Which kinds of regulation does Trade 247 have?

https://trade247.com/

Dear Investor,

Trade 247 claims to be licensed in both Mauritius and the United Arab Emirates (UAE).

Our verification shows that Trade Twenty Four 7 Markets Limited is indeed listed in the register of the Financial Services Commission (FSC) of Mauritius. However, it is important to note that the Mauritius FSC does not publicly disclose the domain names associated with its registered entities. This lack of transparency creates a potential risk of identity theft. Moreover, the Mauritius FSC is an offshore regulator, known for relatively light oversight and limited investor protections compared to major global authorities.

Regarding its UAE claim, Trade 247 states it operates through Trade Everyday Financial Advisors LLC under the Securities and Commodities Authority (SCA). Our search of the SCA’s official register also found a record of this entity. Similarly, SCA does not disclose the operated website of the licensed company.

Given these inconsistencies, we urge investors to exercise caution. Be mindful of jurisdictional limitations and thoroughly assess the risks before engaging with Trade 247.