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Operating status: SCAM
Website: https://247cryptoreturns.com/

247 Crypto Returns claims to be owned and operated by P24O ltd, a company regulated by the US Financial Services Authority (MFSA) with license number IS/560000. Besides, this broker also shows the abbreviations of some regulatory bodies including the UK FCA, German BaFin, French AMF, and Italian CONSOB on its website, but does not state whether it is regulated by them.
First, please be informed that MFSA is the abbreviation of the Malta Financial Services Authority instead of the US Financial Services Authority. Second, we searched MFSA, FCA, BaFin, AMF, and CONSOB. However, we did not find any match results for this broker in the above watchdogs' registries. The regulatory information this broker claim is a false statement for unsuspecting traders.
The truth is, 247 Crypto Returns is not under valid regulation by any regulators to do forex. Investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.
BrokersView found that the domain "https://247cryptoreturns.com/" is currently inaccessible. This is widely regarded as a significant red flag, as the suspension of a broker's website often points to underlying regulatory or operational issues.
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