247 Crypto Returns
We checked 247 Crypto Returns against the AskCheck register. It has been reported (2022) and carries the red flags below. Treat it with extreme caution.
Why it’s flagged
What we found
247 Crypto Returns claims to be owned and operated by P24O ltd, a company regulated by the US Financial Services Authority (MFSA) with license number IS/560000. Besides, this broker also shows the abbreviations of some regulatory bodies including the UK FCA, German BaFin, French AMF, and Italian CONSOB on its website, but does not state whether it is regulated by them. First, please be informed that MFSA is the abbreviation of the Malta Financial Services Authority instead of the US Financial Services Authority. Second, we searched MFSA, FCA, BaFin, AMF, and CONSOB. However, we did not find any match results for this broker in the above watchdogs' registries. The regulatory information this broker claim is a false statement for unsuspecting traders. The truth is, 247 Crypto Returns 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.
Assessment source: FastBull BrokersView.
What to do next
- Stop sending money. Don’t make another deposit, pay a “tax” or “release fee”, or share remote-access to your device.
- Gather your evidence. Save statements, chat logs, transaction IDs and the wallet addresses you paid to.
- Report it to your regulator and to local police / action-fraud line so it’s on the official record.
- Add your report here so the next person searching this name is warned — report 247 Crypto Returns.
- Verify on the register. Cross-check the full entry on the SentFunds register before you trust anyone offering to help.