The UK FCA Added 247TradesFX into Its Warnings On 4 Oct 2022, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that 247TradesFX was providing financial services or products in the UK without authorisation. You may visit: https://www.fca.org.uk/news/warnings/247-trades-fx

BrokersView has Reviewed that 247TradesFX is an Unregulated Forex Broker 247TradesFX, operated by PFXC Limited, claims to be regulated by "the US Financial Services Authority (UFSA)". However, "UFSA" is not a forex regulator. In addition, we searched National Futures Association (NFA) of the United States but found no results that matched this broker. That means the company is not authorized by NFA to provide financial services in the USA. The broker also claims to be regulated by : 1) United Kingdom Financial Conduct Authority (FCA); 2) France Autorité des Marchés Financiers (AMF); 3) Germany Federal Financial Supervisory Authority (BaFin); 4) Italy Commissione Nazionale per le Società e la Borsa (CONSOB); 5) Spain Comisión Nacional del Mercado de Valores (CNMV). 6) Finanstilsynet, DenmarkHowever, upon searching, we did not find any results that matched this broker. That means 247TradesFX is not regulated by any of them. Moreover, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that 247TradesFX was providing financial services or products in the UK without authorisation.The truth is that 247TradesFX is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, it is a scam.