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FX COINTRADE

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Operating status: SCAM

Website: https://fx-cointrade.com/

Broker violations and abnormal records
  • 2024-04-16 The FCA issues a warning about FX COINTRADE

    On April 17, 2024, the Financial Conduct Authority (FCA) issued a warning against FX COINTRADE, believing this company might be providing financial services or products without proper authorization in the UK. https://www.fca.org.uk/news/warnings/fx-cointrade-fx-cointradecom

    On April 17, 2024, the Financial Conduct Authority (FCA) issued a warning against FX COINTRADE, believing this company might be providing financial services or products without proper authorization in the UK. https://www.fca.org.uk/news/warnings/fx-cointrade-fx-cointradecom
  • 2024-04-18 BrokersView has reviewed that FX COINTRADE is an unregulated trading platform

    The domain name of FX COINTRADE was recently registered in November 2023, a fact that contradicts to the alleged business scale. This is a red flag.

    While the firm claims to be located in the UK, there are no indications that it is authorized by the Financial Conduct Authority (FCA). As such, the FCA issued a warning against FX COINTRADE, identifying it as an unauthorized firm in the country and advising investors to stay away from the scam.

    In essence, FX COINTRADE is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.

    FX COINTRADE appears to be a scam.

    The domain name of FX COINTRADE was recently registered in November 2023, a fact that contradicts to the alleged business scale. This is a red flag.While the firm claims to be located in the UK, there are no indications that it is authorized by the Financial Conduct Authority (FCA). As such, the FCA issued a warning against FX COINTRADE, identifying it as an unauthorized firm in the country and advising investors to stay away from the scam.In essence, FX COINTRADE is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.FX COINTRADE appears to be a scam.

Related Complaints

Q&A

Hong long does it take for FX COINTRADE to process my deposit?

Ster clinton
Canada
2024-04-22
ANSWER FX COINTRADE is an unlicensed trading platform that offers financial services without the necessary authorization. We strongly urge investors to steer clear of such platforms that operate outside the regulatory framework.This newly registered website's assertion of having such a disproportionately large scale, considering its recent inception, raises doubts about the authenticity of its claims. The Return on Investment (ROI) it promises is excessively high, bordering on the impossible. This is likely a tactic to entice and trap unsuspecting investors. Despite claiming to be based in the UK, the Financial Conduct Authority (FCA) has issued a warning about FX COINTRADE, highlighting its unauthorized status and advising investors to avoid this potential scam.Given these factors, FX COINTRADE is not a legitimate entity and poses significant risks of fraud and identity theft. For a safer trading environment, we highly recommend investors to choose fully regulated trading platforms instead of unregulated ones like FX COINTRADE.
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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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