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FX ELITETRADING

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Operating status: SCAM

Website: https://www.fx-elitetrading.com/

Broker violations and abnormal records
  • 2023-08-08 The UK FCA issues a warning against FX ELITETRADING

    On August 9, 2023, the Financial Conduct Authority (FCA) issued a warning against FX ELITETRADING, believing this broker might be providing financial services or products without proper authorization. https://www.fca.org.uk/news/warnings/fx-elitetrading

    On August 9, 2023, the Financial Conduct Authority (FCA) issued a warning against FX ELITETRADING, believing this broker might be providing financial services or products without proper authorization. https://www.fca.org.uk/news/warnings/fx-elitetrading
  • 2023-08-09 BrokersView has reviewed that FX ELITETRADING is an unregulated broker

    FX ELITETRADING fails to disclose its regulatory information, a significant scam indicator.

    In addition, the Financial Conduct Authority (FCA) has added FX ELITETRADING to its warning list for illegally targeting British residents.

    In essence, FX ELITETRADING 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.

    FX ELITETRADING fails to disclose its regulatory information, a significant scam indicator.In addition, the Financial Conduct Authority (FCA) has added FX ELITETRADING to its warning list for illegally targeting British residents.In essence, FX ELITETRADING 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

Hi, I cannot find the regulatory information of FX ELITETRADING. Can you help me?

James Ijibadejo
Qatar
2023-09-04
ANSWER The reason why you are not able to find any regulatory information of FX ELITETRADING is that they are an unregulated broker.On its website, FX ELITETRADING discloses nothing concerning its regulatory information. It is a significant scam indicator, as legitimate counterparts always prominently display their accreditation and licenses to instill transparency and trust.Another red flag comes when the Financial Conduct Authority (FCA) issues a warning against FX ELITETRADING. According to the UK's financial watchdog, FX ELITETRADING is an unauthorized firm illegally providing financial products or services in this jurisdiction.Therefore, BrokersView strongly suggest you avoid the unlicensed platform FX ELITETRADING. Entrusting this broker with your funds and personal information is highly risky, as there are no rules in place to prevent fraud or theft. To safeguard your interests, a fully regulated alternative is a better choice.
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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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