TRADE MARKET 247

TRADE MARKET 247 is a trading name of trademarket247 LTD, a company incorporated in the United Kingdom on 21 May 2020. The broker presents itself as an online forex and CFD broker, offering trading services to retail clients globally. Despite its UK registration, the broker's registered address is located at 4th Floor The Harbour Centre, 42 N Church St, George Town, Cayman Islands, a jurisdiction known for its offshore financial services.

Our review found no evidence of regulatory oversight from any financial authority, including the UK's Financial Conduct Authority (FCA) or other major regulators. The absence of regulation is a significant factor for traders to consider, as it means the broker is not required to adhere to strict standards regarding client fund segregation, capital adequacy, or dispute resolution.

As of our latest assessment, TRADE MARKET 247 is not regulated by any known financial regulator. The company's registration in the United Kingdom does not imply authorization to offer financial services, as UK companies must be separately authorized by the FCA to conduct regulated activities. The Cayman Islands address further distances the entity from UK regulatory oversight.

FXCanary's research team cross-checked the company's registration against public registers and found no matching license from the FCA or any other reputable body. This lack of regulation exposes clients to higher risks, including potential loss of funds without recourse to a compensation scheme.

According to the broker's website, TRADE MARKET 247 offers four live account types: Standard, Silver, Gold, and VIP. Each account is designed to cater to different trading styles and investment sizes, with varying minimum deposit requirements, spreads, and leverage options. The broker claims that all accounts provide access to the same range of instruments and platforms.

Trading conditions such as spreads and leverage are not explicitly detailed on the site, but the broker suggests that higher-tier accounts receive tighter spreads and higher leverage limits. Traders should note that the lack of transparent pricing information makes it difficult to compare conditions with regulated brokers.

TRADE MARKET 247 says it supports the MetaTrader 4 (MT4) platform, a popular choice among retail traders for its robust charting tools and automated trading via Expert Advisors. The broker also indicates compatibility with mobile devices, allowing traders to manage positions from anywhere.

The broker claims to offer a broad selection of over 200 tradable instruments, including major and minor forex pairs, indices, commodities (such as gold and oil), and cryptocurrencies. However, the exact list of instruments is not publicly available without opening an account, which limits pre-commitment research.

The broker's website lists several funding methods, including bank wire transfers, credit/debit cards, and e-wallets like Skrill and Neteller. It states that deposits are processed instantly or within one business day, depending on the method. Withdrawal requests are said to be processed within 24 hours, though the actual time to receive funds may vary.

TRADE MARKET 247 does not disclose any fees for deposits or withdrawals on its site, but third-party payment providers may impose their own charges. The lack of clear information on transaction costs is a concern for traders who need to manage their trading budget effectively.

TRADE MARKET 247 is a relatively new broker operating without regulatory oversight. While it presents a professional website and claims to offer competitive trading conditions, the absence of regulation is a major red flag. Traders are advised to exercise extreme caution and consider only fully regulated brokers for their forex and CFD trading activities.

FXCanary has assigned a Scam Risk Score of 43/100 (Guarded), reflecting the elevated risk due to the lack of regulatory transparency and the offshore jurisdiction. We recommend that traders perform thorough due diligence and consider alternative brokers with clear regulatory standing.