247 ProTrade Review: A CONSOB Blacklisted Platform

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  • - Can't withdraw your funds from this fraudulent company or broker?
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  • - Or is there an excessive delay in processing your withdrawal?
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It's a CONFIRMED scam broker/company, recover your stolen funds by filling out the form below and you will get a FREE Mychargeback consultation today:

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247 ProTrade Review: A CONSOB Blacklisted Platform

247 ProTrade ( presents what the industry refers to as an exit scam. The platform will likely shut down in the middle of your trading. Hundreds of investors cause worry, and withdrawal is not a possibility. 247ProTrade blocks withdrawal attempts from investors. And this is what prompted us to investigate the 247 Pro Trade trading platform. Please find out more in our eye-opening 247 PROTRADE REVIEW.

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About 247 ProTrade

On the about us page, 247 ProTrade claims to have been around for over a decade. These are false statements as the platform has no way of proving it. We also did a thorough check with domain checker tools.

247 ProTrade Pros and Cons

The website is 329 days old as we publish this post from the look of things. And this tells us a lot regarding the platform’s background and history. Despite trying to appear reputable, the platform is a newbie in the industry.

And thus, the half-baked trading services are available on the platform. Even the dark-themed website shows a lack of professional courtesy. The trading world was always against such websites. Navigation on such websites is a daunting task.

The platform also claims to have several offices under its wing. There’s no clear information on where the platform resides. In most cases, such platforms claim to reside in the UK. These are false claims meant to drive sign-ups from the European Union.

Despite their claims of offering a secure platform, that’s not the case. DDoS protection is unavailable, as well as SSL encryption. It makes it easier for hackers to take over your account while depositing funds.

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Before you invest in any platform, experts recommend you research it. Try and find out what makes the platform tick. These are the basis of protecting yourself from such exit scams. But, of course, the best way is to read our reviews on crypto and forex products and services.

Acceptable funding methods

There are several funding methods available on the platform. These include bank and wire transfers. However, the platform will prefer crypto deposits thanks to their anonymous nature. Unfortunately, you can’t get to track down who owns a crypto wallet.

And this provides a reason for the platform to fleece investors. Once you deposit funds, the account will reflect in your trading account within 24 hours. If it’s with crypto, the balance will appear in thirty minutes.

The platform makes you believe your account is now ready for trading. Depending on your results, you can then start trading and see the balance increase or decrease. Of course, once this happens, you will want to withdraw funds if you have had a profitable outcome.

And that’s when the platform shows its true colors. You won’t get to withdraw funds as the platform gives you many excuses. One of them is that your bank account doesn’t accept their payment system.

Another excuse you might get is that you sent the wrong wallet information. These are just mere excuses meant to shift blame to members. That’s how members end up not withdrawing a penny from the platform.

Accounts 247 ProTrade

247 ProTrade offers three account types, each having its own distinctive features. These include Gold, Platinum, and VIP. Here’s a closer look at each account and what it brings to the table. Take note of the deposit amount on each account.


It’s the most basic account with investors having to deposit €25,000 with the platform. The account has no maintenance fees. You also get access to a personal account manager. Members also get daily market reviews with the gold account.


You have to make a minimum deposit of €100,000 to get started with this tier. Investors get the same trading features as the gold account holder. The difference is that members don’t get withdrawal fees and enjoy a welcome bonus.


It’s the most exclusive account with investors having to deposit €250,000. You get all the available features, including a risk management team and a loyal program. The account also offers an executive account manager.

Accounts 247 ProTrade

Account opening process

Opening an account with 247 Pro Trade seems straightforward. You have to give your personal information, which is normal. The problem with their account opening process is the verification part.

Members have to verify their accounts by sending valuable documents. The platform demands that you send a copy of your ID, bank statements, and credit card details. And wait, the platform waits for you to click the withdrawal tab to verify your account.

The platform knows that you will do anything to get your hands on the available funds. Despite this, we don’t advocate sending such vital documents. Instead, the platform should use other authentication methods such as two-tier authentication.

Available trading assets

There are five classes of trading assets available on the platform. These include commodities, cryptocurrency, forex, indices, and stocks. You get to trade commodities such as wheat and sugar.

Cryptocurrencies are a great way of earning profit thanks to the volatile market. The platform pairs leading crypto coins with major assets. You get to trade Bitcoin, Dogecoin, Ethereum, and Litecoin.

Forex trading is a perfect way for day traders to earn profit. The platform gives investors a chance to trade major and minor pairs. Sadly, the platform does not mention these assets’ available leverage and spreads.

Indices also help day traders to irk profit from the markets. You get to trade in the world markets. These include trading in DAX, Dow Jones, NASDAQ, Nikkei, and more.

Lastly, we have the stock trading market, which happens to be one of the biggest trading activities. You get to trade stocks of leading companies from all over the world. That’s how you trade stocks.

Are funds safe with 247 Pro Trade?

Bonus and reward program

Regulators are against platforms that offer bonuses and rewards. Such platforms will take your account for ransom. You won’t get to withdraw funds until you pay back the bonus or reward offered by the platform.

It begs why the platform would offer bonuses in the first place. The platform will usually post a huge welcome bonus to attract more sign-ups. So now you know why you should avoid a platform that offers bonuses and rewards.

Business holder

There’s little information suggesting the culprits behind this platform. And this makes it an anonymous investment platform. It would be best if you avoided anonymity at all costs. There’s no way of recovering funds from an anonymous platform.

Hiring recovery agents don’t help. A recent investigation revealed that these agents are part of the bigger scam. You get an email from them claiming to have won a lawsuit against the platform.

The agents claim you must meet their legal fees to get part of the settlement. So don’t make the mistake of sending any funds. Once you do, that’s the last time you will hear from these so-called recovery agents.

Deposit fund safety with 247 ProTrade

Your funds are far from safe with 247 ProTrade. There’s no segregation of accounts. The platform also fails to offer insurance cover for deposits made.

CONSOB Warning on

247 ProTrade License and Regulation

247 ProTrade is not a regulated platform and fails to have any documents to prove compliance. The business entity itself doesn’t have a valid business registry. Avoid interacting with unregulated platforms.

Final thoughts

After exposing all the red flags, we recommend against trading with

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Do you have anything to add? Feel free to drop a comment or email us with any questions.

2 Replies to “247 ProTrade Review: A CONSOB Blacklisted Platform”

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    • - Can't withdraw your funds from this fraudulent company or broker?
    • - Have they asked you to pay excessive withdrawal fees or to deposit more funds?
    • - Or is there an excessive delay in processing your withdrawal?
    • - Are they trying to push you into depositing more money with them even without withdrawing the one you've already put in?
    It's a CONFIRMED scam broker/company, recover your stolen funds by filling out the form below and you will get a FREE Mychargeback consultation today:

    Fill out the form below to recover your lost funds from this scam company

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