Fx Option Trade247 Review
70
Review
Fast Facts
Contact Info and Support
Traffic information
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| Ratings | Global Rank | - |
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| Engagement metrics | Visits | 0 |
| Bounce Rate | 0 | |
| Pageviews per Visit | 0 | |
| Avg. Visit Duration | 0 | |
| Estimated monthly visits | July 2025 | 0 |
| August 2025 | 0 | |
| September 2025 | 0 | |
| Traffic sources | Social | - |
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About Fx Option Trade247
Fx Option Trade247 is not regulated by any recognized financial authority. The Cyprus Securities and Exchange Commission issued a warning stating that Fx Option Trade247 does not belong to any entity authorized to provide investment services or perform investment activities; the claimed licensing by CySEC (License No. 199/13), the U.S. National Futures Association (NFA ID: 0486419), and the Seychelles FSC (License No. C116016172) are false and actually correspond to BDSwiss, which has no connection to this broker; the CySEC warning was published on July 6, 2020.
The operator behind Fx Option Trade247 is registered as Expert Ltd. in Seychelles (address: Tenancy 10, Marina House, Eden Island, Mahé, Seychelles). Despite this, no valid regulatory oversight is in place, and the broker is widely recognized as a clone and scam firm. It falsely presents itself as regulated by multiple authorities to mislead clients, but offers no protections such as segregated accounts, compensation schemes, or compliance with KYC/AML standards.
Multiple reports and reviews document severe issues: clients have experienced withdrawal scams involving demands for multiple additional payments (e.g., “signal boost”, “legal fees”, “withdrawal address” fees) totaling thousands of U.S. dollars before funds were blocked. The domain has also reportedly been suspended or become inaccessible, further raising operational concern.
Who it’s for
- No verifiable legitimate user base exists; the broker appears to target uninformed or inexperienced traders seeking unregulated services.
- Appears directed at clients in jurisdictions with limited enforcement, exploiting the unregulated status for fraudulent purposes.
Pros and cons
Pros
- No legitimate benefits identified; claims of regulation are fraudulent and unverifiable.
Cons
- Lacks any valid regulatory oversight; licences claimed are fraudulent and belong to BDSwiss.
- Subject of a formal warning by CySEC, declaring it unauthorized to provide financial services.
- Documented withdrawal scams involving excessive and deceptive fees.
- High risk of fund loss due to absence of client fund protection mechanisms or transparency.
