Bull Trade24 Ltd Review: Unlicensed Forex and CFD Broker

Bull Trade24 Ltd is a scheme that says it intermediates forex and CFD trades through bulltrade24.com and presents itself as a London-based company. On 7 November 2026, the Financial Market Authority (FMA) of Austria announced that the company has no authority to execute orders on behalf of clients.

🏙️ How Is the "London-Based Broker" Image Built?

The FMA describes the company's London headquarters only as an "apparent" address. In schemes of this kind, an overseas address and a licence claim create the first trust; profits are then shown on the trading panel, and when a withdrawal is requested, new payments are demanded under the name of tax, commission or "account verification". After each payment another obstacle appears.

🔍 bulltrade24.com and the FMA Warning

• Domain: bulltrade24.com was registered in August 2026; in other words, the site was only a few months old when the warning came.
• Official warning: The FMA stated that Bull Trade24 Ltd has no authority to provide securities services subject to authorisation in Austria.

Institutions with authority to intermediate leveraged transactions in Türkiye appear in the SPK list of intermediary institutions; Bull Trade24 is not on this list. Carrying out capital markets activity without authorisation is defined as a crime under Article 109/2 of Capital Markets Law No. 6362.

🔗 Other Platforms Using the Same Method

We have covered similar schemes that start with an overseas licence or headquarters claim and tie withdrawal to a fee:

🧭 The Legal Process for Bull Trade24 Victims

For money sent to a company that appears to be established abroad, the first step is to assess jurisdiction and arbitration clauses in overseas broker disputes. The platform's authority is established through an SPK licence checkTR; collecting money through a fake panel on the internet is dealt with under the provisions on qualified fraudTR.

For detailed information and legal support, you can contact Savun Law & Consultancy.

❓ Frequently Asked Questions