You might have seen advertisements on the internet about a way to earn money through trading, or perhaps you learned about it from friends or acquaintances. In fact, it doesn’t matter where you got this information; the most important thing is to find a good broker, because without one, even those who are well-versed in this field won’t be able to make their first profit. Nowadays, there are many scammers making money by deceiving trusting clients, which is why you should read the 247MetaTrades review. This is far from a good company.
Is 247MetaTrades a Trusted Platform?
If you are a beginner in the field of trading, finding a good broker, as mentioned earlier, is indeed a relevant issue. This company will not be a good option for collaboration, as its official website does not look reliable enough. If you study the information on the main page, you can see many points that raise doubts about its legality. For example, the offer of a 20% bonus as a gift for the first deposit. Regulators prohibit encouraging clients in this way.
The company offers guaranteed returns on its accounts. No organization can actually predict how the market will change, especially over such a long period. Some accounts state that profits will exceed 200% over 2-10 years, but how will this be possible if the asset disappears altogether or its price drops several hundred times? A trader takes a huge risk when acquiring an account with 247MetaTrades in the hope of receiving guaranteed returns, because if you rely on user statistics and reviews, you can conclude that the broker will soon disappear from the market and will not return any money.
The broker provides inaccurate information regarding its license and registration. It claims to be registered and licensed in the Republic of Vanuatu and Australia. However, such a company is not found in any regulator’s database. All data about licenses is fabricated. Such an organization should not be trusted.
Concerned About Withdrawal?
The owners of the organization chose not to disclose information about the available methods for deposits and withdrawals. These details will only become available after a trader creates an account on the platform. Scammers often hide important information so that the terms of cooperation become known only after funds are deposited, and the user cannot withdraw them.
How Long Does The Broker Work?
The information about the project’s duration is quite amusing. On the website itself, it says that it was founded in 2001. It’s much more reliable to use a service that shows the domain registration date. According to the Whois service, the 247MetaTrades site began its existence in November 2023. The broker claims to have many partners, but in reality, it is impossible to find information about other organizations collaborating with this platform, and there is very little information about the platform itself, its creators, and its history on the internet. There are no reviews before 2024. The claim of being established in 2001 is hard to believe. Attention! This review belongs to InvestExpertHub.
Other Signs of Fraud
âť—It’s impossible to test all the platform’s features without depositing funds, which is a huge drawback, as it’s very important for a beginner trader to familiarize themselves with the available functionality. Even for any other client, it is unlikely to be convenient to deposit just to find out what features are available on the platform and how to use them.
âť—Lack of legal information. It is impossible to find the user agreement if you do not have an account. There is a special section for these documents on the official website, but they are not there. It will be difficult to learn the terms of cooperation, as well as the rights and obligations of the parties, since even the support operators cannot provide clarity.
âť—Questionable history of the broker. The official website states that the company was founded by some farmer, but it’s unclear how this is supposed to convince a trader to start a partnership. It is doubtful that a farmer’s experience can really guarantee the reliability of the organization. It’s better to choose a more proven platform that has received licenses for brokerage services rather than being involved in farming.
247MetaTrades Review Conclusions
There are many proven organizations in the market, but this broker is not one of them. User reviews of the project are extremely negative, as people cannot get their money back and are forced to contact law enforcement agencies.
âž•Bright-tone website.
âž–Outdated design.
âž–False information about licensing.
âž–The project lies about its operation period.
FAQ
How is 247MetaTrades regulated?
The broker claims that its activities are licensed, but there is not a word about 247MetaTrades in the global regulators’ databases. The company violates many established restrictions, for example, using a bonus program and hiding the user agreement. This project should not be trusted.
Is it safe to cooperate with this broker?
Cooperation with this broker may lead to the loss of your deposit. In fact, the company does not make any payments and certainly cannot guarantee you returns on your investments.
How can I get my money back?
If you have deposited funds into the broker’s account and are now trying to withdraw them, you may face problems. Such organizations use a lot of tricks to prevent users from getting their money. Sometimes managers may even resort to threats. To get your savings back, you need to at least contact law enforcement agencies and make the case public.
Brief Conditions
|
Type |
Forex |
|
Location |
❌ |
|
Establishment Year |
2023 |
|
Regulation |
❌ |
|
Customer Service |
|
|
Languages |
En |
|
Demo Account |
❌ |
|
Mobile Trading |
âś… |
|
Web-based Trading |
âś… |
|
Bonuses |
âś… |
|
Minimum Deposit |
$1,000 |
|
Max. Leverage |
1:500 |
|
Scalping Allowed |
âś… |