F1FX Review : Fees, Pros and Cons, Reviews by Real Traders

F1FX

Operating status: SCAM

Website: https://f1fx.com/

Broker violations and abnormal records

Jun 21, 2022 BrokersView has reviewed that F1FX is an Unregulated Forex Broker
F1FX claims to be owned and operated by KEB Prosperity (PTY) LTD, a South Africa Investment Firm authorized and regulated by the Financial Sector Conduct Authority (FSCA) with FSP license number: 50963.
When we searched in FSCA, we do find a match result to KEB Prosperity (PTY) LTD. But as per the details shown on the FSCA, KEB Prosperity (PTY) LTD does not have any representatives and has no authorization to provide derivative investments. That means neither KEB Prosperity (PTY) LTD nor F1FX can do forex. F1FX is not overseen by any regulators to do forex. Investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.

F1FX claims to be owned and operated by KEB Prosperity (PTY) LTD, a South Africa Investment Firm authorized and regulated by the Financial Sector Conduct Authority (FSCA) with FSP license number: 50963. When we searched in FSCA, we do find a match result to KEB Prosperity (PTY) LTD. But as per the details shown on the FSCA, KEB Prosperity (PTY) LTD does not have any representatives and has no authorization to provide derivative investments. That means neither KEB Prosperity (PTY) LTD nor F1FX can do forex. F1FX is not overseen by any regulators to do forex. Investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.
Jul 07, 2022 BrokersView has found that F1FX is not working
On 8 Jul 2022, BrokersView found the domain https://f1fx.com/ is not working, as most probably it was suspended and it is always a bad sign when broker's website is suspended.

On 8 Jul 2022, BrokersView found the domain https://f1fx.com/ is not working, as most probably it was suspended and it is always a bad sign when broker's website is suspended.

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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.