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247FXTM

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Operating status: SCAM

Website: https://247fxtm.com/

Broker violations and abnormal records
  • Aug 25, 2024 BrokersView has reviewed that 247FXTM is an unregulated broker

    According to its website, it is located in the U.S. Upon investigation, no matching information was found in the National Futures Association (NFA).

    In essence, 247FXTM is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.

    247FXTM appears to be a scam.

    According to its website, it is located in the U.S. Upon investigation, no matching information was found in the National Futures Association (NFA).In essence, 247FXTM is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.247FXTM appears to be a scam.

Related Complaints

Q&A

Is this site 247FXTM real?

Ptrhost
Colombia
Aug 27, 2024
ANSWER Dear Investor,We are concerned that 247FXTM may be a scam. This site appears to be fraudulent.Lack of licensing information: The website does not provide any information about its regulatory oversight. This is a red flag, as legitimate brokers usually display such details in the website footer.No NFA membership: Based on 247FXTM's location and services, it is required to be registered as a member of the National Futures Association (NFA). However, our search indicates that it is not an NFA member and is not subject to its jurisdiction.Therefore, we strongly suggest you avoid using 247FXTM. It is operating in an unregulated environment. For the safety of your funds, it is recommended to choose fully regulated brokers.
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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

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