Electrum24.com Review

Dear Friends,
Recently, there are a lot of trading platforms approaching you and offering exciting trading offers like huge profits, managed funds, extra insurance on your deposits, very easy withdrawals etc.
Most of them have the following common characteristics
1) Most of them don’t have a real phone number. All of them have WhatsApp number starting with +44 or +41 etc.
2) They can only call you but you cannot call them
3) They can be contacted only through WhatsApp
4) There will be a relationship manager who consistently call you to deposit/increase your deposit
5) Most of them will not give the details of their bank account in order to wire transfer funds from your bank. Instead of that, they prefer to have the deposit by way of BITCOIN from some other wallets of other companies like BINANCE, COINBASE etc.
6) If you transfer the amount from your bank account to the broker’s bank account and if you don’t receive your amount back, you can approach your bank and request for the chargeback facility to get your funds back. Hence the scammers use other means to loot your money
7) When you request for withdrawal of small funds, they do it extraordinarily fast in order to gain your confidence and get more deposits from you
8) Most of them are non-regulated brokers and if you lose your money, you cannot complain to any regulators of any country and will be difficult to get your money back.
With this background, I will explain my experience with a notorious scammer broker called ELECTRUM24
One day I was searching for some well-reputed signal providers in GOOGLE for forex trading. I came to the site of TOOLS TRADE. Immediately one person came on live chat.
He introduced me as CONOR and asked me whether I am looking for signals. I said YES.
The next day morning he started calling me. Finally, he said that they are giving signals for different assets and I have to open three accounts with three different brokers. I said that I have already accounted with reputed and regulated brokers. I will trade with them. He insisted on opening an account with three brokers. Out of which one was ELECTRUM24. Once I started the account with ELECTRUM24, a guy called AIDEN FISK called me and told me that he is an expert trader in BITCOIN and every day at 11.30 AM (Dubai Time), he will call me and place the trades in my account. He has to be given access to my computer through the remote control software ANYDESK.
Initially, I have deposited USD 240/- on 15th March 2021. Then USD 1061.90 on 16th March,
USD 520.71 on 23rd March, USD 2844.80 on 24th March. The first deposit was made by my debit card and subsequent deposits were made from my BINANCE Account, directly transferred to the ELECTRUM24 account by way of Crypto.
Then he has transferred USD 75 on 24th March and USD 650 on 2nd April to my Binance account as profit generated.
In the meantime, he said that he will arrange insurance for my deposit to the extent of USD 5,000/- for trading loss in my account. He has sent a document typed on the letterhead of ELECTRUM24 with a signature & Stamp. On the appearance itself, we can understand that it is a fake certificate.
Then on a weekend, he called me and asked for access for trading in my account through Any desk. He put a short trade in RIPPLE. Immediately I told him this is not the right trade because all indicators were showing that RIPPLE is moving up. He was reluctant to close the trade. Then he left the platform and switch off his mobile. The RIPPLE position was moving against and the loss went to the extent of more than USD 4,000/-. Then I hedged the position. In the
end of the day, ELECTRUM 24 charged SWAP of USD 840/- on both long and short positions. After charging these ridiculous amounts the account balance was hardly 1,300 dollars.
Next Monday morning, he called me as usual and asked for access to my trading account. Then I told him because of the foolish trade you have put, my account is burned. No need for further trade. Then he said that I have closed the trade and the system has not updated. Your account has no problem and it has a balance of USD 8,800. Nothing to worry about. In the trades history, there is no mention of any RIPPLE trade. The account is perfect
Then I understood these people are SUPER FRAUD.
The next day morning I put a withdrawal request through the system for an amount of USD 4,386/-. Then AIDEN started telling so many stories day by day. Since insurance is there for your account, the withdrawal will take more than a week etc. Finally, he told me that your account will be handed to a financial expert in the company called SEAN DRAPER. Aiden said that he will contact me through LinkedIn.
He contacted me on LinkedIn and convinced me that if I pay 18% of the total amount receivable, he will upload the transaction in the BLOCKCHAIN and I will get my amount in my BINANCE account in 30 minutes. I have deposited a further USD 1728.92 through my BINANCE account to ELECTRUM 24 account. MR SEAN DRAPER sends a link where I can see the transaction uploaded. Till today I have not received my amount.
Further to this cheating, another lady called me and told me that she is calling from ADCB Bank, London Branch, She has the money with her and in order to transfer that amount, she requires another 20% to be deposited. I know ADCB has no branches outside UAE. I blasted that lady and she put down the phone.
Now I have complained to Action Fraud, IC3 and FCA. They are doing investigations on this case and expecting the report by next week. Prima face all of these agencies told that this is a scam
I have complained to LinkedIn about SEAN DRAPER and they have removed his profile from their site.
From my experience, I learned a lesson that doesn’t deal with any of these non-regulated fraudulent companies. Always transfer the amount from your Bank account directly to the Brokers account through wire transfer. If they don’t have that facility, don’t deal with them
I Will update you on this

Best Regards
JOHN