86FXTRADE claims to be a regulated broker under multiple regulations including the Malta Financial Services Authority (MFSA), the United Kingdom Financial Conduct Authority (UK FCA), the France Autorité des Marchés Financiers (AMF), the Germany Federal Financial Supervisory Authority (BaFin), the Italy Commissione Nazionale per le Società e la Borsa (CONSOB), the Spain National Securities Market Commission (CNMV), the Denmark FINANSTILSYNET (Danish FSA), and two made-up regulators "the US Financial Services Authority" and "the French Prudential Supervisory Authority (ACP)". Please be informed that the United States National Futures Association (NFA) is the forex regulator in the USA.
We searched the mentioned regulators accordingly.
The result is that we did not find any results that matched this broker in UK FCA, AMF, BaFin, CONSOB, Danish FSA, CNMV or NFA. That means 86FXTRADE is not authorized to provide financial services in the UK, France, Germany, Italy, Denmark, Spain or the USA. Moreover, we found that MFSA issued a warning that 86FXTRADE is not a Maltese registered company nor licensed or otherwise authorized by the MFSA to provide any investment services or other financial services which are required to be licensed or otherwise authorized under Maltese law.
The truth is that 86FXTRADE is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, it is a scam.
86FXTRADE claims to be a regulated broker under multiple regulations including the Malta Financial Services Authority (MFSA), the United Kingdom Financial Conduct Authority (UK FCA), the France Autorité des Marchés Financiers (AMF), the Germany Federal Financial Supervisory Authority (BaFin), the Italy Commissione Nazionale per le Società e la Borsa (CONSOB), the Spain National Securities Market Commission (CNMV), the Denmark FINANSTILSYNET (Danish FSA), and two made-up regulators "the US Financial Services Authority" and "the French Prudential Supervisory Authority (ACP)". Please be informed that the United States National Futures Association (NFA) is the forex regulator in the USA.We searched the mentioned regulators accordingly. The result is that we did not find any results that matched this broker in UK FCA, AMF, BaFin, CONSOB, Danish FSA, CNMV or NFA. That means 86FXTRADE is not authorized to provide financial services in the UK, France, Germany, Italy, Denmark, Spain or the USA. Moreover, we found that MFSA issued a warning that 86FXTRADE is not a Maltese registered company nor licensed or otherwise authorized by the MFSA to provide any investment services or other financial services which are required to be licensed or otherwise authorized under Maltese law.The truth is that 86FXTRADE is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, it is a scam.
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