is 247cryptotrade licensed and regulated? 247cryptotrade.com

By Mothae, from South Africa, June 9, 2020 at 02:16 PM

I would like to know if this company is licensed and regulated

Answer: Hi Mothae,

247 CRYPTO TRADE LTD claims to be a legal investment company incorporated in Ohio USA with the registration number: R11445991. The broker provides the certificate of incorporation as an International company with the Companies House.

Despite the provided documents about the registration with the Companies House, it doesn’t mean the authorization of the US regulator. Companies House is the registrar of companies, it is not the regulator that approves licenses for the brokers. And, of course, there is no information about this broker in the The Commodity Futures Trading Commission register or any other regulator’s.

We would recommend to avoid 247 CRYPTO TRADE and choose from the Regulated Brokers.

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