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Trade Zone247

United Kingdom|2-5 years|
Suspicious Overrun|High potential risk|

https://tradezone247.com/

Website

Rating Index

Contact

support@tradezone247.com
https://tradezone247.com/

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Disclosure

Danger

MT MFSA
2020-08-13

Check whenever you want

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Warning: Low score, please stay away! 6
Previous Detection : 2024-11-08
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!
  • The United KingdomFCA regulation (license number: 595195) claimed by this broker is suspected to be clone. Please be aware of the risk!
  • The GermanyBaFin regulation (license number: 131055) claimed by this broker is suspected to be clone. Please be aware of the risk!
  • The FranceAMF regulation (license number: 74397) claimed by this broker is suspected to be clone. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

Trade Zone247 · WikiFX Survey
Danger A Visit to Trade Zone247 in Malta -- No Office Found
Malta

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Trade Zone247 · Company Summary

Note: Trade Zone247's official website: https://tradezone247.com/ is currently inaccessible normally.

Trade Zone247 is a global forex broker registered in the United Kingdom. It offers forex, indices, commodities, stocks, and cryptocurrencies with a leverage ratio of 1:200.However, the regulatory licenses of Trade Zone247 are suspicious clones. Please be aware of the risk.

Pros and Cons

Pros Cons
MT5 Trading PlatformSuspicious Clone Regulation
Multiple Trading ChoicesUnavailable Website
High Minimum Deposit
Limited Account Types
No Demo Accounts
Limited Customer Service Channels

Is Trade Zone247 Legit?

Trade Zone247 claims to possess three regulatory licenses, yet each one is a clone license.

Specifically, Trade Zone247 provides a so-called FCA license, license number 595195. However, this license is not held by Trade Zone247, but belongs to NSFX Limited.

A similar situation arises with Trade Zone247's so-called BaFin license. Trade Zone247 claims to obtain a license from BaFin with license number 131055.But once again proves that the license number belongs to Alchemy Markets Limited, not Trade Zone247.

Furthermore, the AMF license number 74397 belongs to NSFX Limited.

In conclusion, these licenses are all fake. You are advised stay away from this broker.

Regulatory Status Suspicious Clone
Regulated by United Kingdom
Licensed Institution NSFX Limited
Licensed TypeEuropean Authorized Representative (EEA)
Licensed Number595195
Suspicious clone FCA license
Regulatory Status Suspicious Clone
Regulated by Germany
Licensed Institution Alchemy Markets Limited
Licensed TypeCommon Financial Service License
Licensed Number131055
Suspicious clone BaFin license
Regulatory Status Suspicious Clone
Regulated by France
Licensed Institution NSFX Limited
Licensed TypeCommon Financial Service License
Licensed Number74397
Suspicious clone AMF license

What Can I Trade on Trade Zone247?

You can trade forex, indices, commodities, stock and cryptocurrencies on Trade Zone247.

Tradable Instruments Supported
Forex
Commodities
Indices
Cryptocurrencies
Stcoks
Mutual Funds

Leverage

Trade Zone247 claims to provide leverage up to 1:200, but it cannot be verified.

Spreads & Leverage

Trade Zone247 Fees

Trade Zone247 did not mention any information about commissions, but its minimum deposit is $500, which is quite high in the industry. The spread offered by Trade Zone247 is 3 pips for major currency pairs, which is double the industry average.

Trading Platform

Trade Zone247 claims to support MT5 trading, which is the most professional and popular trading platform in the world. But you are unable to download MT5 in the official website of Trade Zone247, so this is likely a scam.

Trading PlatformSupported Available Devices
MT4
MT5computer and mobile phone

Customer Service

You can only connect Trade Zone247 through email. Its customer service channel is very limited, which is also a dangerous signal.

Contact Options Details
Emailsupport@tradezone247.com
Supported LanguageEnglish
Website LanguageEnglish

The Bottom Line

The official website of Trade Zone247 is currently inaccessible, so we are unable to obtain more detailed information. Although it offers a wide variety of products, the high spreads may not make it an attractive option for many traders. Most importantly, it lacks legal regulation, so you are advised to choose a trader that is subject to legal regulation to ensure your asset safety.

FAQs

Is it safe to trade with Trade Zone247?

It is unsafe to trade with Trade Zone247 as their regulatory licenses are suspicious clones.

What is the minimum deposit at Trade Zone247?

The minimum deposit is $500.

What is the maximum leverage offered by Trade Zone247?

The maximum leverage is 1:200.

Broker Information

Company Name

TZ247 ltd.

Abbreviation

Trade Zone247

Regulatory Status

Suspicious Clone

Platform registered country and region

United Kingdom

Company website
Phone of the company

--

Twitter

--

Facebook

--

Instagram

--

YouTube

--

Company address

--

Linkedin

--

WhatsApp

--

QQ

--

WeChat

--

Customer Service Email Address
  • support@tradezone247.com

Company Summary

Review

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