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Exchange Income

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Operating status: SCAM

Website: https://exchange-income.com/

Broker violations and abnormal records
  • 2022-11-23 The Belize FSC Added Exchange Income into Its Warnings

    On 24 Nov 2022, the Financial Services Commission of Belize (Belize FSC or IFSC) issued a warning that Exchange Income was not licensed under the FSC Act to provide, carry on, transact, or hold itself out as providing, carrying on, or transacting any of the international financial services as set out in the Schedule of the FSC Act in or from within Belize. You may visit: https://www.belizefsc.org.bz/warning-notice-exchange-income/

    On 24 Nov 2022, the Financial Services Commission of Belize (Belize FSC or IFSC) issued a warning that Exchange Income was not licensed under the FSC Act to provide, carry on, transact, or hold itself out as providing, carrying on, or transacting any of the international financial services as set out in the Schedule of the FSC Act in or from within Belize. You may visit: https://www.belizefsc.org.bz/warning-notice-exchange-income/
  • 2022-11-24 BrokersView has Reviewed that Exchange Income is an Unregulated Forex Broker

    Exchange Income claims to be located in the USA and regulated by U.S. Commodity Futures Trading Commission (CFTC), Belize Financial Services Commission (Belize FSC or IFSC), and Cyprus Securities and Exchange Commission (CySEC).

    We searched National Futures Association (NFA) of the United States but found no matching results. And there was no financial reports of this company in U.S. Commodity Futures Trading Commission (CFTC). All in all, this broker is not regulated in the USA. 

    In addition, we did not find any matching results in CySEC. That means the broker is not regulated by the regulator. 

    Moreover, Belize FSC issued a warning that Exchange Income was not licensed under the FSC Act to provide, carry on, transact, or hold itself out as providing, carrying on, or transacting any of the international financial services as set out in the Schedule of the FSC Act in or from within Belize.

    The truth is that Exchange Income 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.

    Exchange Income claims to be located in the USA and regulated by U.S. Commodity Futures Trading Commission (CFTC), Belize Financial Services Commission (Belize FSC or IFSC), and Cyprus Securities and Exchange Commission (CySEC).We searched National Futures Association (NFA) of the United States but found no matching results. And there was no financial reports of this company in U.S. Commodity Futures Trading Commission (CFTC). All in all, this broker is not regulated in the USA. In addition, we did not find any matching results in CySEC. That means the broker is not regulated by the regulator. Moreover, Belize FSC issued a warning that Exchange Income was not licensed under the FSC Act to provide, carry on, transact, or hold itself out as providing, carrying on, or transacting any of the international financial services as set out in the Schedule of the FSC Act in or from within Belize.The truth is that Exchange Income 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.

Related Complaints

Q&A

Does it charge fee when Im not trading?

Alie Campbell
Mauritius
2023-02-14
ANSWER Exchange Income is not a regulated or licensed broker for traders even though it states offers that look good to be true.Exchange Income claims to be located in the USA and regulated by U.S. Commodity Futures Trading Commission (CFTC), Belize Financial Services Commission (Belize FSC), and Cyprus Securities and Exchange Commission (CySEC).However, we did not find any matching results for this broker in CFTC or CySEC. Moreover, when we searched in Belize FSC, we only found a warning against Exchange Income for not being a licensed broker under the FSC Act to provide, carry on, transact, or hold itself out as providing, carrying on, or transacting any of the international financial services as set out in the Schedule of the FSC Act in or from within Belize. You can check the full warning from here.The truth is, Exchange Income is not overseen by any regulators. That means your personal data or your funds in this broker are unsafe and cannot be protected by any law. We would recommend traders stay away from unregulated brokers like Exchange Income and trade with licensed brokers.
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Please tell me about its regulation.

Frederica
Tahiti
2022-12-05
ANSWER Exchange Income is not a licensed or regulated broker even though it states offers that look good to be true.Exchange Income claims to be located in the USA and regulated by U.S. Commodity Futures Trading Commission (CFTC), Belize Financial Services Commission (Belize FSC), and Cyprus Securities and Exchange Commission (CySEC).However, we did not find any match results to this broker in CFTC or CySEC. As for the regulation of Belize FSC, we only found a warning issued by the regulator against Exchange Income for not being licensed under the FSC Act to provide, carry on, transact, or hold itself out as providing, carrying on, or transacting any of the international financial services as set out in the Schedule of the FSC Act in or from within Belize. You can check the full warning from here.The truth is, Exchange Income is not overseen by any regulators. That means your personal data or your funds in this broker are unsafe and cannot be protected by any law. We would recommend traders stay away from unregulated brokers like Exchange Income and trade with licensed brokers.
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