The website does not specify an identifiable operator and jurisdiction for the 24Trades Broker scam. It is claimed that the 24Trades Corporation, based in Zurich, Switzerland, is behind the online forex and CFD broker. This is, of course, complete nonsense. Potential victims can lose their money via credit and debit cards. The Central Bank of Russia has recently issued a warning. We found that the domain is connected with the Estonian EES Technology OÜ. With some sense you should stay away from 24 trades.
Key data
| Trading name | 24Trades |
| Domains | https://24trades.io https://webtrader.24trade.online/ |
| Domain registrar | NameCheap |
| Legal entity | EES Technology OÜ (prev Larco International OÜ) |
| Related individuals | Michalis Psilogenis Jekaterina Soldatova |
| Jurisdiction | Estonia |
| Payment processor | ABNCBP |
| Warnings | Central Bank of Russia |
The narrative
Until recently, EES Technology OÜ (prev. LARCO International OÜ) in Estonia was associated with the domain www.24trades.io. Specifically, the email [email protected] was given as a contact. At that time, the company had an Estonian FIU license as a crypto payment processor, which was terminated as of Dec 20, 2021. Larco has been facilitating broker scams such as Swiss24. The German BaFin launched an investigation of the scam in March 2021 and soon after, Larco changed its name into EES Technology.
We may therefore justifiably conclude that EES Technology OÜ is connected to the 24Trades scam.
Share information
If you have any information about 24Trades, its operators and facilitators, please share it with us through our whistleblower system, Whistle42.
