Which Trade247 entity serves UAE residents
Trade247 has a UAE-licensed introducing entity: Trade Everyday Financial Advisors LLC (Capital Market Authority (CMA UAE / formerly SCA), licence 1419455 (SCA Registration: 20200000264)). It is authorised to introduce, promote and advise UAE residents, which is a common, regulated model. Trading accounts and client money are held by the group's execution entity (FSC Mauritius), so check that company's name on your client agreement.
Status on BrokerBazaar UAE: Local introducing licence (account held by a group entity). "Available" is not the same as "regulated in the UAE": only a Capital Market Authority (CMA, formerly SCA), DFSA or FSRA licence gives you local supervision and a local complaints route.
Funding in AED and local payment methods
Trade247 has not stated AED account denomination or UAE local bank transfer on its BrokerBazaar submission. Deposit methods listed: USDT (Tether), Cryptocurrencies, Credit Card, Debit Card, Bank Wire Transfer, Regional Payment Methods. Expect USD-denominated accounts and a card or bank FX conversion fee unless the broker confirms AED wallets.
Withdrawal methods listed: USDT, Cryptocurrencies, Bank Wire Transfer, Credit/Debit Card. UAE banks may query incoming payments from offshore brokers; keep your deposit records.
Islamic (swap-free) account for UAE traders
Trade247 has not specified whether a swap-free account is offered. Ask before opening an account if this matters to you.
UAE-specific risk note
Trade247's UAE entity introduces you; it does not hold your account. Leverage caps, client-money rules and the complaints route for trading disputes follow the regulator of the execution entity named on your client agreement. None of the recorded execution regulators is strict-tier, so recourse is more limited than with a tier-1 regulator.
Leveraged CFD trading carries a high risk of loss. Nothing on this page is personal financial advice.
Trade247 at a glance
Multi-asset retail online Forex and CFD broker offering leveraged trading across foreign exchange pairs, single-stock CFDs, commodities, energies, precious metals, and equity indices via MetaTrader 5 (MT5) with zero commission on select accounts, fast execution, and high leverage up to 1:500.
Trade247 reports a founding year of 2023 and a head office in Port Louis, Republic of Mauritius (Corporate & Marketing Operations: Dubai, United Arab Emirates). It lists 1 regulator and 2 trading platforms.
BrokerBazaar verdict
Supreme FX (Sun Capital Markets Ltd / Supreme FX LLC) is an offshore retail online broker operating under an FSA Seychelles Securities Dealer licence (SD145) and a Saint Vincent IBC registration, backed by commercial marketing offices in Dubai. Providing execution across MetaTrader 5 with leverage up to 1:500 and a zero-commission STP pricing model, its lack of Tier-1 sovereign oversight, absence of statutory compensation funds, and reliance on social-trading influencer promotion warrant rigorous risk and capital limits.
Legal entities, regulation and licences
Trade247 operates through 2 legal entities, each supervised separately. Your account is with one specific entity, so the protections you receive depend on which one onboards you, not on the group's strongest licence. Overall, the group is supervised by moderate-tier regulators only.
Licence check: Not independently checked. This broker has submitted its details. BrokerBazaar has not yet independently checked them. A company registration or general business licence is not permission to offer regulated brokerage services; only the register entries linked in the table count.
Countries accepted and restricted
Trade247 states that it accepts clients from International (strictly excludes residents of the United States of America, Canada, North Korea, Iran, and FATF blacklisted jurisdictions). Availability is decided per entity and can change without notice; residents of jurisdictions such as the USA, and often the EU and UK, are frequently excluded from offshore entities.
Trading products, platforms and account types
Instruments: Forex (60+ currency pairs), Precious Metals (Gold, Silver), Energy CFDs (Crude Oil, Natural Gas), Global Indices, Stock CFDs, Cryptocurrency CFDs. Platforms: MetaTrader 5, Trade247 platform. Account types: Standard Account, Advanced Account, PRO Account, Demo Account, Islamic Swap-Free Account.
Best-for tags assigned by our team: High Leverage, MetaTrader 5, Gold Trading, Offshore Broker, Zero Commission, Introducing Broker (IB) Network.
