Ever come across an app or website that promises quick profits from trading and investments?
Sounds tempting, right?
But before you dive in, it’s smart to pause and ask the real question: Is it safe and registered?
“24 trade” refers to fraudulent platforms that promise easy, high returns on investments, often related to forex or CFD trading.
Some of these schemes have made false claims of legitimacy and registration in various countries to deceive investors.
24 Trade Live Review
24 Trade Live is promoted as a flashy online trading platform promising things like “lowest brokerage,” 24/7 deposits/withdrawals, and up to “500X margin” on multiple markets.
Its website shows ads claiming 10+ tradable segments and super-high leverage.
It markets itself as a one-stop trading platform where you can allegedly make fast profits. But beyond these big promises, 24 Trade Live is mysterious about its real operations and regulators.
24 trade Live Real or fake?
The entire operation of platforms like 24 Trade Live is designed to look like trading but function like a rigged casino where the house takes everything.
Scammers manipulate the price feeds or the expiration times of your trades. If you are ‘winning,’ the platform might freeze, lag, or artificially extend the trade duration until the market moves against you.
Victims often see a “virtual” dashboard showing fake profits, but their money isn’t really invested in NSE/BSE.
All of this fits the pattern of 24 Trade Live: it claims super-high profits and margins, yet operates offshore and doesn’t mention any SEBI license.
In effect, it’s very much like a dabba platform where traders’ “profits” are made up on their website, not actually on an exchange.
SEBI warns that dabba trading “offers no benefits of safe and guaranteed trades done on Stock Exchanges” and advises investors to “exercise caution” and avoid unregulated trading.
Is 24 Trade Live Legit?
No, 24 Trade Live is not a SEBI-registered Platform.
Legitimate trade platforms must be registered with SEBI and the exchanges, but 24 Trade Live doesn’t appear on any SEBI list.
This is a huge red flag.
SEBI’s official guidance says trading should be done only through registered brokers (so you can use official grievance channels); otherwise, you have zero safeguards.
Since 24 Trade Live operates outside this system, it is effectively an unregulated (dabba) platform. In practical terms, that means if you deal with it, you cannot use SEBI or the exchange’s complaint system later.
In fact, SEBI expressly cautions that dabba-traded deals give “no benefits of safe and guaranteed trades” and urges everyone not to indulge in such platforms
How to Report Trading Scams?
If you spot or fall victim to a scammy app like 24 Trade Live, act fast.
- File a complaint with SEBI.
- File a cyber crime complaint online.
- Inform your bank immediately if you’ve transferred funds; they might help stop further fraud.
- You may also file an FIR with your local police.
- The more evidence (screenshots, messages, ads) you provide, the better the chances of action.
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Conclusion
24 Trade Live may look like a high-tech trading app, but it’s not a genuine SEBI-regulated broker.
Its promises of huge margins and 24/7 service are classic bait for a dabba-style trading scheme. Indian regulators (SEBI and police) warn that such unregistered “trading” apps are illegal and dangerous.
The smart move for retail investors is to stick with known, registered brokers and ignore shady offers.
Always verify registration, stay skeptical of quick-profit schemes, and report any suspicious platform right away.
Your money and peace of mind are worth more than a risky gamble on an unregulated app.
