247 Bullish Exchange is a cryptocurrency broker whose official website was registered on February 5, 2023. The broker primarily offers its users a wide range of trading markets through its proprietary trading platform and mobile application, including forex, stocks, indices, energy, metals, cryptocurrencies, and ETF contracts for difference (CFDs).
Corporate Registration Information and Regulatory Status:
Public information on the 247 Bullish Exchange official website reveals that the broker comprises several corporate entities and is regulated by multiple regulatory bodies. Among them, 247 Bullish Exchange Ltd is authorized and licensed by the Cyprus Securities and Exchange Commission (CySEC) with license number 1780019. 247 Bullish Exchange (registration number HRB11677B) is a designated agent registered in Germany's Federal Financial Supervisory Authority (BaFin) by 247 Bullish Exchange Ltd. Additionally, the broker was authorized on October 2, 2017, by the Mauritius Financial Services Commission (FSC) as an investment dealer and is regulated under license number C17554381. TVH Ltd is authorized and regulated by the Seychelles Financial Services Authority (FSA), with license number SD0175.
According to verification of the public information on its official website, the Cyprus Securities and Exchange Commission (CySEC), Germany's Federal Financial Supervisory Authority (BaFin), the Mauritius Financial Services Commission (FSC), and the Seychelles Financial Services Authority (FSA) have not found any regulatory registration information for this broker.
Account Opening:
To open an account with 247 Bullish Exchange: Navigate to the broker's official website, click on "SIGN UP FOR FREE" on the homepage or “SIGN UP” at the top right corner of the page to access the account registration page. Follow the instructions to fill in personal information such as name, email address, and set a login password before submitting. Once the application is submitted, the account is successfully registered.
Account Types:
247 Bullish Exchange offers users a demo trading account and four different types of trading accounts: BASIC, PREMIUM, VIP, BUSINESS. However, information related to the spread, trading leverage, margin levels for additional/stop-loss, contract sizes, trading commissions, minimum/maximum trading volume, maximum positions/orders volume, and minimum price precision is not disclosed on its official website.
Trading Platform:
247 Bullish Exchange provides users with a proprietary trading platform.
Deposits and Withdrawals:
247 Bullish Exchange has not clearly disclosed the supported methods for deposits and withdrawals, associated fees, and minimum deposit and withdrawal amounts on its official website.
Conclusion:
Traderknows reminds investors that 247 Bullish Exchange is a scam platform providing false regulatory information. The website design and content of this broker are identical to those of Primephasers Trade, BTC Mint Asic, Koinfx Trade, Capital Teamfx, MobileCrypto FX, TradeVerse Investments, and other brokers. Traderknows advises investors to choose brokers with transparent information, strong regulation, and good reputation for investment activities to avoid unnecessary financial losses.
Currently, this broker is marked as "suspected fraud" on Traderknows.
