Arcofx Review : Fees, Pros and Cons, Reviews by Real Traders

Arcofx

Operating status: SCAM

Website: https://arcofx.com/

Broker violations and abnormal records

Feb 09, 2022 The UK FCA Added Arcofx into Its Warnings
On 10 Feb 2022, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that Arcofx is providing financial services or products in the UK without authorisation. You may visit: https://www.fca.org.uk/news/warnings/arcofx

On 10 Feb 2022, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that Arcofx is providing financial services or products in the UK without authorisation. You may visit: https://www.fca.org.uk/news/warnings/arcofx
Sep 06, 2022 BrokersView has Reviewed that Arcofx is an Unregulated Forex Broker
Arcofx claims to be a reliable broker without presenting any information about its regulation. The lack of such important information may be a distinct signal of an unlicensed broker, as regulated brokers always present their accreditations and licenses in a prominent position. It is a red flag.
Arcofx presents a telephone number that belongs to Dubai as a contact. So we searched DuBai Financial Services Authority (DFSA) but did not find any matching results. That means Arcofx is not regulated in Dubai.
Arcofx also claims to be located in the UK. As per United Kingdom law, 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 broker in UK FCA.
UK FCA warned that Arcofx is providing financial services or products in the UK without authorisation.
The truth is that Arcofx 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.

Arcofx claims to be a reliable broker without presenting any information about its regulation. The lack of such important information may be a distinct signal of an unlicensed broker, as regulated brokers always present their accreditations and licenses in a prominent position. It is a red flag. Arcofx presents a telephone number that belongs to Dubai as a contact. So we searched DuBai Financial Services Authority (DFSA) but did not find any matching results. That means Arcofx is not regulated in Dubai. Arcofx also claims to be located in the UK. As per United Kingdom law, 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 broker in UK FCA.UK FCA warned that Arcofx is providing financial services or products in the UK without authorisation.The truth is that Arcofx 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.
Dec 05, 2022 BrokersView has found that Arcofx is not working
BrokersView found the domain "https://arcofx.com/" is not working, as most probably it was suspended and it is always a bad sign when broker's website is suspended.

BrokersView found the domain "https://arcofx.com/" is not working, as most probably it was suspended and it is always a bad sign when broker's website is suspended.

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