Whiterock24 Broker Overview
- Website: https://whiterock24.com/
- Website Availability: Yes
- Headquarters Country: 80 Cannon St, London EC4R 0AN, England
- Owned By: White Rock 24
- Blacklisted by: 80 Cannon St, London EC4R 0AN, England
- Domain Age:
- Name WHITEROCK24.COM
- Registry Domain ID 2925225372_DOMAIN_COM-VRSN
- Registered On 2024-10-14T10:37:46Z
- Expires On 2025-10-14T10:37:46Z
- Updated On 2024-10-15T16:30:14Z
Whiterock24 appears to be a brand offering advanced trading platforms and attractive investment opportunities. But a closer look brings it to a different light. This Whiterock24 review breaks it down to why this platform raises a red flag and why one should be careful with it.
Blacklisted by FCA
A very serious concern regarding Whiterock24 is that it is blacklisted by the Financial Conduct Authority (FCA). An official warning means that this platform is unauthorized for operations in the regulated markets, hence putting the traders’ funds at risk. Reputable brokers would be licensed by respected authorities. Being blacklisted should be a clear signal to you not to trade there.
Low Trustscore – Just 16/100
Another red flag is the abysmally low trust score of 16 out of 100 on the most popular review platforms. This low score reflects negatively on user experience, irrespective of whether there are complaints that have been solved or may have been the case of malpractice. We know that traders have several different brokerage options available to them, and this score should make them consider safer ones.
Website and Communication Concerns
- No good website design; it is poor in transparency.
- Contact details are vague.
- Limited access to legal documents such as terms & conditions or withdrawal policies.
All these indicate a deliberate hiding of important things from users.
No Real Regulation
It is stated by user Whiterock24 that he is regulated, but not very much evidence of this exists at all for Wall Street and the company. Regulation in a results-driven strategists’ world is not a bonus; it is essential. It is a risk-the-great hazard.
Why Traders Are Cautious
Key terms most often cited by clients include:
- Ambiguous fee structures
- Difficult/unapproved withdrawals
- Pesky sales approach
- False promises of great returns
We respect our competition, but the conduct exhibited by Whiterock24 deviates from the standards of professional brokerage service.
Need Assistance with Fund Recovery?
If you have encountered issues with a trading platform, professional guidance may be beneficial. Fraud Recovery Experts offer a free consultation to assist individuals in exploring fund recovery options.
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Stay informed and trade wisely!