EXPLORE TRADE Review : Fees, Pros and Cons, Reviews by Real Traders

EXPLORE TRADE

Operating status: SCAM

Website: https://www.explorefxtrade.com/

Broker violations and abnormal records

Dec 08, 2022 The UK FCA Added EXPLORE TRADE into Its Warnings
On 9 Dec 2022, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that EXPLORE TRADE was providing financial services or products in the UK without authorisation. You may visit: https://www.fca.org.uk/news/warnings/explore-trade

On 9 Dec 2022, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that EXPLORE TRADE was providing financial services or products in the UK without authorisation. You may visit: https://www.fca.org.uk/news/warnings/explore-trade
Dec 11, 2022 BrokersView has Reviewed that EXPLORE TRADE is an Unregulated Forex Broker
EXPLORE TRADE claims to be regulated in the USA, the UK, Canada, Japan,and Australia.
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.
We also searched the Investment Industry Regulatory Organization of Canada (IIROC), the Japan Financial Services Agency (Japan FSA) and Australian Securities & Investment Commission (ASIC), but did not find the broker's licenses.
Moreover, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that EXPLORE TRADE was providing financial services or products in the UK without authorisation.
The truth is that EXPLORE 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.

EXPLORE TRADE claims to be regulated in the USA, the UK, Canada, Japan,and Australia. 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. We also searched the Investment Industry Regulatory Organization of Canada (IIROC), the Japan Financial Services Agency (Japan FSA) and Australian Securities & Investment Commission (ASIC), but did not find the broker's licenses.Moreover, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that EXPLORE TRADE was providing financial services or products in the UK without authorisation.The truth is that EXPLORE 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.
Jul 15, 2025 BrokersView has identified that EXPLORE TRADE's website is currently offline
BrokersView found that the domain "explorefxtrade.com" is currently inaccessible. This is widely regarded as a significant red flag, as the suspension of a broker's website often points to underlying regulatory or operational issues.

BrokersView found that the domain "explorefxtrade.com" is currently inaccessible. This is widely regarded as a significant red flag, as the suspension of a broker's website often points to underlying regulatory or operational issues.

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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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