BrokersView

Search
Download
English
Sign In

regulatory warning

Newest

Popular

Does anyone trade with TRUSTGUARANTEETRADE before? Is it good?
FXARMY
Malaysia
1 hour ago
ANSWER No, TRUSTGUARANTEETRADE is not a good choice for investors as it is an unlicensed forex broker, posing substantial risks to traders.TRUSTGUARANTEETRADE hasn't disclosed details about its regulatory status. This lack of transparency suggests that it may not comply with relevant rules and hasn't obtained the required licenses for its business, which is a red flag. While it claims to have offices in both Russia and the US, there are no indications that it is registered with the relevant financial regulators. In addition, its unlicensed financial activities have elicited a warning from the UK's financial watchdog, the Financial Conduct Authority (FCA), further substantiating its illegitimacy.Therefore, trading with TRUSTGUARANTEETRADE may expose investors to fraud and identity theft. To safeguard their interests, traders are advised to stay away from unlicensed platforms like TRUSTGUARANTEETRADE and instead choose fully regulated ones with great reputations.
See more
Should I pay tax to Profiton?
Murat Duz
Moldova
3 hours ago
ANSWER Profiton is unregulated and appears to be a scam. Its requirement for taxes is a common tactic used by fraudsters to press unwitting investors into sending more money. We urge you to refuse to do so, stop sending any more money, and report it to the relevant authorities.Profiton hasn't provided any details about its regulatory status or the company's domicile. It offers a vague introduction about its company and has no legal notices. Traders are left with only an email address and a "Contact Us" web form to reach out to its team, with the initiative in communication being held by Profiton. This lack of transparency is a typical red flag for a scam. Furthermore, it solicits investors in Germany, prompting an investigation by the country's financial regulator, the Federal Financial Supervisory Authority (BaFin). BaFin has confirmed that Profiton is an unauthorized firm operating in Germany.Therefore, trading with Profiton carries the risks of fraud and identity theft. To protect their interests, investors are advised against trading with Profiton and other unlicensed brokers, and instead choose fully regulated ones with good reputations.
See more
Can I trust Exopip? Someone I met on FB told me she earned much money on Exopip.
Philomena
Tuvalu
6 hours ago
ANSWER No, Exopip is not regulated and appears to be a scam. It should be avoided at all costs.It's absurd that Exopip openly admits to not being regulated, yet attempts to create an illusion of honesty and legitimacy. It's important to remember that trust should be placed only in companies under certain supervision. Even so, it's worth noting that even a fully regulated broker may demonstrate poor regulatory compliance. Investors must always exercise extreme caution. Therefore, regardless of how friendly and honest Exopip attempts to appear, it should not be trusted. Furthermore, the Comisión Nacional del Mercado de Valores (CNMV), the Spanish financial regulator, has placed Exopip on its alert list as an unauthorized firm and cautioned the public to avoid it. This contradicts Exopip's claims about its reliability, further substantiating that an unregulated broker is not trustworthy.Trading with Exopip could lead to risks such as fraud and identity theft. Without regulatory protections, investors engaging with this unlicensed platform are in danger. To protect their interests, traders are advised to avoid Exopip and instead choose fully regulated brokers with solid reputations.
See more
How long it takes to process withdrawal request in Double Capitals?
BabaraNash
Paraguay
8 hours ago
ANSWER We strongly advise against engaging with Double Capitals. This unlicensed trading platform poses significant risks to investors.Double Capitals does not provide information about its regulatory status, which significantly undermines its transparency and raises concerns about its credibility. Moreover, the Federal Financial Supervisory Authority (BaFin), the German financial regulator, has investigated this website and confirmed that it was providing investment or financial services in Germany without the necessary authorization. As a result, BaFin issued a warning against Double Capitals to highlight the risks involved.Trading with Double Capitals could expose investors to risks such as fraud and identity theft, which could harm them both financially and personally. To protect their interests, traders are advised to avoid such unlicensed brokers and instead opt for those that are fully regulated and have solid reputations.
See more
Liberty Commercial Finance Limited has license right???
David Szal
Honduras
8 hours ago
ANSWER No, Liberty Commercial Finance Limited operates without the necessary licenses.Liberty Commercial Finance Limited claims to be registered with the Companies House (CH) in the UK. However, this registration holds little significance in the financial industry without authorization from the Financial Conduct Authority (FCA). The FCA has issued a warning against Liberty Commercial Finance Limited, classifying it as an unauthorized firm in the UK and advising the public to avoid it.Trading with an unlicensed platform like Liberty Commercial Finance Limited could lead to potential risks such as fraud and identity theft, which could harm investors both financially and personally. To safeguard their interests, traders are strongly advised to avoid such illegal brokers as Liberty Commercial Finance Limited and instead opt for those that are fully regulated and have solid reputations.
