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24smartstocksfx

Operating status: SCAM

Website: https://24-smartstocksfx.com/

Broker violations and abnormal records
  • Oct 30, 2022 BrokersView has Reviewed that 24smartstocksfx is an Unregulated Forex Broker

    24smartstocksfx claims to be an innovative binary option and Forex trading platform provider owned and operated by B.O. Tradefinancials Ltd, a New York investment firm licensed by the New York Securities and Exchange Commission and the Cyprus Securities and Exchange Commission (CySEC) with license number 216/13.

    First, the New York Securities and Exchange Commission is not a forex regulator which issues licenses for forex trading or regulates entities engaging in forex trading. Second, as for the regulation in CySEC, we indeed find a match result to B.O. Tradefinancials Ltd in CySEC. But this company is currently in a status of voluntary renunciation, which means this company is no longer under valid regulation.

    Third, 24smartstocksfx presents a registration document of its business registration in the Companies House of the United Kingdom (CH) with registration number 764643576. However, we did not find any match results for this broker in CH. Besides, the forex regulator in the UK is CH but the Financial Conduct Authority (FCA). But we also did not find any match results to 24smartstocksfx in FCA.

    The truth is, 24smartstocksfx 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.

    24smartstocksfx claims to be an innovative binary option and Forex trading platform provider owned and operated by B.O. Tradefinancials Ltd, a New York investment firm licensed by the New York Securities and Exchange Commission and the Cyprus Securities and Exchange Commission (CySEC) with license number 216/13.First, the New York Securities and Exchange Commission is not a forex regulator which issues licenses for forex trading or regulates entities engaging in forex trading. Second, as for the regulation in CySEC, we indeed find a match result to B.O. Tradefinancials Ltd in CySEC. But this company is currently in a status of voluntary renunciation, which means this company is no longer under valid regulation.Third, 24smartstocksfx presents a registration document of its business registration in the Companies House of the United Kingdom (CH) with registration number 764643576. However, we did not find any match results for this broker in CH. Besides, the forex regulator in the UK is CH but the Financial Conduct Authority (FCA). But we also did not find any match results to 24smartstocksfx in FCA.The truth is, 24smartstocksfx 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.

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Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

Disclaimer:

The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.