Name of Broker – 247 Trades
Website – 247trades.tech
Address – USA
Owned by the – 247 Bitcoin Trading Ltd
Warning Issued By – Not recommended by review websites like All Scam Reports
If you are thinking to invest with 247 Trades but avoid the scams, read the 247 Trades review and get to know about the scam activities of broker in detail.
One of the major drawbacks of online trading is the scam done by scam brokers who can be any Scam Forex broker, Scam Cryptocurrency broker, Scam Investment company, Romance/Dating scammer, Pet scammer, or any type of scammer. The scam brokers have a common way of fooling victims either. They either do it through cold calling, creating fake websites, or pop-up advertisements. Similarly, after investigating 247 Trades broker, we found multiple proofs of scam activities done by 247 Trades.
247 TRADES is an online trading platform which is owned by 247 Bitcoin Trading Ltd. The website of the company is not currently in use. So, we cannot check the regulated license of this broker. According to our research, this broker might be involved in scam activities. Read a complete 247 Trades review to know more about this broker.
Find out whether 247 Trades broker is a scam or legit-
While trading, it is immensely important to identify a broker that is reliable and legit. But, there are some reasons why we have tagged this 247 Trades Review in our scam broker 2022 list of scam brokers. Here are some points that you need to know about 247 Trades.
247 Trades Review: Regulation Status –
While choosing a broker online, the regulation status is one of the most critical points. Here, 247 Trades seems not to be regulated in its jurisdiction of operation and is indulged in scam activities. There is a high possibility that the broker has been warned by reputed regulation authorities like CySec, ASIC, FCA, CNMV, FINMA, etc. Warning issued by any of these authorities clearly indicated that the broker is not a good fit to invest your hard-earned money with. 247 Trades broker seems t be lacking such regulation or there is no proof of it.
Complaints against 247 Trades broker –
A number of complaints and negative 247 Trades reviews have been found regarding the scam broker on various online review sites. A low rating on several online platforms makes it clear that the broker has a 247 Trades reputation among the investors. The investors have accused them of being scam brokers and state how they have been victims of the 247 Trades scam and lost all their money and efforts to them.
247 Trades Review: Leverages and Accounts
The genuine brokers that are operating in the market often require low deposits as high deposits are not in the favour of the regulatory bodies. Whereas, this broker tends to charge a huge deposit amount which is a major red flag to avoid moving further with your investment journey. The same criteria go with leverage, as the leverage offered by legit firms is low and in small amounts. Whereas, the broker tends to offer high leverage, shaping it as a scam broker. 247 Trades broker offers high leverages which can cause a big loss to traders if things go wrong.
Final Thoughts on 247 Trades Review –
It is tough to recognize the fake brokers from first look – yet that is the place where we can help. If you want to invest in 247 Trades online trading, it is good to look at the list of scam brokers 2022 and avoid the brokers present on the list. This will help you in safe trading and also keep your investments safe with the right broker.
All Scam Reports Team advises the user to avoid investing here, as we have found that the 247 Trades broker is suspicious, and operating without any legal license. There has been proof of some suspicious activities similar to the signs mentioned in the 247 Trades review. So it can be concluded that 247 Trades is a potential scam broker.
Investors should always remember that the scammers don’t have any right to take away their funds in illegal ways and hence, it is their responsibility to fight for it and get it back from the scammers. All Scam Reports Team is here to help you out in this situation of fund recovery. All you need to do is to fill out a small complaint form and we will be in touch with you shortly with a Free consultation.
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