Fx Cycle Trader Ltd Review : Fees, Pros and Cons, Reviews by Real Traders

Fx Cycle Trader Ltd

Operating status: SCAM

Website: https://www.fxcycletraderltd.com/

Broker violations and abnormal records

Dec 19, 2022 The UK FCA Added Fx Cycle Trader Ltd into Its Warnings
On 20 Dec 2022, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that Fx Cycle Trader Ltd was providing financial services or products in the UK without authorisation. You may visit: https://www.fca.org.uk/news/warnings/fx-cycle-trader-ltd

On 20 Dec 2022, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that Fx Cycle Trader Ltd was providing financial services or products in the UK without authorisation. You may visit: https://www.fca.org.uk/news/warnings/fx-cycle-trader-ltd
Dec 25, 2022 BrokersView has Reviewed that Fx Cycle Trader Ltd is an Unregulated Forex Broker
Fx Cycle Trader Ltd claims to be registered with Companies House of United Kingdom (CH) under the name of ALLIANCE FX LIMITED with company number 11850747. We searched CH and found the address does not match the one on broker's website. Besides, CH is not a forex regulator. It does not regulate forex brokers or issue forex licenses. Having registration or not, therefore, does not mean being authorized to provide financial services.
As per United Kingdom law, almost all firms and individuals offering, promoting, or selling financial services or products in the UK shall be authorized by the United Kingdom Financial Conduct Authority (UK FCA). However, we only found a warning against this scam in UK FCA.
FCA warned that Fx Cycle Trader Ltd was providing financial services or products in the UK without authorisation.
The truth is that Fx Cycle Trader Ltd 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.

Fx Cycle Trader Ltd claims to be registered with Companies House of United Kingdom (CH) under the name of ALLIANCE FX LIMITED with company number 11850747. We searched CH and found the address does not match the one on broker's website. Besides, CH is not a forex regulator. It does not regulate forex brokers or issue forex licenses. Having registration or not, therefore, does not mean being authorized to provide financial services. As per United Kingdom law, almost all firms and individuals offering, promoting, or selling financial services or products in the UK shall be authorized by the United Kingdom Financial Conduct Authority (UK FCA). However, we only found a warning against this scam in UK FCA.FCA warned that Fx Cycle Trader Ltd was providing financial services or products in the UK without authorisation.The truth is that Fx Cycle Trader Ltd 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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