Reported as a scam / unregulated
Why 247 Crypto Returns is on the register
247 Crypto Returns claims to be owned and operated by P24O ltd, a company regulated by the US Financial Services Authority (MFSA) with license number IS/560000. Besides, this broker also shows the abbreviations of some regulatory bodies including the UK FCA, German BaFin, French AMF, and Italian CONSOB on its website, but does not state whether it is regulated by them. First, please be informed that MFSA is the abbreviation of the Malta Financial Services Authority instead of the US Financial Services Authority. Second, we searched MFSA, FCA, BaFin, AMF, and CONSOB. However, we did not find any match results for this broker in the above watchdogs’ registries. The regulatory information this broker claim is a false statement for unsuspecting traders. The truth is, 247 Crypto Returns is not under valid regulation by any regulators to do forex. Investors’ funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.
If you have money with this broker
- Stop sending funds. Do not pay any further “fees”, “taxes” or “verification” charges to release a withdrawal — this is a common secondary scam.
- Preserve evidence. Save transaction IDs, wallet addresses, chat logs, and every screenshot before the account is closed.
- Report it. Notify your bank/exchange and your national financial regulator so the activity is on record.
- Get guidance. Tell us what happened and we will point you toward the right next step. We are a free public registry — we never charge any fees.
SentFunds is an information and referral service. Listing reflects reported concerns and public findings; it is not a legal determination.