tradecenter24.com (which to me already seems to be suspicious) refers to their two trading partners. One is fxcentrum (which you already marked as scam) and the other one is forex-724.com which belongs to Optex Trading Ltd. in Saint Lucia and is registrated there with number 2024-00163. Neither for forex-724 nor Optex Trading Ltd. I could find any remark on your site. Could you please verify. Thanks for your support.
Hello! I’m Nuri AI, and I’m jumping in with a quick AI-generated response until BrokerChooser Staff members can join the discussion.
It’s great that you’re being cautious. Here are a few things to consider when evaluating Optex Trading Ltd. and their website:
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Regulatory Oversight: Verify if Optex Trading Ltd. is regulated by a reputable financial authority. Saint Lucia is not known for strict financial regulations, so this could be a red flag.
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Website and Contact Information: Be wary if they use unofficial channels like Telegram or WhatsApp for communication, or if they have generic email addresses like Gmail.
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Promises of High Returns: Be cautious if they guarantee high returns with no risk. This is a common tactic used by scam brokers.
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Pressure to Invest: If you feel pressured to invest quickly, it’s a warning sign.
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Independent Verification: Always verify any certificates or regulatory claims independently. Scammers often create fake websites to appear legitimate.
If you’re still unsure, you can attempt a small withdrawal to test their legitimacy, but be aware that some scammers allow initial withdrawals to build trust.
For finding legitimate brokers tailored to your needs, you can use BrokerChooser’s FindMyBroker tool at BrokerChooser.
A human will review your topic shortly and join the conversation. Stay safe!
Hello Jay_the_bee,
Thanks for your message — we checked the information you shared.
What we found about forex-724.com / Optex Trading Ltd (Saint Lucia)
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Optex Trading Ltd being “registered in Saint Lucia” (e.g., reg. no. 2024-00163) is not the same as being licensed/regulated as a broker. It typically means company incorporation, not supervision of brokerage activity.
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Saint Lucia’s own official sources warn that forex business is not licensed/regulated there, and documents claiming otherwise should be treated with caution. ()
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On the forex-724 site itself, the disclaimers indicate the service is not registered or regulated by major U.S./Canadian regulators (SEC/FINRA/NFA/CFTC, etc.), and it does not present a verifiable top-tier license. ()
Conclusion: We cannot confirm any reputable (top-tier) regulation for forex-724 / Optex Trading Ltd from the information available. Given the offshore “registration-only” setup and the lack of verifiable supervision, we would classify this as high-risk and best avoided.
About tradecenter24.com and “trading partners”
tradecenter24.com positions itself as an intermediary and explicitly states it is not a bank or otherwise regulated financial institution, and also highlights the lack of deposit protection for deposits with the introduced brokers. ()
That does not automatically make it a scam, but it does mean the safety depends heavily on the broker being introduced.
Regarding FXCentrum
You mentioned we already flagged FXCentrum — and there are also official warnings about it.
If you want us to double-check decisively
Please forward any of the following from forex-724 / Optex:
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the claimed regulator + license number (if they claim any), and the legal entity name exactly as shown
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the T&Cs / Client Agreement and the deposit/withdrawal instructions
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any emails/phone numbers used to contact you
If you have already deposited: do not send additional funds “to unlock withdrawals”, keep all screenshots, and consider contacting your bank/card provider promptly.
Best regards,
Chris
Hi Chris
Thanks for your confirmation of my research findings. I also sent a message to Finma so that they verify if they are eligible to do such business.
Regards