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R24 Capital Group

Operating status: SCAM

Website: https://www.r24capital.com/

Broker violations and abnormal records
  • Jul 05, 2022 Brokersview has Reviewed that R24 Capital Group is an Unregulated Forex Broker

    R24 Capital Group is not a reliable broker for traders even though it states offers that look good to be true. R24 Capital Group claims it obtained the MSB license issued by the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC). However, FINTRAC is not a regulatory authority that issues licenses for forex trading or regulates entities offering forex activities.

    Besides, R24 Capital Group claims it is a USA-based firm. So we searched in the US regulator National Futures Association (NFA). We did find a match result to R24 Capital Group in NFA, but it is not under valid regulation by NFA since it is not an approved member of this regulator. The truth is that R24 Capital Group is not overseen by any regulators. Investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.

    R24 Capital Group is not a reliable broker for traders even though it states offers that look good to be true. R24 Capital Group claims it obtained the MSB license issued by the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC). However, FINTRAC is not a regulatory authority that issues licenses for forex trading or regulates entities offering forex activities.Besides, R24 Capital Group claims it is a USA-based firm. So we searched in the US regulator National Futures Association (NFA). We did find a match result to R24 Capital Group in NFA, but it is not under valid regulation by NFA since it is not an approved member of this regulator. The truth is that R24 Capital Group is not overseen by any regulators. Investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.

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