BrokersView
Search
Download
English
Sign In

BACUNDA LIMITED

Save

Operating status: SCAM

Website: https://bacunda.com/

Broker violations and abnormal records
  • 2023-09-20 The UK FCA issued a Warning against BACUNDA LIMITED

    On 13 September 2023, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that BACUNDA LIMITED was providing financial services or products in the UK without authorisation. You may visit:https://www.fca.org.uk/news/warnings/bacunda-limited

    On 13 September 2023, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that BACUNDA LIMITED was providing financial services or products in the UK without authorisation. You may visit:https://www.fca.org.uk/news/warnings/bacunda-limited
  • 2023-09-20 BrokersView has Reviewed that ​BACUNDA LIMITED is an Unregulated trading platform

    According to its website, BACUNDA LIMITED claims to be a reliable platform and is regulated by the Financial Conduct Authority (FCA) and the Malaysian Securities Commission (Malaysia SC). However, after verification, it was found that the FCA warned it. Similarly, Malaysia SC does not include an entity named Bacunda in its register. What's more, this governing body doesn't regulate foreign exchange. Therefore, all the regulatory information displayed on the website is invalid.

    The truth is that BACUNDA LIMITED is not regulated by any regulators. Letting it hold or control investors' money is unsafe, and the money can not be protected by any laws. 

    Therefore, BACUNDA LIMITED is a scam.

    According to its website, BACUNDA LIMITED claims to be a reliable platform and is regulated by the Financial Conduct Authority (FCA) and the Malaysian Securities Commission (Malaysia SC). However, after verification, it was found that the FCA warned it. Similarly, Malaysia SC does not include an entity named Bacunda in its register. What's more, this governing body doesn't regulate foreign exchange. Therefore, all the regulatory information displayed on the website is invalid.The truth is that BACUNDA LIMITED is not regulated by any regulators. Letting it hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, BACUNDA LIMITED is a scam.

Related Complaints

Q&A

I'm wondering which country's license BACUNDA LIMITED has. Thank you.

Nicolas Ginsac
New Caledonia
2023-10-23
ANSWER BACUNDA LIMITED operates as a trading platform in the absence of the required licenses. Thus, it is advised against engaging with it.BACUNDA LIMITED lies about being regulated by the UK's Financial Conduct Authority (FCA) and Malaysia's Securities Commission (SC). The FCA has exposed BACUNDA LIMITED as an unauthorized firm that preys on British investors without permission (the full FCA warning can be accessed here). The SC has no trace of BACUNDA LIMITED in its register, so its claim of being registered is false.Do not trust BACUNDA LIMITED's fake testimonials and notifications that claim someone has just made a successful deal. These are easy to fabricate and have no regulatory oversight to ensure their validity.Entrusting the platform with investors' funds is highly risky as no rules in place to prevent fraud and identity theft. To mitigate such risks, traders are advised to stay away from unlicensed platforms and instead choose fully regulated ones.
See more

comments

Be the first to review.
Rate and Review

Your review

App Store

Google Play

Company Shop Application About Us Our Methodology Privacy Policy Contact Us

Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

Disclaimer:

The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.