Score

1.49 /10
Danger

TRADE MARKET 247

United Kingdom

2-5 years

Suspicious Regulatory License

High potential risk

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Score

Regulatory Index0.00

Business Index6.85

Risk Management Index0.00

Software Index4.00

License Index0.00

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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

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Warning: Low score, please stay away! 2
Previous Detection : 2024-11-11
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

TRADE MARKET 247 · Company summary

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.

General Information & Regulation

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.

Trading Platform Available

Deposit & Withdrawal

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

Deposit & Withdrawal

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.

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FX1178334605
more than one year
It is my request to all traders don’t trust this broker. It is a complete fraud company. They will guide you for 1 month very properly and politely. But after that, they will steal all your amounts and tell you that market was not stable.
It is my request to all traders don’t trust this broker. It is a complete fraud company. They will guide you for 1 month very properly and politely. But after that, they will steal all your amounts and tell you that market was not stable.
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2022-12-19 14:07
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