By Anonymous, from Jamaica, October 10, 2020 at 11:46 PM

This broker does not seem trustworthy, and their website looks very fake. after a week of trading, my account balance went up to over $30K, they blocked my account saying I need to add more funds to upgrade my account. Now I don’t know if I should continue because I don ‘t know if I’ll be able to withdraw my profits. Any advice is greatly appreciated

Answer: Hi Anonymous,

The broker 247exness doesn’t seem to be regulates. First of all, the regulation number provided on the website doesn’t exist as we weren’t able to find it in the FSA register (as stated on the website). Another questionable thing is the address that isn’t complete on the website. In addition,  there are no reviews about this broker on the internet, which means the company is new and not reliable.

We recommend to stay away from 247exness. You can try to withdraw at least your initial deposit, as most probably you won’t be able to withdraw the money you have made on the platform. You can also report about this issue to your local financial authorities.

2 responses to “SCAM or LEGIT???”

  1. They made me pay for withdrawal then didnt pay out. It’s not standard to charge 15% for withdrawals to be paid out of pocket in advance. I lost $4000 and my attorney is after them with a vengeance to shut them down

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