The Official Website Of SevenTrade24 Cannot Be Accessed Normally At Present. The Company Seems To Have Closed Down. Therefore We Can Only Collect Some Relevant Information For Reference Only.
2022-06-23 CONSOB Adds SevenTrade24 To The Warning List
The Italian National Securities And Exchange Commission CONSOB Has Issued A Warning That SevenTrade24 Provides Investment Services And Business Without Authorization. You Can Check The Following Website For Details: Https://www.consob.it/web/consob-and-its-activities/press-releases
2022-06-28 We Have Reviewed And Confirmed That SevenTrade24 Is An Unregulated Foreign Exchange Broker
SevenTrade24 Claims To Be A Licensed Online Broker Regulated By The International Financial Services Commission (IFSC) With Authorization Number IFSC/XX/SevenTrade24/XX/XX.
IFSC Is A Former Belize Government Entity Responsible For Financial Regulation. Now, IFSC Has Been Changed To The Financial Services Commission (FSC). But We Did Not Find Any Results In Belize FSC That Matched SevenTrade24. That Is, SevenTrade24 Shows False Regulatory Claims.
More Importantly, The Italian National Securities And Exchange Commission CONSOB Has Issued A Warning That SevenTrade24 Is Providing Investment Services And Business Without Authorization. That Is, SevenTrade24 Is An Unregulated Forex Dealer.
Based On The Above Information, We Can Conclude That SevenTrade24 Is A Fake Broker.
Due To The Inability To Access The Broker's Website At This Time, We Are Also Unable To Obtain More Direct Details About Its Trading Assets, Leverage, Spreads, Trading Platform, Minimum Deposits, Etc.
As For Regulation, It Has Been Verified That SevenTrade24 Has Not Obtained Any Valid License At Present.
But Most Non-compliant Brokers Will Not Disclose To Provide Other More Direct And Truthful Contact Information, Such As Phone Numbers Or Company Addresses.
Note: SevenTrade24 As A, Unregulated Broker, Which Means That The Client's Investment May Not Be Adequately Protected. Due To The Lack Of A Regulator To Hold The Company Accountable, The Lack Of Regulation Increases The Risk Of Potential Financial Losses.
If Investing In An Unregulated Broker, There Is A Good Chance That They Will Run Away With Your Hard-earned Money Without Any Recourse. Therefore, Investors Must Be Extremely Cautious And Remind Everyone To Stay Away From These Unregulated As Much As Possible When Choosing A Broker.