Minimum deposit, spreads, commissions and other charges
The minimum deposit is $100 ($100 standard baseline minimum deposit; higher capital thresholds apply for specialized Pro tiers). Spreads start from From 0.3 pips and commission is None (standard) · $0 (raw). Maximum leverage is Up to 1:500, subject to the cap of the entity that holds your account.
Swap-free / Islamic account: not specified. Swap type: not specified. Headline spreads are usually quoted for the most expensive account tier's cheapest instrument; compare total cost for your typical trade.
Deposits and withdrawals
Deposit methods: USDT (Tether), Cryptocurrencies, Credit Card, Debit Card, Bank Wire Transfer, Regional Payment Methods. Withdrawal methods: USDT, Cryptocurrencies, Bank Wire Transfer, Credit/Debit Card.
Withdrawal speed and fees are set by the entity and payment provider. Withdrawal delays are the most common complaint category on BrokerBazaar across all brokers; keep identity documents current and withdraw to the same method you deposited with where required by anti-money-laundering rules.
Execution model, negative balance protection and client money
Negative balance protection: Not specified. Scalping allowed: Not specified. Algorithmic trading allowed: Not specified. News trading allowed: Not specified. Hedging: not specified.
Client-money rules follow the regulator of the entity that holds your account: FSC Mauritius: Segregation of client funds expected under licence terms. Compensation: No central compensation scheme.
Introducing entity: Trade Everyday Financial Advisors LLC (Capital Market Authority (CMA UAE / formerly SCA)). It is licensed to introduce, promote or advise, and opens accounts with the group entity above. Client money is held by that entity under its regulator's rules, not under the introducer's licence.
Complaints and dispute process
Formal complaints: compliance@trade247.com. Phone: +971 4 558 7135. Grievances must be submitted in writing first to the Compliance Department of Trade Twenty Four 7 Markets Limited under its formal dispute guidelines. If unresolved, complaints under the Mauritius entity can be referred to the Financial Services Commission (FSC Mauritius) or the Office of the Ombudsperson for Financial Services in Mauritius. As an offshore jurisdiction, Mauritius does not operate a statutory retail investor compensation fund (such as the UK FSCS or CySEC ICF). Client deposits are claimed to be held in segregated bank accounts with negative balance protection enabled.
If the broker does not resolve a complaint, escalate to the ombudsman or regulator of the entity that holds your account. BrokerBazaar's Dispute Support Desk can help you document and escalate a case.
Strengths and limitations
- Strength: MetaTrader 5 and a free demo account are advertised
- Strength: Standard and Pro accounts list spreads and leverage
- Strength: The site lists multiple payment options
- Strength: Advertises 24/7 multilingual support
- Limitation: The supplied website text does not provide licence numbers or identify the UAE regulator
- Limitation: Minimum deposit is not stated
- Limitation: Withdrawal processing estimates differ across the site: within 24 business hours and 2–5 business days
- Limitation: The homepage's 0.3-pip spread claim differs from the account-page figures
Who this broker suits, and who it does not
Trade247 is most relevant to traders looking for: High Leverage, MetaTrader 5, Gold Trading, Offshore Broker, Zero Commission, Introducing Broker (IB) Network.
It is less suitable for anyone who needs a strict-tier regulator in their own country of residence, for residents of restricted jurisdictions, and for beginners who have not yet understood leverage and margin. Nothing on this page is personal financial advice.
Trade247 change history
Every published fact change, with the previous value and the date it took effect. Each entry says whether the broker made the change itself or our editors checked it against an official source. Regulation and licence claims are always checked by an editor.
No fact changes recorded for Trade247 yet. Changes appear here as soon as the broker updates its profile or our editors confirm a change.
Frequently asked questions about Trade247
Data sources. Broker submission, the regulator registers linked above, web-archive and domain records, and third-party traffic data. No independent licence check date is recorded yet. External ratings: Trustpilot 4.1/5; WikiFx 3.86/10; Forex Wikibit 4.62/10; BrokersView 4.4/10; Google Play Store N/A/5; Apple App store N/A/5.
Commercial disclosure. BrokerBazaar is independent and not owned by any broker. We may receive a referral fee if you open an account with Trade247 through our links; this never affects scores or verification. How we make money. Trading leveraged products carries a high risk of loss.