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Operating status: SCAM

On 7 Apr 2022, the FCA issued a warning that FX-EXCHANGETRADE has not been authorised to carry out financial services and products in the UK, you may visit: https://www.fca.org.uk/news/warnings/fx-exchangetrade
FX-EXCHANGETRADE claims it is the largest market in the world with an average daily trading volume of about $5.5 trillion. However, when we checked its domain, we found it was newly created on 20 Mar 2022. So how could it reach such a big daily trading volume shorty in one month? It is a red flag here.
Besides, this broker claims it is a UK-based firm and has registration in the Companies House of United Kingdom (CH) under company number: 09914444. When we searched this number in CH, we found it belongs to the company named "TRADE FAST INTERNATIONAL LTD" which has no connection with FX-EXCHANGETRADE.
As per the United Kingdom law, all firms and individuals offering, promoting, or selling financial services or products in the UK have to be authorized or registered by the UK financial regulator - FCA. We did searching in FCA but only found this firm had already been blacklisted by FCA for providing financial services without authorization. Therefore, it is a scam.
On 17 June 2022, the United Kingdom Financial Conduct Authority (UK FCA) issued a new warning that Fx exchangetrade is providing financial services or products in the UK without authorisation. You may visit: https://www.fca.org.uk/news/warnings/fx-exchangetrade
BrokersView found that the domain "https://www.fxtradchange.com/fx-exchangetrade/" is currently inaccessible. This is widely regarded as a significant red flag, as the suspension of a broker's website often points to underlying regulatory or operational issues.
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