21st Finance

21st Finance is a forex and CFD broker registered in the United Kingdom, having been founded on 29 March 2023. The company lists its registered address as 35 Winwick St, Warrington WA2 7TT.

Despite its UK registration, 21st Finance is not regulated by any recognised financial authority. This absence of oversight is a significant factor for traders to consider, as it means the broker operates without the investor protections typically afforded by regulated entities.

Our records show that 21st Finance holds no regulatory licences from any major financial regulator. The broker's registration in the UK as a company does not equate to being authorised by the Financial Conduct Authority (FCA).

For a broker offering leveraged trading products, the lack of regulation is a major red flag. Traders should be aware that in the event of a dispute or a default, there is no recourse to a regulatory ombudsman or compensation scheme.

21st Finance provides three tiered account options tailored to different experience levels and capital sizes. The Beginner account requires a minimum deposit of $150 and offers a maximum leverage of 1:100. The Confident account requires $1,000 minimum deposit and increases leverage to 1:500. The Expert account is designed for high-net-worth individuals with a $10,000 minimum deposit and also provides maximum leverage of 1:500.

All accounts appear to focus on leverage rather than differences in spreads or platform features. The availability of leverage as high as 1:500 is considered very high by industry standards and carries significant risk.

The specific instruments offered by 21st Finance were not disclosed in our known facts. Typically, brokers offering such account types provide forex pairs, indices, commodities, and possibly cryptocurrencies.

Without clear information on tradable assets, it is difficult for potential clients to assess whether the broker meets their trading needs. This lack of transparency is a common concern with unregulated brokers.

Based on the account tier structure, 21st Finance appears to target a wide range of retail traders, from beginners with a low entry barrier to experienced traders seeking high leverage. The large minimum deposit for the Expert account suggests an attempt to attract wealthier clients.

Given the high risk implied by the leverage and the lack of regulation, the broker may be particularly appealing to speculative traders willing to take on substantial risk.