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Ok247Trade
Operating status: SCAM
Website: https://ok247trade.com/
Broker violations and abnormal records
Ok247Trade purports to be based in Germany. However, there's no evidence to suggest that it's registered with the country's financial regulator, the Federal Financial Supervisory Authority (BaFin).
In addition, it provides a phone number and an office address located in the UK, but it doesn't appear to adhere to local regulations. It's operating in the UK without the necessary authorization from the Financial Conduct Authority (FCA).
The lack of regulatory oversight could potentially lead to fraudulent activities and identity theft. Investors who choose to trade with Ok247Trade are not protected by any legal framework. Given these circumstances, Ok247Trade could potentially be a scam, and traders are advised to exercise extreme caution and avoid it.
Ok247Trade purports to be based in Germany. However, there's no evidence to suggest that it's registered with the country's financial regulator, the Federal Financial Supervisory Authority (BaFin).In addition, it provides a phone number and an office address located in the UK, but it doesn't appear to adhere to local regulations. It's operating in the UK without the necessary authorization from the Financial Conduct Authority (FCA).The lack of regulatory oversight could potentially lead to fraudulent activities and identity theft. Investors who choose to trade with Ok247Trade are not protected by any legal framework. Given these circumstances, Ok247Trade could potentially be a scam, and traders are advised to exercise extreme caution and avoid it.
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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:
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