About 27Forex
Company Overview
27Forex is a retail forex broker registered in the United Kingdom, with an official domain at 27forex.com. The company was founded on May 29, 2020. Our records indicate that the broker does not hold any regulatory licences from recognised financial authorities. This absence of regulation is a significant factor for traders to consider when evaluating the safety of their funds.
Account Types
The broker provides four account types designed to accommodate different levels of trader experience and capital. The Micro Account, with a $20 minimum deposit, is intended for beginners or those wishing to trade small sizes. The Mini Account requires $200, while the Prime Account starts at $500. The ECN Account, at $1,000, offers raw spreads and direct market access. Leverage varies by account, from 1:200 up to 1:500.
Regulatory Status
27Forex is not regulated by any major financial regulatory body, such as the Financial Conduct Authority (FCA) in the UK or the Cyprus Securities and Exchange Commission (CySEC). Although the company is registered in the United Kingdom, company registration alone does not imply financial oversight. This lack of regulation means that traders have no recourse through an independent ombudsman or compensation scheme in case of disputes.
Social Media and Presence
The broker maintains pages on Facebook and Twitter/X. However, given its relatively recent establishment and unregulated status, its online presence appears limited. Traders should be cautious as low public visibility can sometimes be associated with higher risk.
Risk Considerations
The combination of high leverage, low minimum deposits, and no regulation creates a riskier trading environment. Leverage of up to 1:500 can magnify losses significantly, and without regulatory safeguards, client funds may not be segregated or protected. Traders are advised to conduct thorough due diligence before depositing funds.
Overview compiled by FXCanary from regulatory records and public data. full 27Forex review