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BULLCOPYTRADE
Operating status: SCAM
Website: https://bullcopytrade.com/
Broker violations and abnormal records
On December 27, 2023, the Seychelles Financial Services Authority (Seychelles FSA) issued a warning against BULLCOPYTRADE, saying it is not related to any entity licensed or regulated by the FSA in any capacity. https://fsaseychelles.sc/media-corner/regulatory-updates/alert-unauthorized-use-of-website-the-unlawful-website-9
On December 27, 2023, the Seychelles Financial Services Authority (Seychelles FSA) issued a warning against BULLCOPYTRADE, saying it is not related to any entity licensed or regulated by the FSA in any capacity. https://fsaseychelles.sc/media-corner/regulatory-updates/alert-unauthorized-use-of-website-the-unlawful-website-9BULLCOPYTRADE claims that it is an entity regulated by the Seychelles Financial Services Authority (Seychelles FSA).
However, the Seychelles FSA has issued a warning against this platform, refuting that claim. This contradiction is a red flag for a potential scam.
In essence, BULLCOPYTRADE is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.
BULLCOPYTRADE appears to be a scam.
BULLCOPYTRADE claims that it is an entity regulated by the Seychelles Financial Services Authority (Seychelles FSA).However, the Seychelles FSA has issued a warning against this platform, refuting that claim. This contradiction is a red flag for a potential scam.In essence, BULLCOPYTRADE is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.BULLCOPYTRADE appears to be a scam.On March 12, 2024, the Seychelles Financial Services Authority (Seychelles FSA) issued a statement addressing the ongoing issue with BULLCOPYTRADE. Despite the previous warning from the FSA, BULLCOPYTRADE continues to assert on their website that they are regulated by the Seychelles FSA and hold a Securities Dealer's Licence, number SD018. The FSA has categorically refuted these claims. https://fsaseychelles.sc/media-corner/regulatory-updates/alert-unauthorized-use-of-websites-the-unlawful-websites-7
On March 12, 2024, the Seychelles Financial Services Authority (Seychelles FSA) issued a statement addressing the ongoing issue with BULLCOPYTRADE. Despite the previous warning from the FSA, BULLCOPYTRADE continues to assert on their website that they are regulated by the Seychelles FSA and hold a Securities Dealer's Licence, number SD018. The FSA has categorically refuted these claims. https://fsaseychelles.sc/media-corner/regulatory-updates/alert-unauthorized-use-of-websites-the-unlawful-websites-7
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