See more
I've heard about Fangde Securities before, and forthright-chinese.com is their official website, right?
Larry burchard
Colombia
9 hours ago
ANSWER No, the website forthright-chinese.com is not associated with any licensed entity. This domain name has been investigated by the Hong Kong Securities and Futures Commission (SFC). According to a warning issued by this financial watchdog, it is a suspicious website with no affiliation to Fangde Securities Limited, an institution licensed by the SFC. The fraudulent entity uses a name similar to the legitimate company in an attempt to mislead investors.Consequently, we have labeled it as "Fake Forthright" to assist investors in distinguishing it from the authentic entity. This illegal platform appears to harbor fraudulent intentions, and traders are advised to avoid it at all costs. To mitigate the risks of fraud and identity theft, it is recommended to steer clear of such deceptive platforms and instead opt for those that are fully regulated and have excellent reputations.
See more
Can you check if Lyraten is legitimate?
Rick Von
New Zealand
10 hours ago
ANSWER Lyraten appears to be illegitimate.Lyraten does not disclose any details regarding its regulatory status. This lack of transparency is a significant indicator of potential scam activity, suggesting that it may not comply with the necessary regulations to obtain the required licenses. It has listed a phone number in Sweden as its hotline, which prompted us to search for it in the records of Sweden's financial regulator, Finansinspektionen (FI). However, no matching records were found. Moreover, it is illegally targeting British citizens without authorization from the Financial Conduct Authority (FCA). As a result, the FCA has issued a warning against Lyraten and added it to its warning list to protect its citizens from potential scams.Therefore, Lyraten has been proven to be a fraudulent platform, and trading with it could lead to fraud and identity theft. To safeguard their interests, investors are advised to avoid Lyraten and instead opt for brokers that are fully regulated and have excellent reputations.
See more
Is VOMarkets Regulated?
Artem Okubo
Malawi
2023-12-08
ANSWER VOMarkets is not a regulated trading platform.The claim by VOMarkets of being registered in St. Vincent and the Grenadines lacks substantiation, as no official records have been found to support this assertion. Furthermore, it is providing financial services in the UK without authorization from the Financial Conduct Authority (FCA), which has resulted in a warning issued by the FCA itself.Therefore, the honesty of VOMarkets is questionable, and it may potentially harbor fraudulent intentions. Investors who trade with it are at risk of fraud and identity theft. To protect their interests, traders are advised to avoid engaging with VOMarkets and other unlicensed brokers. Instead, they should opt for brokers that are fully regulated and have excellent reputations.
See more
Does Plus600 Management Ltd charge transaction fees?
Elpida Theocharous
Senegal
2023-12-08
ANSWER Before engaging in trading activities, it is crucial for investors to verify the licenses of forex brokers. It has come to light that Plus600 Management Ltd is an unlicensed platform, which presents significant risks to traders. Consequently, we strongly advise investors to steer clear of it.Plus600 Management Ltd purports to have offices in the UK and Switzerland. However, there is no evidence to suggest that it is authorized by the relevant financial regulators, namely the Financial Conduct Authority (FCA) in the UK and the Swiss Financial Market Supervisory Authority (FINMA). To underscore the risks involved, FINMA has issued a warning against Plus600 Management Ltd, stating that it is not listed in its commercial register.Trading with Plus600 Management Ltd could potentially lead to fraud and identity theft, both of which can have devastating financial and personal consequences. To mitigate such risks, we recommend avoiding unlicensed brokers and opting for those that are fully regulated and have solid reputations.
See more
Please tell me more about TFX PRIMES.
Florence Veli
Brazil
2023-12-08
ANSWER TFX PRIMES is an unregulated trading platform that has been flagged by the UK's financial watchdog, the Financial Conduct Authority (FCA).This platform has made false statements about its regulatory status, which undermines its credibility. While TFX PRIMES claims to be registered with the Companies House (CH) in the UK, this registration does not hold much weight as it lacks authorization from the FCA. The FCA has issued a warning against TFX PRIMES, categorizing it as an unauthorized firm that British citizens should avoid.Consequently, TFX PRIMES presents significant risks to investors. Engaging in trading with this platform could potentially lead to fraud and identity theft. It is strongly advised to avoid such unlicensed brokers and instead opt for fully regulated ones.
See more

1-10 of 904 questions

Hot Topics

Most Viewed

App Store

Google Play

Company Shop Application About Us Our Methodology Privacy Policy Contact Us

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.