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

Desfxtrade

Operating status: SCAM

Website: https://desfxtrade.com/web/home

Broker violations and abnormal records

Feb 15, 2023 The UK FCA Warns that Desfxtrade is a Clone Firm
On 16 Feb 2023, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that Desfxtrade was a clone firm. The fraudster was using the details of firms UK FCA authorise to try to convince people that it works for a genuine, authorised firm. You may visit: https://www.fca.org.uk/news/warnings/https-desfxtradecom-clone-fca-authorised-firm

On 16 Feb 2023, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that Desfxtrade was a clone firm. The fraudster was using the details of firms UK FCA authorise to try to convince people that it works for a genuine, authorised firm. You may visit: https://www.fca.org.uk/news/warnings/https-desfxtradecom-clone-fca-authorised-firm
Feb 16, 2023 BrokersView has Reviewed that Desfxtrade is an Unregulated Forex Broker
Desfxtrade claims to be a trusted and reliable Trading platform authorized and regulated by the Financial Conduct Authority (FCA) in the UK with FCA Register Number 113942. However, when we searched in FCA, we found the register number actually belongs to a company named "Gain Capital UK Limited." As per the regulatory details shown on the regulator, the only approved domain of the licensed firm is "www.GAINCapitalUKLtd."
More important, FCA issued a warning against Desfxtrade for being a clone firm, which falsely used the details of firms the UK FCA auauthorizedo try to convince people that it works for a genuine, authorized firm.
The truth is, Desfxtrade 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.

Desfxtrade claims to be a trusted and reliable Trading platform authorized and regulated by the Financial Conduct Authority (FCA) in the UK with FCA Register Number 113942. However, when we searched in FCA, we found the register number actually belongs to a company named "Gain Capital UK Limited." As per the regulatory details shown on the regulator, the only approved domain of the licensed firm is "www.GAINCapitalUKLtd." More important, FCA issued a warning against Desfxtrade for being a clone firm, which falsely used the details of firms the UK FCA auauthorizedo try to convince people that it works for a genuine, authorized firm.The truth is, Desfxtrade 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.

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