Profile
Trade247 is an offshore CFD broker offering leveraged trading on forex, indices, commodities, and cryptocurrencies. The platform operates under limited regulatory oversight and targets beginner to intermediate retail traders with a user-friendly web platform and simplified account setup. This Trade247 review assesses its regulation, execution model, trading platforms, product range, and client protections.
Regulation and Security
Trade247 is operated by an international entity registered in Saint Vincent and the Grenadines (SVG), a jurisdiction that does not provide financial regulatory oversight for forex and CFD brokers. As such, Trade247 is an unregulated broker and does not offer protections like:
- Investor compensation schemes (e.g. FSCS or ICF)
- Supervised segregation of client funds
- Mandatory negative balance protection
While the company may maintain internal controls and segregated bank accounts, these are not subject to audit by a recognised financial authority.
Execution Model
Trade247 appears to operate a market maker model, acting as counterparty to client trades. There is no confirmation of ECN, STP, or DMA execution infrastructure. This setup may result in potential conflicts of interest, especially during periods of market volatility or news events.
Execution speed, slippage, and re-quotes are not transparently published, and there is no access to liquidity data or audit trails.
Trading Platforms
Trade247 provides access via a proprietary web-based trading platform. Key features include:
- Basic charting and technical indicators
- Simple one-click trading interface
- Real-time pricing across all instruments
- Web and mobile accessibility
The platform is suitable for beginner traders but lacks the advanced tools and automation capabilities of MetaTrader 4 (MT4), MetaTrader 5 (MT5), or cTrader. There is no support for Expert Advisors, APIs, or third-party plugin integration.
Supported Markets
Trade247 offers CFD trading across five asset classes:
- Forex – Majors, minors, and exotics (50+ pairs)
- Indices – Global cash indices such as NASDAQ, DAX, FTSE, and Dow Jones
- Commodities – Gold, oil, silver, and soft commodities
- Stocks – Limited selection of US and EU company CFDs
- Cryptocurrencies – BTC, ETH, XRP, LTC and others as CFDs
All instruments are offered as CFDs with leverage up to 1:500 (subject to region and asset class).
Account Types and Trading Conditions
Trade247 offers a simplified account structure with a low entry barrier:
- Minimum deposit: $250
- Spreads: From 1.5 pips on major FX pairs
- Leverage: Up to 1:500 (varies by jurisdiction and instrument)
- Commission: Zero-commission model (spread-based pricing)
Accounts are available in USD, with limited transparency around execution quality, swap rates, and overnight fees. There is no Islamic (swap-free) account option listed.
Retail and Institutional Features
Trade247 targets retail clients only. Institutional features such as FIX API access, liquidity aggregation, prime brokerage services, or custom margin models are not available. Educational resources are minimal, with no in-depth analysis, trading courses, or webinars offered on the platform.
Client Protection and Transparency
As an unregulated offshore broker, Trade247 does not provide externally verified client protections. While it may claim to use segregated accounts, no third-party audits or investor protections are guaranteed. Dispute resolution is internal only, with no access to formal ombudsman or financial regulator mechanisms.
Trade transparency is low, with limited data on order routing, slippage statistics, or trade execution disclosures.
Base Currencies, Order Types, and API Access
Account base currency is typically USD. Supported order types are limited to:
- Market and pending orders
- Stop loss and take profit levels
There is no support for trailing stops, OCO orders, or multi-leg execution. The platform does not offer any form of API connectivity, algorithmic trading integration, or third-party trading tool support.
Pros and Cons
- Pros:
- Simple platform for beginner traders
- Leverage up to 1:500
- CFD access to forex, crypto, and commodities
- Low minimum deposit requirement
- Cons:
- Unregulated offshore broker
- No MetaTrader or advanced trading tools
- Limited transparency around execution
- No investor protection scheme or compensation
- No institutional or API support
Frequently Asked Questions
Is Trade247 a regulated broker?
No. Trade247 operates from Saint Vincent and the Grenadines and is not regulated by any financial authority.
What trading platform does Trade247 offer?
Trade247 provides a proprietary web-based trading platform with basic charting and CFD access. It does not support MT4 or MT5.
What assets can I trade with Trade247?
You can trade CFDs on forex pairs, indices, commodities, stocks, and cryptocurrencies with leverage up to 1:500.
Does Trade247 offer any investor protection?
No. As an offshore broker, Trade247 does not provide FSCS or other regulated investor compensation schemes.
Is algorithmic or automated trading supported?
No. Trade247’s platform does not support EAs, algorithms, or any form of automated trading integration.
