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TRADE MARKET

WikiFX | 2022-12-23 10:40

Abstract：TRADE MARKET 247, a trading name of trademarket247 LTD, is allegedly a forex and CFD broker registered in the United Kingdom that claims to provide its clients with various tradable financial instruments via four different live account types.

Note: TRADE MARKET 247 is to operate via the website - https://www.trademarket247.com/, which is currently not yet functional and no information about the company was immediately available. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

General Information & Regulation

Feature	Detail
Regulation	No Regulation
Market Instrument	Forex, CFDs on cryptocurrencies and other assets
Account Type	Starter, Premium, DElux and VIP
Demo Account	N/A
Maximum Leverage	N/A
Spread	N/A
Commission	N/A
Trading Platform	no
Minimum Deposit	$200
Deposit & Withdrawal Method	Bitcoin

TRADE MARKET 247, a trading name of trademarket247 LTD, is allegedly a forex and CFD broker registered in the United Kingdom that claims to provide its clients with various tradable financial instruments via four different live account types.

As this brokerage's website cannot be accessed, we were unable to obtain further details about its leverage, spreads, etc.

As for regulation, it has been verified that TRADE MARKET 247 currently has no valid regulation. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 1.39/10. Please be aware of the risk.

Market Instruments

TRADE MARKET 247 advertises that it offers access to a wide range of trading instruments in financial markets, including forex and CFDs on cryptocurrencies and other assets.

Account Types

TRADE MARKET 247 claims to offer four types of trading accounts, namely Starter, Premium, DElux and VIP, with minimum initial deposit requirements of $200, $500, $1,000 and $2,000 respectively. In comparison, licensed brokers allow setting up a starter account with a minimum deposit of $100 or even less.

Trading Platform Available

Factually, there is no trading platform available at TRADE MARKET 247. Anyway, you had better choose brokers who offer the leading MT4 and MT5, which are highly praised by traders and brokers alike due to their ease of use and great functionality, offering top-notch charting and flexible customization options. They are especially popular for their automated trading bots, a.k.a. Expert Advisors.

Deposit & Withdrawal

TRADE MARKET 247 accepts payments solely with Bitcoin. The minimum initial deposit requirement is said to be $200.

Customer Support

TRADE MARKET 247s customer support can be reached by telephone: +1 530 431 8039, email: SUPPORT@TRADEMARKET247.COM. Company address: 4th Floor The Harbour Centre, 42 N Church St, George Town, Cayman Islands.

Pros & Cons

Pros	Cons
• Multiple tradable assets and account types offered	• No regulation
	• Website inaccessible
	• No trading platform
	• High minimum deposit ($200)
	• Only Bitcoin payments supported

Frequently Asked Questions (FAQs)

Q 1:	Is TRADE MARKET 247 regulated？
A 1:	No. It has been verified that TRADE MARKET 247 currently has no valid regulation.

Q 2:	Does TRADE MARKET 247 offer the industry-standard MT4 & MT5？
A 2:	No. There is no trading platform available at TRADE MARKET 247.

Q 3:	What is the minimum deposit for TRADE MARKET 247？
A 3:	The minimum initial deposit at TRADE MARKET 247 to open the most basic account is $200.

Q 4:	Is TRADE MARKET 247 a good broker for beginners？
A 4:	No. TRADE MARKET 247 is not a good choice for beginners. Not only because of its unregulated condition, but also because of its inaccessible website.

Broker Dealer Currency Pair Forex trading Forex Broker Forex Currency pair forex market Bitcoin Ethereum Cryptocurrency CFDs

Related broker

Not Regulated

TRADE MARKET 247

Company name：trademarket247 LTD

Score

1.55

Website：https://www.trademarket247.com/

5-10 years | Questionable Regulatory License | Suspicious Operational Region | High Potential Risk

Score

1.55

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