Earn Now 24 is a CFD broker with a domain registered on January 1, 2024. The broker primarily provides investment services in markets such as forex, cryptocurrencies, indices, stocks, energy, and commodities. It does not offer services to countries and regions where such activities might violate local laws or regulations.
Corporate Registration Information and Regulatory Status
According to publicly available information on the Earn Now 24 website (earnnow24.com), the broker was established in 2016 and claims that its company entity is ASN, which is regulated by the Australian Securities and Investments Commission (ASIC). However, the broker has not disclosed specific company registration details or comprehensive regulatory information.
Verification checks with the Australian Securities and Investments Commission (ASIC) showed no record of a regulated entity named "ASN".
Therefore, Earn Now 24 (earnnow24.com) is actually a scam broker website with neither a legitimate company entity nor any regulatory oversight.
Account Opening Procedure
The process for opening a trading account with Earn Now 24 involves visiting their website, clicking on "Open Account" on the homepage or "SIGN UP" at the top right corner of the page. From there, you fill in your personal information such as name and email address and set a password. After submitting your details and verifying your account, the registration process is complete.
Trading Instruments
Earn Now 24 offers its clients a variety of trading products, including forex, indices, commodities, stocks, and cryptocurrencies.
- Forex: Forex trading involves the exchange of different currencies. Known for its high liquidity, it allows traders to profit from exchange rate fluctuations.
- Indices: Index trading allows speculation on the performance of an entire market or specific sector without trading individual stocks. Exploring popular indices offers diverse trading opportunities and allows for high leverage to maximize potential returns.
- Commodities: Commodity trading covers key resources in global markets, enabling traders to buy and sell various raw materials, including metals, energy, and agricultural products.
- Stocks: Stock trading allows investors to participate in public companies' stock price movements and earn from price changes and dividends based on company performance, without actually holding the stocks.
- Cryptocurrencies: Cryptocurrency trading offers digital currency enthusiasts the opportunity to profit from highly volatile assets.
Investment Plans
The Earn Now 24 website does not disclose information about account types, spreads, trading leverage, margin call/stop-out levels, trading commissions, minimum/maximum trade volumes, maximum open positions/orders, or minimum price precision.
Trading Platform
Earn Now 24 provides a self-developed trading platform, claiming an average order execution speed of less than 7.12 milliseconds, with integrated liquidity providers and more than 12,000 executed orders per second.
Deposits and Withdrawals
Earn Now 24 does not support deposits and withdrawals via credit cards or bank wire transfers. Instead, users can only carry out these transactions using cryptocurrencies.
Conclusion:
Traderknows reminds investors that Earn Now 24 is a scam broker that lures investors with high returns. The website has no actual company entity or any regulation, and the contact method is limited to email. Investors are advised to choose brokers with transparent information, strong regulation, and good reputation to avoid unnecessary financial losses.
Currently, this broker is labeled as a "Scam" on Traderknows.
