About 247CryptoFX
Company Overview
247CryptoFX is a trading services provider registered in the United Kingdom under the name 247CryptoFX, with an official domain of 247cryptofxtrades.co. The company was incorporated on 28 April 2022, according to public corporate records. Its registered address is International House, 24 Holborn Viaduct, Holborn, London EC1A 2BN, UK.
Despite being registered as a UK company, 247CryptoFX does not appear on any financial regulator’s authorised firm list. Our records show no active regulatory licences from the Financial Conduct Authority (FCA) or any other recognised regulatory body. This absence of regulation is a critical factor for any trader considering the platform.
Regulatory Status
The most significant concern for 247CryptoFX is its lack of financial regulation. The company is not authorised or supervised by the FCA, nor does it hold licences from other major regulators such as CySEC, ASIC, or the FSCA. This means that traders are not protected by any regulatory compensation scheme or dispute resolution service.
Unregulated brokers carry inherent risks, including the potential for misconduct, lack of transparency, and difficulty recovering funds in case of disputes. Traders should exercise extreme caution and verify all claims independently before engaging with this entity.
Company Background
Registered as a private limited company in the UK, 247CryptoFX has a corporate history dating back to April 2022. The registered address is a typical serviced office location used by many companies, which does not provide specific insight into operational substance.
The company's name and domain suggest a focus on cryptocurrency and forex trading services, but without access to its official website, we cannot confirm the exact services offered. The lack of public presence and user reviews adds to the uncertainty surrounding this broker.
Risk Considerations
Trading with an unregulated broker carries elevated risks, including potential loss of funds without recourse. FXCanary’s Scam Risk Score for 247CryptoFX is 49 out of 100, indicating a guarded risk level. This score reflects the absence of regulatory oversight, limited public information, and the relatively recent incorporation date.
Prospective clients should conduct thorough due diligence, including verifying the company’s claims directly and considering alternative regulated brokers. The lack of independent reviews or established reputation further complicates any potential engagement.
Overview compiled by FXCanary from regulatory records and public data. full 247CryptoFX review