Reason to avoid: No License
Listed Date: November 19, 2018
Top 3 Regulated Forex Brokers
Beware FxMarket247 is a Non-Licensed Broker. It is NOT SAFE to trade.
- Company name:
- Registration Address/ License:
UK, London. No License, No Regulation.
The FxMarket247 is an online trading provider that claims its user-friendly trading interface with trust management and outstanding support. On the broker’s official website the company mentions their license and registration to perform business operations using various platforms, but let’s check on these states.
The certificate of incorporation of a private limited company in England and Wales shows a sample, while there is no name of incorporated firm mentioned, its number or even address. It looks like the company just used a legal empty document to present their alleged legal status, yet it is not clear or any other description or mentioning of the broker’s address or name.
The suspicious questions always revealing while checking on the legal documentation of the company, and actually, the serious firm will always proudly present their legal status as this is the main step of the client protection. However, numerous scams or frauds simply do not give any care about clients and do business only for their own good and purpose. Therefore, the only conclusion about hidden information and mislead of FxMarket247 shows that the firm is most probably located in an offshore zone and is not secured enough.
As our advice to our readers, we would recommend checking carefully any firm which offering seems to be attractive and firstly to find legal confirmation of the broker’s words. Most of the international authorities share a firm’s licenses and status through their official sources, thus any investor can always check if the broker is trustable or not. The regulated broker complies to the international standards, while the trader is always protected by various schemes and tools applied to the trading process and procedure itself.