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Crypto FX AI Trade

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Operating status: SCAM

Website: https://www.cryptofxaitrades.com/

Broker violations and abnormal records
  • 2022-10-03 The UK FCA Added Crypto FX AI Trade into Its Warnings

    On 4 Oct 2022, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that Crypto FX AI Trade was providing financial services or products in the UK without authorisation. You may visit: https://www.fca.org.uk/news/warnings/crypto-fx-ai-trades

    On 4 Oct 2022, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that Crypto FX AI Trade was providing financial services or products in the UK without authorisation. You may visit: https://www.fca.org.uk/news/warnings/crypto-fx-ai-trades
  • 2022-10-07 BrokersView has Reviewed that Crypto FX AI Trade is an Unregulated Forex Broker

    Crypto FX AI Trade claims to be licensed in Belize. So we searched the Financial Services Commission of Belize (Belize FSC or IFSC) but found no matching results. That means the broker is not regulated in Belize.

    In addition, this broker also claims to be located in the UK. As per United Kingdom law, almost all firms and individuals offering, promoting, or selling financial services or products in the UK shall be authorized by the United Kingdom Financial Conduct Authority (UK FCA). However, we only found a warning against the scam in UK FCA. The regulator warned that Crypto FX AI Trade was providing financial services or products in the UK without authorisation.

    The truth is that Crypto FX AI Trade 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.

    Crypto FX AI Trade claims to be licensed in Belize. So we searched the Financial Services Commission of Belize (Belize FSC or IFSC) but found no matching results. That means the broker is not regulated in Belize.In addition, this broker also claims to be located in the UK. As per United Kingdom law, almost all firms and individuals offering, promoting, or selling financial services or products in the UK shall be authorized by the United Kingdom Financial Conduct Authority (UK FCA). However, we only found a warning against the scam in UK FCA. The regulator warned that Crypto FX AI Trade was providing financial services or products in the UK without authorisation.The truth is that Crypto FX AI Trade 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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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.

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