Can you tell me if Cryptrace247.com is a legal broker or another scam. It says on their website that they are licensed.
Go look at their terms and conditions page which says:
Cryptrace247 is not available to the general public and is opened only to the qualified members of Cryptrace247, the use of this site is restricted to our members and to individuals personally invited by them. Every deposit is considered to be a private transaction between the Cryptrace247 and its Member.
We are not FDIC insured. We are not a licensed bank or a security firm.
So no, they are not licensed and they are not regulated.
Although they write on their home page:
Cryptrace247 is one of the leading platforms in the United States offering binary options, Forex and spreads. Regulated by the CFTC and based in New York. It is also regulated by the IFSC of Belize, as well as the Cyprus Securities and Exchange Commission.
All of that is not true!!!