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Invest 7/24 claims to be a regulated firm with the regulation issued by the Australian Securities and Investments Commission (ASIC). However, we did not find any match results to Invest 7/24 in ASIC. The regulatory information this broker claim is a false statement for unsuspecting traders.
Besides, Invest 7/24 claims it has branch offices in Dubai, Ireland, South Africa, Ukraine, and Poland. Except for Ukraine, which currently has no forex regulator, we searched the relevant regulators in the remaining countries, including:
1) The Dubai Financial Services Authority (DFSA);
2) The Central Bank of Ireland (CBI);
3) The South Africa Financial Sector Conduct Authority (FSCA);
4) The Polish Financial Supervision Authority (Polish FSA or KNF).
However, we did not find any match results for this broker in the above watchdogs' registries. The truth is, Invest 7/24 is not under valid regulation by any regulators to do forex. Investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.
On 7 Dec 2022, BrokersView found that the domain of Invest 7/24 (https://invest-724.com/) was invalid.
The domain may just be suspended, but the invalidation of a broker's domain is often a bad sign.
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