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FxNextGen

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Operating status: SCAM

Website: https://www.fxnextgen.com

Broker violations and abnormal records
  • 2020-02-17 The Austria FMA Added FxNextGen into Its Warnings

    On 18 Feb 2022, the Austrian Financial Market Authority (FMA) issued a warning that FxNextGen is not authorised to carry out banking transactions in Austria that require a licence. The company is therefore neither permitted to trade on a commercial basis on its own account nor on behalf of others. You many visit: https://www.fma.gv.at/en/Fx-NextGen-ltd/

    On 18 Feb 2022, the Austrian Financial Market Authority (FMA) issued a warning that FxNextGen is not authorised to carry out banking transactions in Austria that require a licence. The company is therefore neither permitted to trade on a commercial basis on its own account nor on behalf of others. You many visit: https://www.fma.gv.at/en/Fx-NextGen-ltd/
  • 2022-08-11 BrokersView has Reviewed that FxNextGen is an Unregulated Forex Broker

    FxNextGen claims that it has offices in the Republic of Georgia and Vanuatu. As per the information we have, there is no forex regulator in the Republic of Georgia. So we searched the Vanuatu Financial Services Commission(VFSC) but found no matching result. That means this broker is not regulated in the two countries.

    FxNextGen also claims that its servers are located in the UK. So we searched the United Kingdom Financial Conduct Authority (UK FCA) and still found nothing matched this broker. That means the broker is not authorized by UK FCA to provide financial services in the UK.

    Moreover, the Austrian Financial Market Authority (FMA) issued a warning that FxNextGen is not authorized to carry out banking transactions in Austria that require a license. The company is therefore neither permitted to trade on a commercial basis on its account nor on behalf of others.

    The truth is that FxNextGen 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.

    FxNextGen claims that it has offices in the Republic of Georgia and Vanuatu. As per the information we have, there is no forex regulator in the Republic of Georgia. So we searched the Vanuatu Financial Services Commission(VFSC) but found no matching result. That means this broker is not regulated in the two countries.FxNextGen also claims that its servers are located in the UK. So we searched the United Kingdom Financial Conduct Authority (UK FCA) and still found nothing matched this broker. That means the broker is not authorized by UK FCA to provide financial services in the UK.Moreover, the Austrian Financial Market Authority (FMA) issued a warning that FxNextGen is not authorized to carry out banking transactions in Austria that require a license. The company is therefore neither permitted to trade on a commercial basis on its account nor on behalf of others.The truth is that FxNextGen 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.

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