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247TradesFX

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Operating status: SCAM

Website: http://247tradesfx.com/en/index

Broker violations and abnormal records
  • 2022-10-03 The UK FCA Added 247TradesFX into Its Warnings

    On 4 Oct 2022, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that 247TradesFX was providing financial services or products in the UK without authorisation. You may visit: https://www.fca.org.uk/news/warnings/247-trades-fx


    On 4 Oct 2022, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that 247TradesFX was providing financial services or products in the UK without authorisation. You may visit: https://www.fca.org.uk/news/warnings/247-trades-fx
  • 2022-10-07 BrokersView has Reviewed that 247TradesFX is an Unregulated Forex Broker

    247TradesFX, operated by PFXC Limited, claims to be regulated by "the US Financial Services Authority (UFSA)". However, "UFSA" is not a forex regulator. 

    In addition, we searched National Futures Association (NFA) of the United States but found no results that matched this broker. That means the company is not authorized by NFA to provide financial services in the USA. 

    The broker also claims to be regulated by :

     1) United Kingdom Financial Conduct Authority (FCA);

     2) France Autorité des Marchés Financiers (AMF);

     3) Germany Federal Financial Supervisory Authority (BaFin);

     4) Italy Commissione Nazionale per le Società e la Borsa (CONSOB);

     5) Spain Comisión Nacional del Mercado de Valores (CNMV).

     6) Finanstilsynet, Denmark

    However, upon searching, we did not find any results that matched this broker. That means 247TradesFX is not regulated by any of them. 

    Moreover, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that 247TradesFX was providing financial services or products in the UK without authorisation.

    The truth is that 247TradesFX is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, it is a scam.

    247TradesFX, operated by PFXC Limited, claims to be regulated by "the US Financial Services Authority (UFSA)". However, "UFSA" is not a forex regulator. In addition, we searched National Futures Association (NFA) of the United States but found no results that matched this broker. That means the company is not authorized by NFA to provide financial services in the USA. The broker also claims to be regulated by : 1) United Kingdom Financial Conduct Authority (FCA); 2) France Autorité des Marchés Financiers (AMF); 3) Germany Federal Financial Supervisory Authority (BaFin); 4) Italy Commissione Nazionale per le Società e la Borsa (CONSOB); 5) Spain Comisión Nacional del Mercado de Valores (CNMV). 6) Finanstilsynet, DenmarkHowever, upon searching, we did not find any results that matched this broker. That means 247TradesFX is not regulated by any of them. Moreover, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that 247TradesFX was providing financial services or products in the UK without authorisation.The truth is that 247TradesFX is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, it is a scam.

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Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

Disclaimer:

The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.