Trade247 review

Introduction

Trade247 is a new multi-asset CFD broker that started operations in 2025. The broker is based in Dubai but is offering services to traders in some European countries in addition to the MENA region. Despite being a newcomer, Trade247 is a dual-regulated broker holding licences from both UAE’s Securities and Commodities Authority (SCA License No. 1419455) and from the FSC in Mauritius (License No. C216567). 

The brokerage offers an extensive range of 2,000+ tradable CFDs, MetaTrader 5 trading platform, high leverage of 1:500, and tight spreads between 0.2 pips to 0.5 pips (on EUR/USD), and 24/7 multilingual customer service. Trade247 also offers additional features like stop loss, margin call, and Islamic/swap-free accounts. The company’s initial deposit to start trading is $100 and there are no withdrawal or deposit fees applicable which makes it even more impressive. 

The brokerage is operated by two entities: Trade Everyday Financial Advisors LLC in the UAE and Trade Twenty Four 7 Markets Limited in Mauritius. This regulatory oversight means 247 Trade must adhere to compliance standards like minimum capital requirements, segregated client funds, and regular audits. However, Trade247 does not offer the investor protection fund like tier 1 regulated brokers usually offer. 

Restricted Countries

When you are in the process of researching a broker, always make sure that it accepts clients from your country. For different reasons, like countries being on FATF lists, local regulations, etc., brokers are usually not available in all countries. For example, many do not operate in the EU while others don’t offer services in North America and Canada. 

The list of restricted countries by Trade247 is not that extensive. The following countries are restricted by the platform: 

1. India
2. China
3. North Korea
4. United States
5. Countries on FATF blacklist (Iran, Myanmar)

The countries where the broker is offering its services are as following:

1. United Arab Emirates
2. United Kingdom
3. Canada
4. Australia
5. Thailand
6. South Africa
7. Singapore
8. Hong Kong
9. France
10. Norway
11. Germany
12. Italy
13. Sweden
14. Denmark
15. Saudi Arabia
16. Qatar
17. Kuwait
18. Luxembourg

The restricted and available jurisdictions can change over time. The best way to check the availability of a broker is by selecting your country on the sign up page or entering your phone number. 

Average Customer Ratings

Listening to the feedback of existing customers is one of the best ways to learn about the quality of service. Trade247 being a new broker does not have much feedback yet. At the time of writing this review, there are less than 10 reviews on their Trustpilot profile with an average rating of 3.9. 

Trading Platform

Trade247 offers MT5 trading platform which is a successor of MT4 platform but with more advanced charting tools, auto trading, and many other advanced features. The flexibility of using this platform makes it great for traders with different device preferences. If you have the application installed on your desktop, laptop, tablets, or phones, you can trade from there. But even if you don’t have the app, you can trade directly from your web browser.

Tradable Instruments

The range of tradable instruments from Trade247 is one of the best in terms of tradable assets. Where most brokers have a standard offering of 160 to 200 tradable CFDs, Trade247 offers way more options. You have access to 2,000+ tradable instruments across forex, metals, commodities, shares, indices, and crypto currencies. These options allow you to invest in a diverse portfolio or trade with your preferred assets. 

Customer Service

Customer service is one of the departments where this new broker truly shines. Unlike most brokers, Trade247 does not offer you support for limited hours on trading days. Instead, you can access the support 24/7 in Arabic and English. Round-the-clock support allows customers living in different timezones to access support right when they need it. 

The company offers phone, live chat, and email support options. You can call or message them on WhatsApp at +971 58 847 0281 or email the company at [email protected]. The company also has active social media accounts on LinkedIn, Facebook, Instagram and X from where you can get the latest updates.

Deposits and Withdrawal Methods

The ease of depositing and withdrawing funds is another factor traders consider when choosing a broker. Trade247 offers multiple account currency options (USD, AED, EUR, GBP) and methods for withdrawing and depositing money like (Bank Transfer, Visa, and Mastercard). No matter if you are depositing money or withdrawing, no commissions apply. 

However, the time it takes to make the transaction can differ depending on the method of your choice. For example, bank transfer for deposits and withdrawals can take 2 to 5 days. The deposits with your Visa and MasterCard are instant but the withdrawals can take 2 to 3 days. You can find all this information in the tables below: 

Deposit Options

Withdrawal Options

Compliance and Regulations

The dual regulated nature of the broker compensates for the broker being a new company. The FSC Mauritius license is generally easy to acquire. That’s why most offshore regulated brokers opt for this regulation. The regulation does require segregation of clients’ funds, audits, and an office in Mauritius. 

However, the SCA oversight means the company has certain operational standards. SCA is a respectable regulatory body but the regulation mainly protects clients in the UAE. 

Despite being doubly regulated, the traders do not get investor insurance schemes like tier – 1 regulators usually offer. 

Company Details

Trade247 is a new broker that started operations in 2025. The company is operated by two legal entities Trade Twenty Four 7 Markets Limited (Mauritius entity) and Trade Everyday Financial Advisors LLC (UAE entity). The brokerage operates under these two companies and does not have a parent company or part of a holding group. The address of the company’s main physical location is Office 213, Zentral Building, Dubai World Trade Centre, Sheikh Zayed Road, Trade Centre 2, Dubai.

Final Thoughts

Trade247 is new to the market but has some solid offerings like a very extensive range of CFDs, great leverage, dual regulations, no additional fees, Islamic account, MT5 trading platform, 24/7 support, and negative balance protection. These are the features that you typically expect from a company that has been around for years in the market. 

On the other hand, a lack of track record can make other brokers more appealing to most traders. For traders in the UAE, exploring this broker can be a good option because of the local SCA regulation. However, traders from other Arabic speaking markets of Saudi Arabia, Qatar, and Kuwait can benefit from the Arabic support. 

Everything considered, Trade247 is a fairly good broker with many amazing offerings. The dual regulations make a solid layer of trust for this new broker. The offered features and tradable assets make it worth checking out.