About FX-Quote247
Overview
FX-Quote247 is a brokerage entity registered in Bulgaria, established on 25 October 2021. The company lists its registered address at Second Floor, ul."Osogovo" 38-40, 1303 Sofia Center, Bulgaria.
As of the date of this introduction, FX-Quote247 does not hold any known regulatory licences from major financial authorities. This absence of regulation is a significant factor for traders to consider when evaluating the broker's credibility and operational standards.
Regulation and Safety
The broker is not regulated by any recognised financial regulator, such as the Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), or other major bodies. FXCanary has assigned FX-Quote247 a Scam Risk Score of 52 out of 100, indicating an elevated risk level.
Traders are advised to exercise caution when dealing with unregulated brokers, as there is no external oversight to ensure fair treatment, segregation of client funds, or adherence to standard industry practices.
Company Background
FX-Quote247 was founded in October 2021 and is headquartered in Sofia, Bulgaria. The company’s registration as a legal entity in Bulgaria suggests a European presence, but without a regulatory licence, clients may have limited recourse in case of disputes.
The broker's limited public footprint and lack of verifiable online presence make it difficult to assess its operational history or track record.
Products and Services
Based on the available information, FX-Quote247 appears to offer forex and possibly CFD trading services. However, specific details about tradable instruments, platform offerings, or account types are not publicly available from authoritative sources.
Traders should be aware that the lack of transparent information about trading conditions is a common trait among brokers with elevated risk profiles.
Client Feedback
No independent client reviews or user feedback could be identified for FX-Quote247 at the time of this review. The absence of testimonials or complaints in publicly accessible forums further limits the ability to gauge client experiences.
Potential clients should treat this information void as a cautionary sign, as transparency is a key attribute of trustworthy brokers.
Overview compiled by FXCanary from regulatory records and public data. full FX-Quote247 review