P24 Capital Markets LTD

24markets is a South Africa-based broker launched in 2014, offering CFDs on Forex, indices, commodities, stocks, and crypto. While it features a range of platforms including MT5 and web-based trading, it falsely claims FSCA regulation under another companys license.
The broker claims to be regulated by FSCA using license No. 50640, which actually belongs to DEDA CAPITAL MARKETS (PTY) LTD. However, the brokers name and domain do not match the licensed entity, clearly indicating a fake or cloned license intended to mislead users.