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FCX Trade
Operating status: SCAM
Website: https://fcxtrade.com/
Broker violations and abnormal records
Although FCX Trade claims to be registered in the UK, we cannot find any relevant results on the Financial Conduct Authority's (FCA) licensing register. For a trading company, being regulated by local financial authorities should be of great importance.
FCX Trade also claims to be licensed by the Financial Services Commission (FSC). However, upon investigation, no matching company name was found on the FSC's official website. The Financial Crimes Enforcement Network (FinCEN) in the USA, which it also claims to be regulated by, does not regulate CFD trading either.
Although FCX Trade claims to be registered in the UK, we cannot find any relevant results on the Financial Conduct Authority's (FCA) licensing register. For a trading company, being regulated by local financial authorities should be of great importance. FCX Trade also claims to be licensed by the Financial Services Commission (FSC). However, upon investigation, no matching company name was found on the FSC's official website. The Financial Crimes Enforcement Network (FinCEN) in the USA, which it also claims to be regulated by, does not regulate CFD trading either.
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