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Forex Crypto Payout

Operating status: SCAM

Website: https://www.forexcryptopayout.com/

Broker violations and abnormal records
  • Nov 27, 2022 The UK FCA Added Forex Crypto Payout into Its Warnings

    On 28 Nov 2022, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that Forex Crypto Payout was providing financial services or products in the UK without authorisation. You may visit: https://www.fca.org.uk/news/warnings/forex-crypto-payout


    On 28 Nov 2022, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that Forex Crypto Payout was providing financial services or products in the UK without authorisation. You may visit: https://www.fca.org.uk/news/warnings/forex-crypto-payout
  • Nov 28, 2022 BrokersView has Reviewed that Forex Crypto Payout is an Unregulated Forex Broker

    Forex Crypto Payout claims to be a licensed broker under multiple regulations, including: 

     1) US Financial Services Authority (NOT a forex regulator)，

     2) the United Kingdom Financial Conduct Authority (UK FCA),

     3) the Germany Federal Financial Supervisory Authority (BaFin), 

     4) French Prudential Supervisory Authority (NOT a forex regulator),

     5) the Spain Comisión Nacional del Mercado de Valores (CNMV), 

     6) the Finanstilsynet (Danish FSA).

    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. 

    Moreover, we did find any matching results in Bafin, CNMV, Danish FSA or the France Autorité des Marchés Financiers (AMF). That means the broker is not regulated by them. 

    What's more, FCA issued a warning that Forex Crypto Payout was providing financial services or products in the UK without authorisation. 

    The truth is that Forex Crypto Payout 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.

    Forex Crypto Payout claims to be a licensed broker under multiple regulations, including: 1) US Financial Services Authority (NOT a forex regulator)， 2) the United Kingdom Financial Conduct Authority (UK FCA), 3) the Germany Federal Financial Supervisory Authority (BaFin), 4) French Prudential Supervisory Authority (NOT a forex regulator), 5) the Spain Comisión Nacional del Mercado de Valores (CNMV), 6) the Finanstilsynet (Danish FSA).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. Moreover, we did find any matching results in Bafin, CNMV, Danish FSA or the France Autorité des Marchés Financiers (AMF). That means the broker is not regulated by them. What's more, FCA issued a warning that Forex Crypto Payout was providing financial services or products in the UK without authorisation. The truth is that Forex Crypto Payout 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.

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