Is Secured247Trades a Scam?

When we at FXCanary sit down to judge whether a broker is safe to trade with, we do not rely on marketing pages or a broker's own description of itself. Instead we build a picture from the public regulatory record, the corporate registry, the broker's operational footprint, and any independent user testimony we can find. Each of those strands feeds into a Scam Risk Score that ranges from low to high, and it is that score — not a broker's claims — that we put in front of traders.

For Secured247Trades A/S, the picture is unusually thin. The broker is registered in Denmark, was founded in April 2022, and lists a Cyprus Securities and Exchange Commission (CySEC) licence on file. Yet our records show zero employees, no verifiable website or social-media presence, and no independent user reviews anywhere. That combination — a licensed entity that is almost invisible online — is precisely the kind of profile that demands caution. In FXCanary's assessment, the absence of evidence is itself evidence that a trader should proceed very carefully.

Our Scam Risk Score for Secured247Trades sits at 46 out of 100, which we classify as 'Guarded'. That is not a verdict that the broker is a scam, but it is a clear warning that the available information does not support a confident 'safe' rating. The score is built from several factors: the presence of a CySEC licence counts in the broker's favour, but that positive is heavily offset by the lack of any verifiable operational presence.

We found no clone or impersonator sites associated with the Secured247Trades name, which is a small positive — many fraudulent operations are quickly copied by other bad actors. But the risk flag on our file is blunt: 'No verifiable website or social-media presence'. For a broker that claims to offer forex execution, that is a serious red flag. A legitimate broker, even a small one, typically has at least a functioning domain and some trace of activity. Here, the official domain secured247onlinetrades.com is listed, but our records indicate it is not verifiable in practice.

The single most important fact in Secured247Trades' favour is the CySEC licence on file: a Forex Execution License (STP) with licence number 216/13, issued in Cyprus. CySEC is a well-known regulator within the European Economic Area, and a licensed broker is subject to the MiFID II framework, which brings client-money segregation, capital requirements, and conduct-of-business rules. In principle, that means client funds should be held separately from the broker's own money, and the broker must report to the regulator on an ongoing basis.

However, a licence on file is not the same as a licence in good standing. Our records show the status of that licence as a dash — neither active nor revoked, simply unconfirmed. We could not verify from the public register that the licence is currently valid and that the broker is meeting its regulatory obligations.

For a trader, that uncertainty matters. CySEC does offer an Investor Compensation Fund (ICF) that can compensate eligible clients up to €20,000 if a member firm fails, but that protection only applies if the licence is genuinely active and the broker is a contributing member. We cannot confirm that here.

Even where a CySEC licence is valid, it does not guarantee that a broker is honest or well run. Regulation sets a floor, not a ceiling. A licensed broker can still engage in poor execution practices, opaque fee structures, or aggressive sales tactics that push clients into unsuitable products. And when a broker has no verifiable website, no social media, and no user reviews, the regulator's oversight is the only thing standing between the client and potential harm.

In this case, the gap between the regulatory record and the operational reality is wide. A company registered in Denmark, with a registered address at Philip Heymans Alle 15 in Hellerup, but with zero employees on file, raises questions about whether there is any real operational team behind the brand. We are not saying that the broker is a shell company — we have no evidence of that — but we are saying that the available evidence is consistent with a very thin operation, and that is not a comfortable position for a trader to be in.

One area where Secured247Trades actually looks better than many obscure brokers is in the absence of clone sites. Our records show zero clone or impersonator domains associated with the name. That is notable because the forex industry is rife with fraudsters who create lookalike domains of legitimate (and sometimes illegitimate) brokers to steal login credentials and deposits. The fact that we found no such clones suggests that the broker is not yet a big enough target for that kind of attack.

That said, the absence of clones is a double-edged sword. It may mean the broker is too small to be worth cloning, which is not a point in its favour. And because the broker itself has no verifiable web presence, a trader searching for 'Secured247Trades' online is more likely to land on a random, unaffiliated site that merely uses the name. We would urge any trader considering this broker to treat any website other than the official domain with extreme suspicion, and even the official domain should be approached with caution given our inability to verify it.

We want to be explicit about the limits of our research. We found no independent user reviews of Secured247Trades — no forum posts, no trustpilot-style feedback, no complaints filed with regulators that we could access. That is a significant gap. For a broker that has been registered since 2022, the complete absence of any client voice is unusual. It could mean the broker has very few clients, or it could mean that the broker operates in a way that discourages public feedback.

We also could not verify the broker's trading conditions — spreads, commissions, leverage, or minimum deposit. The known facts do not include any of those figures, and we refuse to import numbers from web search results because of the high risk of confusing this broker with a similarly named entity. In FXCanary's assessment, a broker that does not clearly disclose its trading terms is not ready for retail clients. Transparency about costs is a basic expectation, and its absence here is a warning sign.

If, despite our guarded assessment, you are still considering Secured247Trades, we strongly advise you to take protective steps before depositing any money. First, verify the CySEC licence directly on the CySEC public register using the licence number 216/13, and check that the status is active and that the legal name matches Secured247Trades A/S. Do not rely on the broker's own website to confirm its licence — always go to the regulator's official database.

Second, start with the smallest possible deposit, and only trade money you can afford to lose entirely. Third, test the withdrawal process early — request a small withdrawal within the first week to see if the broker actually pays out. Fourth, keep records of all communications and transactions.

Finally, be alert to any pressure to deposit more or to move funds to a different account. If anything feels off, trust that instinct and walk away. In the absence of independent reviews, your own due diligence is the only real protection you have.

Secured247Trades A/S presents a paradox: it holds a CySEC licence on file, which is a legitimate regulatory credential, yet it is almost entirely invisible in the operational sense. No verifiable website, no social media, no employees on record, no user reviews. In FXCanary's assessment, that combination is not enough to call the broker a scam, but it is far from enough to call it safe. Our Scam Risk Score of 46/100 — 'Guarded' — reflects that ambiguity.

For a cautious trader, the prudent course is clear: treat this broker as high-risk until it demonstrates otherwise. That means verifying the licence independently, testing with minimal funds, and being ready to walk away at the first sign of trouble. We will continue to monitor the public record, and we will update this assessment if new information emerges. Until then, the burden of proof rests with the broker, not with the trader.