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Score
United States
2-5 yearsSuspicious Regulatory License
Suspicious Scope of Business
High potential risk
Add brokers
Comparison
Expose
Exposure
Score
Regulatory Index0.00
Business Index6.03
Risk Management Index0.00
Software Index4.00
License Index0.00
No valid regulatory information, please be aware of the risk
Single Core
1G
40G
General Information
247FXTRADEOPT presents itself as a forex and CFD trading platform, providing clients access to currency pairs and mainly cryptocurrency trading. 247FXTRADEOPT offers a range of investment plans to accommodate different traders‘ trading needs, with the minimum deposit to invest with this platform starting at $500. Lastly, this broker claims that it offers 24 x7 customer support to solve clients’ any trading problems.
As for regulation, 247FXTRADEOPT is not subject to any valid regulation, and thats why it receives a low score of 1.11/10 on the WikiFX website.
Market Instruments
It seems that 247FXTRADEOPT only provides its clients access to forex trading and cryptocurrency trading. Other available trading assets like precious metals, commodities, and more are not available.
Investment Plans
A total of six investment plans are provided, namely Starter, Silver, Gold, Platinum, Master, and Superior. Each investment requires a different amount of minimum deposit and stands for different offering (profit). For instance, the Starter plan asks for a deposit of $500 and clients who hold this account is promised a high profit of 10%.
Given the fact that 247FXTRADEOPT is not subject to any regulation, its high minimum deposit and high profit promise are just a tactic to attract more investors and then defraud them.
How to open an account with 247FXTRADEOPT?
Opening an account with 247FXTRADEOPT is an easy and simple process and totally free of charge:
1. Click the “Register” link, and fill up some required details on the popping-up page.
2. Upload your personal data for this company to verify your details.
3. Choose the preferable payment methods, fund your account and start to trade with this forex broker.
Trading Platform
What 247FXTRADEOPT provides is not the industry-leading MT4 or MT5 trading platform.
Payment Methods
The minimum deposit to invest with 247FXTRADEOPT is $500. This brokerage house only allows its clients to make a deposit and withdrawal through cryptocurrency, which is dangerous.
Customer Support
247FXTRADEOPT boasts that it provides 24x7 customer support. Clients with any inquiries or trading-related issues can reach out this broker through the following contact channels:
Telephone: +1(251) 317-7335
Email: info@247fxtradeopt.com
Online chat
Risk Warning
Trading leveraged products such as forex, cryptocurrencies and derivatives may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that your fully understand the risks involved, taking into account your investments objectives and level of experience.
The information presented in this article is intended solely for reference purposes.
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