ANSWER Ok247Trade is not regulated in Britain. Our search on the Financial Services Register of the Financial Conduct Authority (FCA) yielded no matching records. Furthermore, Ok247Trade is an unlicensed trading platform, which inherently carries substantial risks.Despite its assertions of being based in Germany and maintaining an office in the UK, Ok247Trade has not adhered to the laws of either country. We have found no evidence to substantiate its legitimacy.Given its unlicensed status, Ok247Trade is far from a safe option for investors. Engaging with it could potentially lead to fraud and identity theft. To protect their interests, investors are advised to avoid unlicensed brokers like Ok247Trade and instead choose fully regulated ones. Your financial safety is our primary concern.
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