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LoyalFXMarket

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Operating status: SCAM

Website: https://www.loyalfxmarkets.com/

Broker violations and abnormal records
  • 2022-10-31 The UK FCA Added LoyalFXMarket into Its Warnings

    On 1 Nov 2022, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that LoyalFXMarket was providing financial services or products in the UK without authorisation. You may visit: https://www.fca.org.uk/news/warnings/loyalfxmarket


    On 1 Nov 2022, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that LoyalFXMarket was providing financial services or products in the UK without authorisation. You may visit: https://www.fca.org.uk/news/warnings/loyalfxmarket
  • 2022-11-03 BrokersView has Reviewed that LoyalFXMarket is an Unregulated Forex Broker

    LoyalFXMarket claims to be awarded in the market during 2017-2019. However, we checked its domain and found the domain was created in 2020. How could it be possible that the broker to be awarded before the year? It is a red flag. 

    According to its website, the broker is located in the UK. As per United Kingdom law, almost all firms and individuals offering, promoting, or selling financial services or products in the UK shall be authorized by the United Kingdom Financial Conduct Authority (UK FCA). However, we only found a warning against this scam in UK FCA.

    The regulator warned that LoyalFXMarket was providing financial services or products in the UK without authorisation.

    The truth is that LoyalFXMarket 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.

    LoyalFXMarket claims to be awarded in the market during 2017-2019. However, we checked its domain and found the domain was created in 2020. How could it be possible that the broker to be awarded before the year? It is a red flag. According to its website, the broker is located in the UK. As per United Kingdom law, almost all firms and individuals offering, promoting, or selling financial services or products in the UK shall be authorized by the United Kingdom Financial Conduct Authority (UK FCA). However, we only found a warning against this scam in UK FCA.The regulator warned that LoyalFXMarket was providing financial services or products in the UK without authorisation.The truth is that LoyalFXMarket 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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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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