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Broadmarketcap

Operating status: SCAM

Website: https://broadmarketcap.com/

Broker violations and abnormal records
  • Feb 13, 2023 The UK FCA Added Broadmarketcap into Its Warnings

    On 14 Feb 2023, the United Kingdom Financial Conduct Authority (FCA) issued a warning that Broadmarketcap may be providing financial services or products in the UK without authorization. You may visit: https://www.fca.org.uk/news/warnings/broadmarketcap

    On 14 Feb 2023, the United Kingdom Financial Conduct Authority (FCA) issued a warning that Broadmarketcap may be providing financial services or products in the UK without authorization. You may visit: https://www.fca.org.uk/news/warnings/broadmarketcap
  • Feb 14, 2023 BrokersView has reviewed that Broadmarketcap is an Unregulated Forex Broker

    Broadmarketcap claims to be a 100% trusted trading broker with regulatory licenses across 6 jurisdictions but not mentioning specifically in which regulatory bodies it has licensed. Besides， Broadmarketcap shows its company address is in the United Kingdom. As per the United Kingdom law, all firms and individuals offering, promoting, or selling financial services or products in the UK have to be authorized or registered by the UK Financial Conduct Authority (FCA).

    However, when we searched in FCA, we only found a warning against this broker for providing financial services or products in the UK without authorization. The truth is, Broadmarketcap is not under valid regulation by any regulators to provide investment services. Investors' funds in this company are unsafe and cannot be protected by any law. It is a scam.

    Broadmarketcap claims to be a 100% trusted trading broker with regulatory licenses across 6 jurisdictions but not mentioning specifically in which regulatory bodies it has licensed. Besides， Broadmarketcap shows its company address is in the United Kingdom. As per the United Kingdom law, all firms and individuals offering, promoting, or selling financial services or products in the UK have to be authorized or registered by the UK Financial Conduct Authority (FCA).However, when we searched in FCA, we only found a warning against this broker for providing financial services or products in the UK without authorization. The truth is, Broadmarketcap is not under valid regulation by any regulators to provide investment services. Investors' funds in this company are unsafe and cannot be protected by any law. 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.

Disclaimer:

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