1. General Information About the Broker
ext247 broker (ext247.co) launched recently, with a fresh domain. Italian regulator CONSOB ordered its Italian blackout on June 20, 2025. This swift action highlights serious legal concerns. The site targets inexperienced investors with sleek presentation.
2. Claimed Licenses and Regulation
ext247 broker (ext247.co) claims CySEC regulation publicly. BrokersView found no matching records in CySEC database. Additionally, CONSOB lists the site as unauthorized. These facts show clearly that it operates without proper licensing.
3. Trading Conditions
Website claims offer of forex, CFD, and crypto trading. However, it hides essential spread, leverage, and fee data. Opaque terms like this are common in scam operations. No details on account types or withdrawal fees appear.
4. Trading Platform and Technology
ext247 broker claims advanced trading platform tech. But, there is no demo or software download available. This prevents user testing or confirmation of reliability. Without access, platform remains purely theoretical and opaque.
5. Client Reviews and Feedback
Medium outlines investor losses and potential recovery services. BrokersView labels EXT24 as a likely scam. Also, CONSOB and IOSCO confirm its inclusion in scam lists. No credible investor testimonials support successful withdrawals.
6. Potential Scam Strategies
ext247 broker may use false CySEC logos to gain trust. It likely attracts funds via promises of high returns. Once deposited, investors may face withdrawal denial. Crypto or offshore payments could obscure fund tracing.
7. Expert Opinion
Authorities clearly warn clients to avoid this broker. CONSOB’s blackout signals illegal financial operations. Experts at BrokersView call it unregulated and risky. All signs align with standard scam broker patterns.
8. Conclusion
All indicators confirm ext247 broker as a fraudulent platform. It lacks regulation, hides trading costs, and limits transparency. Clients risk losing all deposits with no legal recourse. We strongly advise against using ext247 broker.
Instead, choose brokers regulated by FCA, ASIC, or CySEC.
