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ACTIVE FOREX TRADE (ACTIVEFOREXTRADE)

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Operating status: SCAM

Website: https://www.activeforextrade.info/

Broker violations and abnormal records
  • 2023-08-06 The UK FCA issues a warning against ACTIVE FOREX TRADE (ACTIVEFOREXTRADE)

    On August 7, 2023, the Financial Conduct Authority (FCA) issued a warning against ACTIVE FOREX TRADE (ACTIVEFOREXTRADE), believing this broker might be providing financial services or products without proper authorization. https://www.fca.org.uk/news/warnings/active-forex-trade-activeforextrade

    On August 7, 2023, the Financial Conduct Authority (FCA) issued a warning against ACTIVE FOREX TRADE (ACTIVEFOREXTRADE), believing this broker might be providing financial services or products without proper authorization. https://www.fca.org.uk/news/warnings/active-forex-trade-activeforextrade
  • 2023-08-07 BrokersView has reviewed that ACTIVE FOREX TRADE (ACTIVEFOREXTRADE) is an unregulated broker

    ACTIVE FOREX TRADE (ACTIVEFOREXTRADE) fails to disclose its regulatory information and licensing data, a significant scam indicator.

    While ACTIVE FOREX TRADE (ACTIVEFOREXTRADE) claims to be located in the UK, it fails to obtain authorization from the Financial Conduct Authority (FCA), as stated in the warning issued by the UK regulator against ACTIVE FOREX TRADE (ACTIVEFOREXTRADE).

    In essence, ACTIVE FOREX TRADE (ACTIVEFOREXTRADE) is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.

    ACTIVE FOREX TRADE (ACTIVEFOREXTRADE) fails to disclose its regulatory information and licensing data, a significant scam indicator.While ACTIVE FOREX TRADE (ACTIVEFOREXTRADE) claims to be located in the UK, it fails to obtain authorization from the Financial Conduct Authority (FCA), as stated in the warning issued by the UK regulator against ACTIVE FOREX TRADE (ACTIVEFOREXTRADE).In essence, ACTIVE FOREX TRADE (ACTIVEFOREXTRADE) is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.

Related Complaints

Q&A

I am interested to open an account in ACTIVE FOREX TRADE. Is it safe?

Jakub Schreurs
Jamaica
2023-08-31
ANSWER No, ACTIVE FOREX TRADE (ACTIVEFOREXTRADE) is not safe for investors.While selecting a trading platform, its regulatory compliance should be your number one focus. Since ACTIVE FOREX TRADE (ACTIVEFOREXTRADE) fails to disclose its regulatory information and licensing data, you should scrap the plan to engage with the platform. The lack of transparency is a significant scam indicator.While ACTIVE FOREX TRADE (ACTIVEFOREXTRADE) claims to be located in the UK, there are no indications that it is registered with the Financial Conduct Authority (FCA). According to the FCA warning, the platform is illegally targeting British residents without their authorization.Therefore, ACTIVE FOREX TRADE (ACTIVEFOREXTRADE) is a scam. Entrusting the platform with investors' funds and personal information is highly risky, as there are no rules in place to prevent fraud or theft. To protect traders' interests, a fully regulated alternative could be better.
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