SevenTrade24 Review : Fees, Pros and Cons, Reviews by Real Traders

SevenTrade24

Operating status: SCAM

Website: https://seventrade24.com/

Broker violations and abnormal records

Jun 22, 2022 CONSOB Added SevenTrade24 into its Warnings
The Italian financial authority CONSOB issued a warning that SevenTrade24 has not been authorized to carry out investment services and activities. You may check https://www.consob.it/web/consob-and-its-activities/press-releases

The Italian financial authority CONSOB issued a warning that SevenTrade24 has not been authorized to carry out investment services and activities. You may check https://www.consob.it/web/consob-and-its-activities/press-releases
Jun 27, 2022 BrokersView has reviewed that SevenTrade24 is an Unregulated Forex Broker
SevenTrade24 shows that it is a licensed online broker, regulated under The International Financial Services Commission (IFSC) authorization number IFSC/XX/SevenTrade24/XX/XX.
The IFSC is the former Belize government agency responsible for financial regulation. Now the IFSC was transformed into the Financial Services Commission (FSC) by now. But no matching records for SevenTrade24 found on Belize FSC. That is to say, SevenTrade24 has a false regulation statement.
What's more, the Italian financial authority CONSOB issued a warning that SevenTrade24 has not been authorized to carry out investment services and activities. That is to say, the company is an unregulated forex broker.
Based on the above information, we can conclude that SevenTrade24 is a scam.

SevenTrade24 shows that it is a licensed online broker, regulated under The International Financial Services Commission (IFSC) authorization number IFSC/XX/SevenTrade24/XX/XX.The IFSC is the former Belize government agency responsible for financial regulation. Now the IFSC was transformed into the Financial Services Commission (FSC) by now. But no matching records for SevenTrade24 found on Belize FSC. That is to say, SevenTrade24 has a false regulation statement.What's more, the Italian financial authority CONSOB issued a warning that SevenTrade24 has not been authorized to carry out investment services and activities. That is to say, the company is an unregulated forex broker. Based on the above information, we can conclude that SevenTrade24 is a scam.
Nov 17, 2022 BrokersView has found that SevenTrade24 is not working
BrokersView found the domain "https://seventrade24.com/" is not working, as most probably it was suspended and it is always a bad sign when broker's website is suspended.

BrokersView found the domain "https://seventrade24.com/" is not working, as most probably it was suspended and it is always a bad sign when broker's website is suspended.

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