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CONFIDENCIAL FXMARKETS

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Operating status: SCAM

Website: https://www.confidencialfxmarkets.com/

Broker violations and abnormal records
  • 2023-08-09 The UK FCA issues a warning against CONFIDENCIAL FXMARKETS

    On August 10, 2023, the Financial Conduct Authority (FCA) issued a warning against CONFIDENCIAL FXMARKETS, believing this broker might be providing financial services or products without proper authorization. https://www.fca.org.uk/news/warnings/confidencial-fxmarkets

    On August 10, 2023, the Financial Conduct Authority (FCA) issued a warning against CONFIDENCIAL FXMARKETS, believing this broker might be providing financial services or products without proper authorization. https://www.fca.org.uk/news/warnings/confidencial-fxmarkets
  • 2023-08-10 BrokersView has reviewed that CONFIDENCIAL FXMARKETS is an unregulated broker

    CONFIDENCIAL FXMARKETS is an illegal broker. While it provides a company number issued by the Companies House (CH), it is still a fraudulent platform. Firstly, the company under the CH number seems has no association with CONFIDENCIAL FXMARKETS. Secondly, the Financial Conduct Authority (FCA) has issued a warning against CONFIDENCIAL FXMARKETS, saying it is an unauthorized firm targeting British residents.

    In essence, CONFIDENCIAL FXMARKETS 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.

    CONFIDENCIAL FXMARKETS is an illegal broker. While it provides a company number issued by the Companies House (CH), it is still a fraudulent platform. Firstly, the company under the CH number seems has no association with CONFIDENCIAL FXMARKETS. Secondly, the Financial Conduct Authority (FCA) has issued a warning against CONFIDENCIAL FXMARKETS, saying it is an unauthorized firm targeting British residents.In essence, CONFIDENCIAL FXMARKETS 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

Do you think CONFIDENCIAL FXMARKETS is a reliable broker?

Dan Ibrahim
Sierra Leone
2023-09-07
ANSWER No, CONFIDENCIAL FXMARKETS is unreliable because it is a scam.It provided a company number 09988800 issued by the Companies House (CH) to appear legitimate, but the company owning this number in the CH register is called Forex Strategy Ltd. Mere registration with the CH is not sufficient in supporting the legal qualification for providing financial services, and whether CONFIDENCIAL FXMARKETS is connected to Forex Strategy Ltd is unclear.More importantly, the UK financial  regulatory body, Financial Conduct Authority (FCA) has issued a warning against CONFIDENCIAL FXMARKETS, saying it is an unauthorized firm illegally targeting British residents. Therefore, CONFIDENCIAL FXMARKETS is illegal.As such, BrokersView strongly suggests investors avoid CONFIDENCIAL FXMARKETS which poses significant risks to investors. Traders dealing with the platform will not get protected from fraud and theft. If any violation occurs, it could be financially and personally devastating. To mitigate such risks, it is advisable to choose a fully regulated broker instead.
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