About 247 Exness
Founded within the last 5 years and registered in Seychelles, 247 Exness lacks regulatory oversight. The available tradable assets and trading platform remain unclear, adding to the uncertainty. While they offer phone and email support, the lack of regulation and transparency surrounding core aspects of their service is a cause of concern.
Regulation: Is 247 Exness legit？
The regulatory status of 247 Exness is a matter of significant concern. While the broker claims to hold a Financial Services Authority (FSA) license in Seychelles, this license actually belongs to Exness (SC) Ltd, another big broker Exness's entity in Seychelles.
Unaccessible Website
Currently, the official website of 247 Exness (https://247exness.com/) is inaccessible. This situation presents a substantial obstacle for both potential and existing clients seeking information about the broker's services, terms, and operational details.
Trading Platform
247 Exness does not offer the widely-used MetaTrader 4 (MT4) or MetaTrader 5 (MT5) platforms. The absence of these popular trading platforms may significantly impact the trading experience and available tools for clients, potentially limiting their trading options and analysis capabilities. MT4 and MT5 are industry standards known for their reliability, extensive features, and wide acceptance among traders. The lack of these platforms raises questions about what alternative trading solutions, if any, 247 Exness provides to its clients.
Contact Information
247 Exness provides two primary methods of contact:
- Phone: +1 857 240 9011
- Email: info@247exness.com
While these contact details are provided, their reliability should be verified independently, given the concerns about the broker's legitimacy. It's worth noting that the phone number has a US area code, which seems inconsistent with a Seychelles-based company. This discrepancy adds another layer of uncertainty to the broker's operational structure and transparency.
Conclusion
To provide a summary, 247 Exness is an unregulated broker with a low score on WikiFX, in this way, WikiFX does not advise to trade with this broker. As this broker may not have enough credit to secure your funds. If you want to know more information about the reliability of certain brokers, you can open the WikiFX website (https://www.WikiFX.com/en), or download the WikiFX APP to find the most trusted broker for yourself.
FAQs
Is 247 Exness legit？
The legitimacy of 247 Exness is highly questionable. The broker's claim to a regulatory license that belongs to a different company, combined with an inaccessible website, suggests potential fraudulent activity. Traders should exercise extreme caution and avoid engaging with this broker.
Is 247 Exness good for beginners？
247 Exness is not recommended for beginners or any other category of trader. The lack of transparency, questionable regulatory claims, and absence of popular trading platforms make it unsuitable for trading activities. Beginners should seek out regulated, transparent brokers with established reputations and comprehensive educational resources.
Is it safe to trade with 247 Exness？
Trading with 247 Exness appears to carry extremely high risks. The misrepresentation of regulatory status, inaccessible website, and overall lack of transparency indicate that it is not safe to trade with this broker. Traders should prioritize their financial security by choosing regulated and reputable brokers instead.
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies. In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then.
