24htrading

24htrading is a company registered in the United Kingdom on 17 March 2020. Its registered address is 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ. This address is commonly used as a virtual office and company registration service, which may indicate the entity does not operate from a physical trading floor.

As of the date of this review, 24htrading does not hold any regulatory licences from the Financial Conduct Authority (FCA) or any other known financial regulator. The absence of regulation means that clients would not benefit from the protections afforded by regulated brokers, such as access to compensation schemes or dispute resolution services.

Our records show that no regulatory licences are on file for 24htrading. In the UK, firms offering financial services must be authorised by the FCA; 24htrading is not listed on the FCA register. This lack of oversight is a significant concern for potential clients, as it means the broker is not subject to standard capital adequacy requirements, client money segregation rules, or regular audits.

Traders considering this entity should be aware that unregulated brokers pose higher risks, including potential difficulties in recovering funds in case of disputes or insolvency. FXCanary strongly advises verifying any broker's regulatory status before committing funds.

The registered address at 71-75 Shelton Street is a well-known location for company registrations in London, often used by incorporations that do not maintain a physical office there. This does not necessarily indicate wrongdoing, but it suggests the company may not have a substantial operational presence at that address.

For a financial services firm, having a credible physical office and clear operational base is important for building trust. The use of a virtual office address, combined with the lack of regulatory oversight, should prompt additional due diligence.

FXCanary’s Scam Risk Score for 24htrading is 45 out of 100, categorised as 'Guarded'. This score reflects the absence of regulatory licences and the limited publicly available information about the broker’s operations. While not an outright scam, the lack of transparency and oversight means traders should approach with caution.

We recommend that traders only deal with brokers that are regulated by a reputable authority and that provide clear information about their services, trading conditions, and client protections. For 24htrading, we have been unable to verify any of these aspects beyond the basic company registration.