should perform additional checks and consider only licensed alternatives.

Given the limited independent information available, FXCanary cannot recommend 24NewsTrade for any category of trader. The severe risk score underscores the importance of avoiding such unregulated entities unless the trader fully accepts the associated dangers.