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FXStocks24
Operating status: SCAM
Website: https://fxstocks24.com/
Broker violations and abnormal records
On May 13, 2024, the Federal Financial Supervisory Authority (BaFin) issued a warning about the services offered on the website fxstocks24.com, stating the operator was providing financial and investment services on this website without the required authorization. https://www.bafin.de/SharedDocs/Veroeffentlichungen/EN/Verbrauchermitteilung/unerlaubte/2024/meldung_2024_05_13_FXStocks24_en.html
On May 13, 2024, the Federal Financial Supervisory Authority (BaFin) issued a warning about the services offered on the website fxstocks24.com, stating the operator was providing financial and investment services on this website without the required authorization. https://www.bafin.de/SharedDocs/Veroeffentlichungen/EN/Verbrauchermitteilung/unerlaubte/2024/meldung_2024_05_13_FXStocks24_en.htmlFXStocks24 purports to be licensed by the Financial Conduct Authority (FCA), the Federal Financial Supervisory Authority (BaFin), and the Italian Companies and Exchange Commission (CONSOB). To verify these claims, we conducted a search in the register of the European Securities and Markets Authority (ESMA) to see if it is registered with these aforementioned authorities. However, our search yielded no matching records, suggesting that these claims may be false.
Moreover, BaFin has issued a warning against FXStocks24 to clarify that it is not regulated by them. This warning underscores the broker's unlicensed status and advises investors to steer clear of it.
In essence, FXStocks24 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.
FXStocks24 appears to be a scam.
FXStocks24 purports to be licensed by the Financial Conduct Authority (FCA), the Federal Financial Supervisory Authority (BaFin), and the Italian Companies and Exchange Commission (CONSOB). To verify these claims, we conducted a search in the register of the European Securities and Markets Authority (ESMA) to see if it is registered with these aforementioned authorities. However, our search yielded no matching records, suggesting that these claims may be false.Moreover, BaFin has issued a warning against FXStocks24 to clarify that it is not regulated by them. This warning underscores the broker's unlicensed status and advises investors to steer clear of it.In essence, FXStocks24 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.FXStocks24 appears to be a scam.
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