21st Finance

21st Finance operates under the domain 21stfinance.net and is registered in the United Kingdom, with an official address at 35 Winwick St, Warrington WA2 7TT, according to corporate records. The entity was founded on 27 December 2022, making it a relatively new participant in the online trading space.

Despite its UK registration, 21st Finance does not hold any regulatory licence from the Financial Conduct Authority (FCA) or any other recognised financial regulator. This absence of oversight is a significant factor for potential clients to consider, as it means the broker is not subject to standard investor protections such as compensation schemes or mandatory segregation of client funds.

21st Finance offers three account tiers tailored to different levels of trader experience and capital: Expert, Confident, and Beginner. The Expert account requires a minimum deposit of $10,000, the Confident account $1,000, and the Beginner account $150.

All three account types provide access to leverage, with the Expert and Confident accounts offering a maximum leverage of 1:500, while the Beginner account is limited to 1:100. This high leverage on the upper tiers can amplify both gains and losses, which is an important risk consideration for traders.

The known facts do not specify the trading instruments or platform offered by 21st Finance. Typically, brokers offering leveraged forex/CFD trading provide access to currency pairs, indices, commodities, and sometimes cryptocurrencies. However, without confirmed details from the broker's website, traders should verify the available instruments before committing funds.

Similarly, no information is available on the trading platform(s) used. Many brokers in this category utilise MetaTrader 4 or 5, proprietary platforms, or web-based solutions. Potential clients may need to contact the broker directly or visit its website to obtain this information.

Details on funding methods and withdrawal processes are not included in the known facts. Typically, brokers offer bank transfers, credit/debit cards, and e-wallets such as Skrill or Neteller. The absence of confirmed information means traders should approach with caution and ensure they understand the payment terms before depositing.

As with any unregulated broker, there is elevated risk regarding the security of deposited funds and the timeliness of withdrawals. FXCanary recommends that traders only deposit what they can afford to lose and consider the lack of regulatory safeguards.

21st Finance appears to target both retail and experienced traders through its tiered account structure. The Beginner account with a $150 minimum deposit is accessible to those new to trading, while the Expert account at $10,000 is aimed at high-net-worth individuals or professional traders seeking higher leverage.

However, the lack of regulation and limited publicly available information make this broker a high-risk choice for any investor. Traders, especially those new to forex, should exercise extreme caution and consider alternative brokers with established regulatory oversight.

In FXCanary's assessment, 21st Finance is a UK-registered broker with an unregulated status, offering three leveraged account types. The absence of a regulatory licence is a major red flag, as it leaves traders without recourse in case of disputes or broker misconduct.

While the tiered accounts may appeal to a range of traders, the overall risk profile is elevated. Our Scam Risk Score of 49 out of 100 reflects a 'Guarded' stance, meaning traders should either avoid this broker or conduct extensive due diligence beyond the information available. Without verified user reviews or independent audits, the prudent approach is to steer clear.