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Blockstramfx

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Operating status: SCAM

Website: https://blockstramfx.online/landing/oko/index.html; https://fxblockstream.com//landing/oko/index.html

Broker violations and abnormal records
  • 2023-08-07 The UK FCA issues a warning against Blockstramfx

    On August 8, 2023, the Financial Conduct Authority (FCA) issued a warning against Blockstramfx, believing this broker might be providing financial services or products without proper authorization. https://www.fca.org.uk/news/warnings/blockstramfx

    On August 8, 2023, the Financial Conduct Authority (FCA) issued a warning against Blockstramfx, believing this broker might be providing financial services or products without proper authorization. https://www.fca.org.uk/news/warnings/blockstramfx
  • 2023-08-08 BrokersView has reviewed that Blockstramfx is an unregulated broker

    Blockstramfx fails to disclose its regulatory information, a significant scam indicator.

    While it provides an address in the UK, it fails to obtain authorization from the Financial Conduct Authority (FCA), as evidenced by the warning from the FCA.

    In essence, Blockstramfx 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.

    Blockstramfx fails to disclose its regulatory information, a significant scam indicator.While it provides an address in the UK, it fails to obtain authorization from the Financial Conduct Authority (FCA), as evidenced by the warning from the FCA.In essence, Blockstramfx 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.
  • 2023-11-19 The UK FCA issued a warning against BLOCKSTRAMFX

    On 16 November 2023, the UK Financial Conduct Authority (FCA) added the domain name and company name used in the scam, believing that the broker may be providing financial services or products without appropriate authorization: https://www.fca.org.uk/news/warnings/blockstramfx-fxblockstream

    On 16 November 2023, the UK Financial Conduct Authority (FCA) added the domain name and company name used in the scam, believing that the broker may be providing financial services or products without appropriate authorization: https://www.fca.org.uk/news/warnings/blockstramfx-fxblockstream

Related Complaints

Q&A

I want to trade with Blockstramfx. Do you recommend this platform?

Roberta Kalanderi
Vietnam
2023-09-05
ANSWER Blockstramfx is an unregulated broker and we strongly suggest you avoid the platform, regardless of how tempting deals it offers.A legitimate broker must prominently display their accreditation and licenses. Therefore, the lack of information thereof may suggest that it is a scam. Blockstramfx is among those who fail to disclose its regulatory information. It is a significant scam indicator.Despite claiming to have an address in the UK, the platform has been unable to obtain authorization from the Financial Conduct Authority (FCA). As such, the FCA has red-flagged Blockstramfx, identifying it as an unauthorized firm. You can refer here for the full warning.As a result, BrokersView strongly advises investors against Blockstramfx. It is an unlicensed broker coming with significant risks, such as fraud and identity theft, which could be financially and personally devastating. To safeguard investors' interests, we highly recommend choosing a fully regulated broker.
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