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Operating status: SCAM
Website: https://www.fxsptraders.com/
On January 5, 2024, the Financial Conduct Authority (FCA) issued a warning against Fxsptrader, believing this company might be providing financial services or products without proper authorization in the UK. https://www.fca.org.uk/news/warnings/fxsptrader-fxsp-trader
Fxsptrader purports to be a UK-based, regulated forex broker, operating under the company name Fxsptrader Global Pty Ltd with ABN 90149011361 and AFSL 398528 issued by the Australian Securities and Investments Commission (ASIC). However, it appears that this regulatory information is falsely attributed and actually belongs to a different company, which operates under its own brands and website. This deceptive practice of misappropriating legitimate information is a tactic used by Fxsptrader to mislead investors into believing they are a genuine platform.
Furthermore, the Financial Conduct Authority (FCA) has issued a warning against Fxsptrader, suspecting that the company may be offering financial services or products in the UK without the necessary authorization.
In reality, Fxsptrader is not overseen by any regulatory body. As such, entrusting this broker with investment funds carries a high level of risk due to the absence of legal protections to safeguard these funds.
In conclusion, Fxsptrader gives all indications of being a fraudulent operation. Investors are advised to exercise caution.
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