The Polish Financial Supervision Authority adds 24xForex to the list of warnings

On March 21, 2022 Polish Financial Supervision Authority added another entity to the list of warnings - 24xForex, operating using the 24xForex.com domain. We warn you against using the services of this "broker". Details below.

Watch out for 24xForex

Just 10 days from the last KNF announcement, we have an entry about more fraudsters operating on the Polish market. Although the website belonging to 24xForex is no longer working, it is worth remembering this name, because very often scammers take the easy way and create new entities with a very similar nomenclature to the previous one.

The KNF announcement states that the reason for entering on the list in the case of all three entities is the notification concerning the suspicion of committing a crime under Art. 178 of the Act on Trading in Financial Instruments, i.e. conducting activities in the field of trading in financial instruments without the required permit or authorization. The proceedings were initiated by the KNF Office and the case is being conducted by the District Prosecutor's Office in Warsaw.

24xForex entry on the KNF's list of public warnings. Source: KNF.gov.pl

We warn against using the services of unlicensed companies. Before opening an account, always make sure it is correct the broker has the appropriate regulations and permits at the indicated financial market supervisory institution.