ANSWER Our research on PremiumTrade247 suggested that it is an unlicensed trading platform.PremiumTrade247 has been noted for its lack of clarity regarding its regulatory status and contact information, which could be seen as a potential cause for concern. Furthermore, the Spanish National Securities Market Commission (CNMV) has issued a warning that PremiumTrade247 is operating without the necessary authorization, leading to its inclusion on the CNMV's investor alert list. This information is crucial for potential investors to consider when evaluating the credibility and safety of engaging with this platform.PremiumTrade247 is not regulated, making it risky for investors as their funds aren't legally protected. Investors are strongly advised to steer clear of PremiumTrade247 and other unregulated trading platforms. To mitigate the risks of fraud and identity theft, it is recommended choosing brokers under stringent supervision.
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