Trade247
CFD & Forex Broker — Independent Review
Score Breakdown
Quick Summary
| Broker | Trade247 (trade247.com) |
| Legal Name | Trade Twenty Four 7 Markets Limited |
| Founded | 2024 — Dubai, UAE |
| Type | ECN/STP CFD & Forex Broker |
| Regulation | CMA UAE (formerly SCA) #1419455 — Tier 2 | FSC Mauritius #GB24203587 — Tier 4 |
| Min Deposit | $100 (Standard) | $500 (Pro) |
| Max Leverage | 1:500 |
| Avg EUR/USD Spread | ~0.3 pips |
| Commission | $0 on all accounts |
| Instruments | 2,000+ CFDs — Forex, Stocks, Crypto, Indices, Metals, Energies, Synthetics |
| Platforms | MetaTrader 5 (MT5) + Web Platform + Mobile (iOS/Android) |
| Payment Methods | Bank Wire, Credit/Debit Cards, E-Wallets, NGN & PHP Local Methods |
| Account Currencies | USD, EUR, GBP, AED |
| Withdrawal Fees | None (broker side) |
| Execution Model | ECN/STP — No Dealing Desk |
| Algo Trading (EAs) | ✅ Fully supported on MT5 |
| Copy Trading | ✅ MAM available (Pro account) |
| Scalping | ✅ Allowed |
| Hedging | ✅ Allowed |
| News Trading | ✅ Allowed |
| Islamic Account | ✅ Swap-free on request |
| Negative Balance Protection | ✅ Included on all accounts |
| Trading Signals | Built-in signals (Standard) | Acuity FCA-regulated daily signals (Pro) |
| Trustpilot Rating | 4.4/5 ⭐ (37 reviews) |
| Support | 24/7 — Live Chat, Email, Phone, WhatsApp |
| Excluded Countries | USA, India, China, North Korea, FATF-blacklisted |
Editorial Overview
Trade247 is a newer broker that punches well above its weight for a 2024 launch. Officially named Trade Twenty Four 7 Markets Limited and headquartered in Dubai, UAE with a secondary entity in Mauritius, it operates as an ECN/STP broker targeting retail traders across 150+ countries — with a particularly strong focus on the UAE, Middle East, Africa, and Southeast Asia.
The standout features include its zero commission structure across all account types, combined with average EUR/USD spreads of approximately 0.3 pips, and a broad selection of over 2,000 instruments across 7 asset classes. The inclusion of Acuity FCA-regulated daily market signals on the Pro account — powered by the same analysis provider used by major Tier-1 brokers — is an unusual differentiator for a broker at this age tier.
The dual regulatory framework under the UAE Capital Markets Authority (CMA) — formerly the SCA, renamed in January 2026 — and Mauritius FSC is a meaningful structural differentiator compared to single offshore-only brokers. The CMA is classified as a Tier 2 regulator (per DailyForex), placing it alongside the DFSA, FSCA, and MAS. It requires segregated client funds, negative balance protection, and regular compliance audits. Client funds are held in segregated accounts at top-tier banks.
The primary consideration is simply its age. Founded in 2024, Trade247 has a limited long-term track record. No top-tier regulation (FCA, ASIC, CySEC) is currently held. For traders in the UAE, Middle East, Africa, and Southeast Asia, the CMA Tier 2 licence, zero-commission structure, 2,000+ instruments, and 24/7 multilingual support make Trade247 a compelling newer entrant worth watching closely.
Pros & Cons
✅ Pros
- Dual regulation — UAE CMA (Tier 2, formerly SCA — renamed Jan 2026) + Mauritius FSC. CMA requires segregated client funds, negative balance protection, and regular compliance audits
- Zero commission on all accounts — simple, transparent cost structure
- Very tight average EUR/USD spreads of ~0.3 pips
- $100 minimum deposit — accessible entry for all account types
- MT5 + web platform — full multi-device coverage (desktop, web, iOS, Android)
- 2,000+ instruments across 7 asset classes including Synthetic Indices
- Crypto & Synthetic Indices available 24/7
- Islamic swap-free accounts available on request
- Negative balance protection included on all accounts
- MAM/copy trading on Pro account
- Acuity FCA-regulated daily market signals for Pro users — unusual differentiator
- 4.4/5 Trustpilot rating — strong for a broker launched in 2025
- Segregated client funds at top-tier banks
- 24/7 multilingual support via live chat, phone, email and WhatsApp
❌ Cons
- New broker — founded 2024, limited long-term track record
- No top-tier regulation (no FCA, ASIC, or CySEC)
- FSC Mauritius is a Tier 4 offshore regulator with lighter requirements and no investor compensation fund
- MT5 only — no MT4, cTrader, TradingView, or proprietary platform
- Pro account requires $500 minimum deposit (higher barrier)
- Management team not publicly disclosed
- Not available to US, India, China, or North Korea residents
- Up to 5% fee on withdrawals from dormant accounts (no prior trading activity)