Is FX24 a scam?

• Brand: FX24
• Legal entity: Swiss Management Corporation Ltd, as identified by CONSOB in its blocking order. The site itself named only 'FX24 Ltd.' in its copyright line.
• Registered: Saint Vincent and the Grenadines, IBC number 24447, per the site's own footer. No verifiable street address was ever published.
• Website: fx24.one, which stopped serving pages and is no longer a registered domain. An associated site at fx24.live was reported alongside it.
• Only licence: none. No financial regulator has ever authorised this operation.
• Offers: forex, spot metals, indices, commodities, bonds and CFDs on MetaTrader 4 and Sirix, leverage to 1:400, minimum deposit from 250 euro.
• Not accepted: no restricted-country list was published, while the site ran German, Spanish, French, Portuguese, Turkish, Arabic, Persian, Ukrainian, Indonesian, Malay, Thai, Chinese and Korean versions.
• Age claim: 'Providing impeccable service since 2007', against an earliest verifiable trace of May 2019.

The case rests on primary documents that name this exact website, not on impressions.

• A tier-1 regulator acted against the exact domain. CONSOB, Italy's securities regulator, ordered the blackout of https://fx24.one operated by Swiss Management Corporation Ltd, announced on 26 February 2021 as part of its powers against unlicensed intermediaries. The domain match is exact, so there is no question of a similarly named firm being caught up in it.
• The body it claimed to belong to had already warned against it. On 1 February 2021 the Financial Commission stated it had been notified by concerned traders about FX24 (Swiss Management Corporation) and determined that the company and its website may be used to scam and defraud traders and investors. The site nevertheless continued to display 'Category A member of the Financial Commission', and the two claimed start dates contradicted each other: 'since 2013' on the home page and 'since 2020' on the regulation page.
• The named regulator is not one. The regulation page credited the International Financial Market Regulation Center, number NOR34673T, and linked to a certificate for Swiss Management Corporation. BaFin has stated that this body is neither a nationally nor internationally legitimised supervisory authority, and the certificate the site linked to is no longer published.
• A company number was dressed up as a licence. The footer read 'Registered by the Financial Services Authority (FSA) of Saint Vincent, registration No. 24447 IBC 2015'. Saint Vincent registers international business companies but does not license, regulate or supervise forex brokerage, so this sentence describes company formation while reading as authorisation.
• The age claim does not survive the record. The site advertised service since 2007. The earliest verifiable trace of fx24.one is a TLS certificate issued on 22 May 2019, and its own pages carried 2019 and 2020 copyright lines. That is a gap of roughly twelve years with no predecessor domain named anywhere on the site.
• It paid for its own good press. A standing promotion offered 50 dollars to affiliates who published an article about FX24 on their own site, with the broker offering to write the article and requiring at least three referral links. Positive write-ups about this brand therefore cannot be read as independent opinion.
• Transparency was absent by design. The contacts page listed a London telephone number, a WhatsApp number on a Montenegrin code, a Telegram handle and, as the only address, the fragment 'Dubai Al-In Rod'. No company registration, no officers and no verifiable premises were disclosed.

On complaints we are deliberately cautious. The Trustpilot profile for fx24.one carries a single one-star report from August 2021 alleging funds were withheld after a second withdrawal request, and independent reviews describe clients being handed to a retention agent who pressed for further deposits. That is a consistent story but a thin one, meeting two of the four pattern tests, so it supports the verdict rather than carrying it.

One limit on the arithmetic: the operating entity could not be dated, because Saint Vincent's company register is not open to public search. The age figure therefore rests on the domain alone and is an upper bound; the real operating life may be shorter than the roughly three years from May 2019 to the site going dark in 2022.

The published figure of 90 percent reflects the hard-evidence floor that applies when a regulator action and a directly contradicted credential both sit in the ledger; the weighted score across the six dimensions came out just below it at 89.