247OptionsTrade Review: is 247 Options Trade a Scam or Legit Broker?

247OptionsTrade is a Forex and CFD broker that claims it is located at 22/121 Apple Street, New York, NY 10012, USA. 247 Options trade contact phone number is +1(510)379-7129 and email address is [email protected]

247 Options Trading Platform

Trading platforms are the interface where the trading on assets such as commodities, currencies, stocks or indices are done. A good trading platform should have charting tools and indicators, it should also be easy to use and very fast in executing trades.

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Withdrawal and Deposit Method

247 Options Trade withdrawal and deposit methods could be carried out by the following means: Visa, Bank Wire transfer, MasterCard, Skrill. The minimum deposit is $500

Disturbing Things Found About 247OptionsTrade

247 Options Trade claims it is located in the USA at the address 22/121 Apple Street, New York. We did a thorough search and discovered that it is actually a lie, the so called address is where AAH Consultants(an engineering firm) are located which in no way is related to the 247OptionsTrade broker. Also the 247 Options claims to be regulated by the CySEC and FSC of Mauritius, a brief search on the CySEC website will show you that nothing of such exists, and also the FSC issued a warning against this broker that it has never been licensed, therefore the certificate on 247Options website is fake. The false claims by this broker puts investors at risk.

License and Regulation

247 Options Trade is NOT a licensed broker. This means there are no regulatory bodies that monitors their activities to ensure they stick to best practices. Complaints about most unlicensed brokers are withdrawal issues(not being able to withdraw your money) and since they are unlicensed and unregulated, no regulatory bodies can fight for you, so you are left helpless. This is a source of major concern.

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Summary
Review Date
Reviewed Item
247 Options Trade
Author Rating
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GPS Forex Robot

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