ANSWER Dear Investor,
24Markets claims to be operated by P24 Capital Markets LTD, regulated by the Financial Services Commission (FSC) of Mauritius, and also mentions Figtree Capital (Pty) Ltd, regulated by the Financial Sector Conduct Authority (FSCA) of South Africa.
Our investigation confirms that both the Mauritius FSC and the South African FSCA have indeed registered licensed entities corresponding to these names. However, it is important to note that neither regulatory authority registers the operational websites or specific brand names of their licensees. This omission makes it difficult for us to verify whether the association between the platform and these entities is genuine. Furthermore, both authorities are classified as offshore regulators.
Therefore, we advise you to exercise caution when considering investment with this platform. We strongly recommend conducting thorough due diligence and risk assessment before proceeding with any transactions.
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