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BROKERSFXT.COM (OCTAFX TRADE)

Operating status: SCAM

Website: https://brokersfxt.com/

Broker violations and abnormal records
  • Dec 08, 2022 The UK FCA Added BROKERSFXT.COM (OCTAFX TRADE) into Its Warnings

    On 9 Dec 2022, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that BROKERSFXT.COM (OCTAFX TRADE) was providing financial services or products in the UK without authorisation. You may visit: https://www.fca.org.uk/news/warnings/brokersfxtcom-octafx-trade

    On 9 Dec 2022, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that BROKERSFXT.COM (OCTAFX TRADE) was providing financial services or products in the UK without authorisation. You may visit: https://www.fca.org.uk/news/warnings/brokersfxtcom-octafx-trade
  • Dec 11, 2022 BrokersView has Reviewed that BROKERSFXT.COM (OCTAFX TRADE) is an Unregulated Currency Broker

    BROKERSFXT.COM (OCTAFX TRADE) claims to be a registered with the Securities and Exchange Commission (SEC) and licensed with the Commodity Futures Trading Commission (CFTC). And it also claims to be a member of the Financial Industry Regulatory Authority (FINRA), the National Futures Association (NFA). 

    However, SEC and FINRA are not forex regulators. 

    We searched National Futures Association (NFA) of the United States but found no matching results. And there was no financial reports of this company in U.S. Commodity Futures Trading Commission (CFTC). All in all, this broker is not regulated in the USA. 

    Moreover, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that BROKERSFXT.COM (OCTAFX TRADE) was providing financial services or products in the UK without authorisation. 

    The truth is that BROKERSFXT.COM (OCTAFX TRADE) 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.

    BROKERSFXT.COM (OCTAFX TRADE) claims to be a registered with the Securities and Exchange Commission (SEC) and licensed with the Commodity Futures Trading Commission (CFTC). And it also claims to be a member of the Financial Industry Regulatory Authority (FINRA), the National Futures Association (NFA). However, SEC and FINRA are not forex regulators. We searched National Futures Association (NFA) of the United States but found no matching results. And there was no financial reports of this company in U.S. Commodity Futures Trading Commission (CFTC). All in all, this broker is not regulated in the USA. Moreover, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that BROKERSFXT.COM (OCTAFX TRADE) was providing financial services or products in the UK without authorisation. The truth is that BROKERSFXT.COM (OCTAFX TRADE) 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.

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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:

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.