247PROFX

247PROFX is a forex brokerage entity that was reportedly founded on December 19, 2022, and claims to be registered in the United States. The company lists its official domain as 247-profx.com and provides a registered address at 12 Kensington Gardens, Ferryhill, DL17 USA. It is important to note that the postal code DL17 is actually a UK postcode for County Durham, which raises questions about the legitimacy of the US registration.

As of the time of this review, there are no independent user reviews or verified public records that shed light on the broker's operations. The lack of verifiable information makes it difficult to assess the services offered or the credibility of the broker.

Our records indicate that 247PROFX holds no known regulatory licenses from any financial authority. The broker is not listed with major regulators such as the FCA, CySEC, ASIC, or the NFA. This absence of regulation means that traders have no recourse to any ombudsman or compensation scheme in the event of a dispute.

FXCanary's assessment assigns a Scam Risk Score of 49 out of 100, labelled 'Guarded.' This score reflects the high level of uncertainty surrounding the broker's regulatory status and the lack of transparent information. Traders should exercise extreme caution when considering any dealings with an unregulated broker.

Given the limited publicly available information, the unregulated status, and the suspicious address that mismatches the claimed US registration, 247PROFX presents a significant risk for potential clients. The broker's recent founding in late 2022 adds to the lack of a track record.

Without verified data on account types, trading platforms, or financial instruments, it is impossible to recommend this broker for any level of trader. FXCanary advises traders to avoid unregulated entities and to seek brokers that offer transparency and regulatory oversight.