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VIP's bonuses on ADVANCEDPROFIT are up to 100%?! Can someone tell if it is true?!
Advait Chan
Indonesia
1 hour ago
ANSWER We strongly advise against using ADVANCEDPROFIT, an unlicensed broker.The broker purports to be registered in St. Lucia, a jurisdiction where forex trading activities are not licensed. It fails to provide any valid regulatory information, which is a red flag for potential scams. Moreover, it has been flagged by two financial regulators - the Austrian Financial Market Authority (FMA) and the Comisión Nacional del Mercado de Valores (CNMV) - for operating without proper authorization, raising serious concerns about its legitimacy and credibility (access the FMA warning, and the CNMV warning).Given these circumstances, ADVANCEDPROFIT, as an unlicensed broker, presents significant risks. To protect yourself from such risks, we highly recommend avoiding ADVANCEDPROFIT and opting for fully regulated brokers instead.
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Is TradeOption Fx regulated in the US?
Amedeo El Osta
United States of America
3 hours ago
ANSWER No, TradeOption Fx is not regulated in the US. The broker attempts to project an image of legitimacy by claiming to be regulated by the U.S. Department of Commerce. However, this department's mission is to foster economic growth and opportunity for all communities, not to directly regulate companies in various financial sectors. Based on TradeOption Fx's stated business, it should fall under the jurisdiction of the National Futures Association (NFA) and the Commodity Futures Trading Commission (CFTC). Yet, our search in the registers of these two agencies has not yielded any corresponding records, suggesting that TradeOption Fx is operating in the US outside the regulatory framework.The broker cites three different company names to substantiate its authenticity, but its statements are vague and do not clearly define the relationships with these companies, rendering such claims questionable. Dilna Investments Ltd is the only company that TradeOption Fx explicitly states is associated, but the broker does not specify which regulatory body it falls under. As for the Federal Deposit Insurance Corporation that TradeOption Fx cites, its role is to maintain stability and public confidence in the nation's financial system, not to regulate forex trading in the US. It appears that TradeOption Fx is intentionally fabricating false regulatory statements and using the names of unrelated departments to mislead unsuspecting investors.Therefore, investors should not trust TradeOption Fx. This platform is fraudulent, and we urge investors to steer clear of it to avoid becoming victims of potential fraud and identity theft. It is crucial to be aware of the specific financial regulators responsible for overseeing forex trading activities. We advise investors to verify any regulatory claims made by a broker instead of accepting them at face value.
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Wanna know more about the deposit bonuses offered by SwissTrades365.
Ales Swinburn
Hungary
6 hours ago
ANSWER If a forex broker is unregulated, its promises cannot be trusted. Not only is SwissTrades365 unlicensed, but it also falsely claims to have being regulated, which is a significant indicator of a scam.Despite its claims of being regulated by three major financial regulators, our checks with the relevant authorities reveal that these claims are unfounded. There are no records to back up its assertions. Moreover, the Federal Financial Supervisory Authority (BaFin) has issued a warning against SwissTrades365 due to its lack of proper authorization, further highlighting the broker's unreliability.Given these facts, SwissTrades365 is far from a secure option. Engaging with this unlicensed broker could result in financial losses. Furthermore, in the event of any issues, investors may not be able to protect their interests as there are no regulations in place. To mitigate such risks, it is advisable to choose fully regulated brokers instead of unregulated ones like SwissTrades365.
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Litrofxmarket seems to be a scam, they didn't give me the promised returns, even my deposit.
Bernie Cachinga
Cameroon
2024-04-23
ANSWER LitroFxMarket appears to be a scam.There are three red flags. First, the website's establishment in June 2022 contradicts its assertion of being founded in 2016. This inconsistency casts doubt on the company's credibility.Second, the promise of an exceedingly high Return on Investment (ROI) is a common tactic employed by scammers. It's crucial to understand that no broker or trading platform can guarantee a specific ROI due to the significant risk involved, market conditions, the trader's skill level, among other factors.Third, despite the broker's claims of being US-based and offering financial services in trading cryptocurrencies, forex pairs, and other assets, there's no evidence of it being registered with the Securities and Exchange Commission (SEC) or the National Futures Association (NFA). This suggests it's operating in the US without any oversight.Even more concerning, we've discovered a warning issued by the Financial Commission, identifying LitroFxMarket as a scam. This serves as compelling evidence of the broker's illegitimacy.Therefore, engaging with LitroFxMarket is risky. Dealing with this unregulated broker could result in financial losses. To avoid potential fraud and identity theft, it's recommended to steer clear of LitroFxMarket.
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Can I trade CFDs on HIGH GAINS INVESTMENT?
ithightime
Croatia
2024-04-23
ANSWER When choosing a trading platform, conducting comprehensive research to confirm its legitimacy is crucial. HIGH GAINS INVESTMENT, due to its unlicensed status, does not present a secure option.Despite its claims of being based in the UK, it has failed to adhere to pertinent regulations. Consequently, the Financial Conduct Authority (FCA) has issued a warning against HIGH GAINS INVESTMENT, identifying it as an unauthorized firm and advising investors to steer clear.Engaging with an unregulated trading platform such as HIGH GAINS INVESTMENT could result in financial losses. For a safer trading experience, investors are advised to prefer fully regulated brokers over unregulated ones like HIGH GAINS INVESTMENT.
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How about FALCON DIGITAL HOLDINGS' commissions?
Konstantin Faller
Cambodia
2024-04-23
ANSWER FALCON DIGITAL HOLDINGS is an unregulated trading platform, and the trading conditions it promises cannot be trusted.While the company presents an alleged incorporation certificate issued by the Companies House (CH) as proof of its legitimacy in the UK, it's important to note that nearly all individuals and firms providing financial services in the country are required to be authorized by the Financial Conduct Authority (FCA). Merely being registered with the CH does not equate to having authorization from the FCA. FALCON DIGITAL HOLDINGS is an unauthorized firm, which has led to a warning from the FCA, indicating substantial risks.We strongly advise investors to avoid unlicensed trading platforms like FALCON DIGITAL HOLDINGS to prevent potential fraud and identity theft. It is recommended to choose fully regulated platforms for trading.
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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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