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Montana Trading

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Operating status: SCAM

Website: https://www.montanatradingltd.com/

Broker violations and abnormal records
  • 2023-07-31 The UK FCA issues a warning against Montana Trading

    On August 1, 2023, the Financial Conduct Authority (FCA) issued a warning against Montana Trading, believing this broker might be providing financial services or products without proper authorization. https://www.fca.org.uk/news/warnings/montana-trading

    On August 1, 2023, the Financial Conduct Authority (FCA) issued a warning against Montana Trading, believing this broker might be providing financial services or products without proper authorization. https://www.fca.org.uk/news/warnings/montana-trading
  • 2023-08-02 BrokersView has reviewed that Montana Trading is an unregulated broker

    Montana Trading provides a company number issued by the Companies House (CH) to appear legal. However, the CH only serves as a registrar of companies in the UK and has no authority to issue financial licenses. Such authority rests with the Financial Conduct Authority (FCA). While Montana Trading claims to be located in the UK, it fails to seek authorization from the FCA, as evidenced by the warning issued by the UK financial watchdog.

    In essence, Montana Trading 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.

    Montana Trading provides a company number issued by the Companies House (CH) to appear legal. However, the CH only serves as a registrar of companies in the UK and has no authority to issue financial licenses. Such authority rests with the Financial Conduct Authority (FCA). While Montana Trading claims to be located in the UK, it fails to seek authorization from the FCA, as evidenced by the warning issued by the UK financial watchdog.In essence, Montana Trading 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

Is Montana Trading regulated?

anand venkat
Mozambique
2023-08-22
ANSWER No, Montana Trading is not regulated.Despite the attempt to appear legal using a company number from the Companies House (CH), Montana Trading remains unlicensed. Because the CH only serves as a registrar of companies in the UK and has no authority to issue financial licenses. Such authority rests with the Financial Conduct Authority (FCA). While Montana Trading claims to be located in the UK, it fails to seek authorization from the FCA, as evidenced by the warning issued by the UK financial watchdog.As such, Montana Trading is an unregulated broker. It is highly risky to trade with unlicensed brokers like Montana Trading, as there are no rules in place to protect investors from fraud or identity theft. Therefore, to avoid such risks, choosing a fully regulated platform is better.
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