N247 I

N247 I is a China-based brokerage entity that operates through the domain n247i.com. According to our records, the firm was established on April 12, 2022, and is registered in the People's Republic of China.

Despite its relatively recent market entry, N247 I presents itself as a provider of leveraged forex and CFD trading services, primarily targeting retail traders with a range of account tiers and high leverage options.

Our records indicate that N247 I currently holds no known regulatory licences from any financial authority. This absence of regulatory oversight is a significant factor for traders to consider, as it means the broker is not subject to the capital adequacy, reporting, or client protection standards enforced by recognised regulators.

FXCanary's proprietary Scam Risk Score for N247 I stands at 54 out of 100, which falls into the 'Elevated' risk category. This score reflects the lack of verifiable regulation and the limited public information available about the firm's operations and financial standing.

N247 I offers three distinct account tiers: Micro, Standard, and VIP. The Micro account requires a minimum deposit of $250 and provides a maximum leverage of 1:200. The Standard account steps up to a $5,000 minimum deposit with leverage up to 1:400. For high-net-worth individuals, the VIP account demands a $50,000 minimum deposit and offers the highest leverage at 1:500.

These tiers suggest that the broker aims to accommodate a range of capital levels, from modest retail traders to substantial investors. However, the high minimum deposits for the Standard and VIP accounts are notably above industry averages, which may limit accessibility for many retail participants.

Our records do not provide specific information on the tradable instruments offered by N247 I. Typically, forex brokers provide currency pairs, indices, commodities, and possibly cryptocurrencies, but this has not been confirmed for this entity.

Similarly, details regarding trading platforms (such as MetaTrader 4/5 or proprietary solutions) are absent from our data. This lack of transparency around product and platform offerings makes it difficult for potential clients to assess the broker's suitability for their trading needs.

Given the account structures, N247 I appears to court both small-scale traders via the Micro account and more serious investors through the Standard and VIP plans. The high leverage options, particularly the 1:500 on VIP accounts, may appeal to those seeking amplified market exposure.

However, the absence of regulatory protections and limited publicly verifiable information suggests that only experienced traders willing to assume significant risk should consider this broker. Novice traders or those prioritising fund security are unlikely to find N247 I a suitable partner.

In FXCanary's assessment, the scarcity of independent information about N247 I is a red flag. The broker's official website (n247i.com) does not appear in our search results, and no user reviews are available to corroborate its claims.

Traders should approach this entity with caution. Without regulatory oversight or a track record of client feedback, the risk of engaging with N247 I is elevated. We recommend conducting thorough due diligence and considering alternative, regulated brokers.