24Era Review

24Era Review

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Beware of 24Era: A Financial Scam Unveiled

In the fast-paced world of online financial services, scammers often disguise themselves as legitimate brokers, preying on unsuspecting consumers. One such questionable entity is 24Era, which operates on the website https://24era.com. Multiple regulatory warnings and negative 24Era Review have flagged this operation as a potential scam.

Company Details 

  • Website: https://24era.com
  • Address: 99 Queen’s Road Central, Central, Hong Kong 000 HKG
  • Email: [email protected]

At first glance, the company seems to have all the trappings of a legitimate financial service provider. However, a deeper investigation reveals significant red flags.

Unlicensed and Unauthorized in Australia 

The ASIC has issued a warning regarding 24Era. The company is not licensed to provide financial services in Australia, which is a legal requirement for operating in the country. According to ASIC warning –

Avoid dealing with this business, as it operates without a license in Australia. It seems to offer financial services to Australian consumers despite lacking an Australian financial services license or credit license from ASIC and without authorization by a licensee.

The Financial Conduct Authority (FCA) Warning 

The UK Financial Conduct Authority (FCA) has also flagged 24Era as a potential scam. According to their warning:

“This company could be providing financial services or products without our approval. Avoid engaging with this firm and stay vigilant against potential scams.”

Alert from the Dutch Authority for the Financial Markets (AFM) 

AFM has also joined the list of regulatory bodies warning against 24Era. Their statement is even more direct:

According to the AFM, consumers should avoid engaging with offers from 24Era, which is suspected to be a boiler room.

Boiler room refers to high-pressure sales tactics often used by fraudulent firms to push individuals into making investments. These investments become worthless, leading to substantial losses for the victims.

Trustpilot Reviews Tell a Grim Story 

A glance at 24Era reviews on Trustpilot paints a dismal picture. Multiple users have reported:

  1. Lost Funds: Customers claim they were lured into depositing significant sums, only to lose access to their accounts or find that withdrawals were impossible.
  2. High-Pressure Tactics: Reports indicate that the company employs aggressive sales techniques to convince consumers to invest more money.
  3. Fake Promises: Many users allege that 24Era made unrealistic promises of high returns, only to vanish once deposits. 

What Makes 24Era a Scam? 

Several hallmarks of fraudulent operations are evident with 24Era:

  1. Lack of Licensing: Operating without the necessary financial service licenses is a major red flag.
  2. Regulatory Warnings: Alerts from ASIC, FCA, and AFM show that the company is under scrutiny in multiple jurisdictions.
  3. Negative Customer Feedback: Consistent reports of financial loss and unethical practices reinforce concerns.

How to Protect Yourself ? 

  1. Verify Licensing: Always check a financial service provider credentials with regulatory bodies like ASIC, FCA, or AFM.
  2. Avoid High-Pressure Sales: Legitimate brokers respect your time and do not push for immediate decisions.
  3. Research Reviews: Look for independent reviews on platforms like Trustpilot to assess the company reputation.

24Era Review: Conclusion 

24Era has all the hallmarks of a financial scam. With warnings from prominent regulators like ASIC, FCA, and AFM, as well as numerous negative reviews from consumers, it is clear that this is a company to avoid.

If you have been targeted by the 24Era scam, do not face it alone. Take action today by reporting scams to protect yourself and others. Share your experience to make a difference in the fight against fraud. Begin your recovery journey now with CryptoScams.com.au.

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