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Financebase247
Operating status: SCAM
Website: https://www.tradefinancebase247.com/
Broker violations and abnormal records
On May 3rd, 2024, the Financial Conduct Authority (FCA) issued a warning against Financebase247, believing this company might be providing financial services or products without proper authorization in the UK. https://www.fca.org.uk/news/warnings/financebase247-wwwtradefinancebase247com
On May 3rd, 2024, the Financial Conduct Authority (FCA) issued a warning against Financebase247, believing this company might be providing financial services or products without proper authorization in the UK. https://www.fca.org.uk/news/warnings/financebase247-wwwtradefinancebase247comThe website of Financebase247 appears to be identical to that of Fxmarkettrade, an unregulated broker that has previously been flagged by BrokersView. They even share the same alleged physical address, which raises questions about their authenticity.
Intriguingly, Financebase247 alleges to be registered with the Companies House (CH), under certificate number 07309208 and the company name Coinbasetrade-holdingfx Ltd. However, our verification suggests otherwise. The number in the CH register is linked to an entirely different company, Etrade Solutions Ltd, and there is no evidence of any potential association between this entity and Financebase247. As such, Financebase247's so-called CH registration has ironically become proof of its dishonesty.
Financebase247 purports to be authorized and regulated by the Financial Conduct Authority (FCA). However, this claim has been refuted by the FCA itself, which has issued a warning against this potentially fraudulent trading platform. The UK's financial watchdog categorizes Financebase247 as an unauthorized firm operating within its jurisdiction.
In essence, Financebase247 is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.
Financebase247 appears to be a scam.
The website of Financebase247 appears to be identical to that of Fxmarkettrade, an unregulated broker that has previously been flagged by BrokersView. They even share the same alleged physical address, which raises questions about their authenticity.Intriguingly, Financebase247 alleges to be registered with the Companies House (CH), under certificate number 07309208 and the company name Coinbasetrade-holdingfx Ltd. However, our verification suggests otherwise. The number in the CH register is linked to an entirely different company, Etrade Solutions Ltd, and there is no evidence of any potential association between this entity and Financebase247. As such, Financebase247's so-called CH registration has ironically become proof of its dishonesty.Financebase247 purports to be authorized and regulated by the Financial Conduct Authority (FCA). However, this claim has been refuted by the FCA itself, which has issued a warning against this potentially fraudulent trading platform. The UK's financial watchdog categorizes Financebase247 as an unauthorized firm operating within its jurisdiction.In essence, Financebase247 is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.Financebase247 appears to be a scam.
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