FXmarket247 Review

Is FxMarket247 Scam or Legit Broker?

FxMarket247 is not safe to trade. It is suspected the broker is a scam, as it does not hold any serious license. In fact, the broker does not mention anything about its regulation on the website. There is no indication of the FxMarket247 address 

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 the 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 mention of the broker’s address or name.
• 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 client protection. However, numerous scams or frauds simply do not care about clients and do business only for their own good and purpose. Therefore, the only conclusion about hidden information and misleading of FxMarket247 shows that the firm is most probably located in an offshore zone and is not secured enough.

FxMarket247 Review Conclusion

As our advice to our readers, we would recommend checking carefully the broker’s regulations. 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. Traders should trade with well-regulated brokers (Top 10 Forex Brokers in the World) such as UK brokers or brokers in Australia and reliable brokers such as FP Markets and TMGM.

FxMarket247 Update

Our research revealed that the FxMarket247 website is inactive. This means the broker has muted its trading offering and does not operate. However, we recommend avoiding and staying alert in case of any proposals.