FX247Option

Note: Fx247option's official website: https://www.fx247option.com/ is currently inaccessible normally.

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

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.