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Operating status: SCAM
Website: https://fewatrade.com/
FewaTRADE claims to be a licensed and award-winning broker while not presenting any details of its regulation. Lacking regulatory information is the distinctive characteristic of an unlicensed broker, as licensed brokers will always present their certificates and licenses in a prominent position. It is a red flag here.
Besides, FewaTRADE shows its company address is in the United States and provides a contact tel number which belongs to the UK. As per relevant law, brokers offering, promoting, or selling financial services or products in the above two countries have to be authorized or registered by the UK Financial Conduct Authority (FCA) and the US National Futures Association (NFA). However, we did not find any match results to this broker in FCA or NFA. The truth is, FewaTRADE is not under valid regulation by any regulators to do forex. Investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.
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