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No Regulation
Score
1.47 /10
Danger
fx247option
2-5 yearsSuspicious Regulatory License
Suspicious Scope of Business
High potential risk
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Comparison
Expose
Exposure
Open Account
Website
Score
Regulatory Index0.00
Business Index6.67
Risk Management Index0.00
Software Index4.00
License Index0.00
Open Account
Website
Licenses
No valid regulatory information, please be aware of the risk
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
1G
40G
open now
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Warning: Low score, please stay away!
Previous Detection :
2024-12-25
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
WikiFX Verification
Note: Fx247option's official website: https://www.fx247option.com/ is currently inaccessible normally.
| Fx247optionReview Summary | |
| Founded | 2023 |
| Registered Country/Region | United States |
| Regulation | Unregulated |
| Market Instruments | Forex, etc. |
| Demo Account | / |
| Leverage | / |
| Spread | / |
| Trading Platform | MT4, MT5 |
| Min Deposit | / |
| Customer Support | Email: support@FX247Option.com |
Established in 2023, Fx247option is a forex broker based in the United States. However, Fx247option operates without regulatory oversight from any reputable financial body.
Pros and Cons
| Pros | Cons |
| MT4 and MT5 supported | Not regulated |
| Inaccessible website | |
| Lack of transparency |
Is Fx247option Legit?
FX247Option is unregulated, lacking oversight from any authority.
This absence of regulation raises risks about investor protection and transparency. Without regulation, there's a risk of fraudulent activities, manipulation, and loss of funds.
Trading Platform
Fx247option claims of offering MetaTrader4 and MetaTrader5,users report being presented with a different dashboard upon signing up, where trading functionality is not enabled.
Deposit and Withdrawal
FX24Option advertises multiple payment methods including credit and debit cards, as well as Poli. However, upon signing up, users have reported that the platform only supports Bitcoin transactions.
Unlike traditional payment methods like bank cards, crypto payments are irreversible, which means users have limited recourse in case of disputes or fraudulent transactions. Due to the anonymous nature of crypto transactions, there may be increased susceptibility to scams or misuse of funds.
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