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Fx Option Trade247

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Operating status: SCAM

Website: https://www.fxoptiontrade247.com/

Broker violations and abnormal records
  • 2020-07-06 The Cyprus regulator CySEC added Fx Option Trade247 into its alert list
    The Cyprus Securities and Exchange Commission ('CySEC') wishes to inform investors that Fx Option Trade247 does not belong to an entity which has been granted an authorization for the provision of investment services and/or the performance of investment activities. See the warning: https://www.cysec.gov.cy/CMSPages/GetFile.aspx?guid=08d01be2-4238-429b-9f10-efa647ad9925
    The Cyprus Securities and Exchange Commission ('CySEC') wishes to inform investors that Fx Option Trade247 does not belong to an entity which has been granted an authorization for the provision of investment services and/or the performance of investment activities. See the warning: https://www.cysec.gov.cy/CMSPages/GetFile.aspx?guid=08d01be2-4238-429b-9f10-efa647ad9925
  • 2021-09-23 BrokersView has reviewed that Fx Option Trade247 is an unregulated forex broker
    It gets really confusing when it comes to Fx Option Trade247's regulations. Checking on the website, the broker claims to be regulated by a few global regulators. It shows that: 1.it is authorised and registered with the U.S. National Futures Association NFA ID: 0486419; 2.it is authorised and licensed by CYSEC (EU) (License No. 199/13); 3.it is authorised and regulated as a Investment Dealer by the FSC on 06/12/2016 (License No. C116016172) However, the above three registration details are fake. After checking with its stated license numbers on the above three regulators' register, we found the regulatory information the broker claimed belongs to another broker - BDSwiss, a regulated entity that has no association with Fx Option Trade247. Besides, the broker was warned by CySEC before. These proofs make it clear: Fx Option Trade247 is actually not regulated or registered by any financial regulator. That means investors' funds in the broker is unsafe and cannot be protected by any laws. Therefore, it is a scam broker.
    It gets really confusing when it comes to Fx Option Trade247's regulations. Checking on the website, the broker claims to be regulated by a few global regulators. It shows that: 1.it is authorised and registered with the U.S. National Futures Association NFA ID: 0486419; 2.it is authorised and licensed by CYSEC (EU) (License No. 199/13); 3.it is authorised and regulated as a Investment Dealer by the FSC on 06/12/2016 (License No. C116016172) However, the above three registration details are fake. After checking with its stated license numbers on the above three regulators' register, we found the regulatory information the broker claimed belongs to another broker - BDSwiss, a regulated entity that has no association with Fx Option Trade247. Besides, the broker was warned by CySEC before. These proofs make it clear: Fx Option Trade247 is actually not regulated or registered by any financial regulator. That means investors' funds in the broker is unsafe and cannot be protected by any laws. Therefore, it is a scam broker.
  • 2022-04-07 BrokersView has found that Fx Option Trade247 is not working

    BrokersView found the domain https://www.fxoptiontrade247.com/ is temporarily unavailable, as most probably it was suspended and it is always a bad sign when broker's website is suspended.

    BrokersView found the domain https://www.fxoptiontrade247.com/ is temporarily unavailable, as most probably it was suspended and it is always a bad sign when broker's website is suspended.

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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.

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