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FX TRADE PLANET

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Operating status: SCAM

Website: https://fxtradeplanet.com/

Broker violations and abnormal records
  • 2023-07-30 The UK FCA issues a warning against FX TRADE PLANET

    On July 31, 2023, the Financial Conduct Authority (FCA) issued a warning against FX TRADE PLANET, believing this broker might be providing financial services or products without proper authorization. https://www.fca.org.uk/news/warnings/fx-trade-planet

    On July 31, 2023, the Financial Conduct Authority (FCA) issued a warning against FX TRADE PLANET, believing this broker might be providing financial services or products without proper authorization. https://www.fca.org.uk/news/warnings/fx-trade-planet
  • 2023-08-01 BrokersView has reviewed that FX TRADE PLANET is an unregulated broker

    FX TRADE PLANET falsely claims to be regulated by the Financial Conduct Authority (FCA), the Australian Securities and Investments Commission (ASIC), and the Financial Sector Conduct Authority (FSCA).

    The FCA has added FX TRADE PLANET to its warning list as an unauthorized firm, and our search for this company in the registers of the ASIC and FSCA didn't yield any matching results.

    In essence, FX TRADE PLANET 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 TRADE PLANET falsely claims to be regulated by the Financial Conduct Authority (FCA), the Australian Securities and Investments Commission (ASIC), and the Financial Sector Conduct Authority (FSCA).The FCA has added FX TRADE PLANET to its warning list as an unauthorized firm, and our search for this company in the registers of the ASIC and FSCA didn't yield any matching results.In essence, FX TRADE PLANET 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

My client manager hasn't answered me for several days. Scam???

JohnTrades
Bulgaria
2023-08-22
ANSWER Due to the fraudulent nature of FX TRADE PLANET, your client manager being unresponsive for several days might be an indication of a scam.Upon our investigation, FX TRADE PLANET attempts to deceive investors using the false claim that it is regulated by the Financial Conduct Authority (FCA), a claim denied by the UK financial watchdog in a warning against FX TRADE PLANET.This fraudster also purports to be regulated by the Australian Securities and Investments Commission (ASIC) and the Financial Sector Conduct Authority (FSCA), which turns out to be unfounded as no records in the registers of both regulators matching the company.As such, we have come to the conclusion that FX TRADE PLANET is a scam. If investors deal with it, they are getting less protections from fraud or identity theft. To avoid such risks and safeguard investors' interests, we strongly recommend staying away from unlicensed brokers like FX TRADE PLANET and instead choosing a fully regulated one.
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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.

Disclaimer:

The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.