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FxTradeProfit

Operating status: SCAM

Website: https://fxprofitscvm.com/

Broker violations and abnormal records
  • Apr 03, 2023 The UK regulator FCA issued a warning against FxTradeProfit

    The Financial Conduct Authority (FCA) issued a warning against FxTradeProfit on April 4, 2023, believing this broker might be providing financial services or products in the UK without authorization: https://www.fca.org.uk/news/warnings/fxtradeprofit

    The Financial Conduct Authority (FCA) issued a warning against FxTradeProfit on April 4, 2023, believing this broker might be providing financial services or products in the UK without authorization: https://www.fca.org.uk/news/warnings/fxtradeprofit
  • Apr 06, 2023 BrokersView has reviewed that FxTradeProfit is an unregulated broker

    FxTradeProfit claims to be regulated by lots of regulatory bodies, including the U.S. Commodity Futures Trading Commission (CFTC), the Cyprus Securities and Exchange Commission (CySEC), and the Belize Financial Services Commission (Belize FSC). First, it should be noted that the CFTC has no legal authority to issue forex licenses nor regulate forex activities. Second, our search for this broker in the above-mentioned authorities' registries did not yield any results. That means what this broker claims about its regulatory status is a false statement to unsuspecting investors. Moreover, the Financial Conduct Authority (FCA) has issued a warning against FxTradeProfit for illegally offering financial services or products in the UK without proper authorization.

    In essence, FxTradeProfit is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.

    FxTradeProfit claims to be regulated by lots of regulatory bodies, including the U.S. Commodity Futures Trading Commission (CFTC), the Cyprus Securities and Exchange Commission (CySEC), and the Belize Financial Services Commission (Belize FSC). First, it should be noted that the CFTC has no legal authority to issue forex licenses nor regulate forex activities. Second, our search for this broker in the above-mentioned authorities' registries did not yield any results. That means what this broker claims about its regulatory status is a false statement to unsuspecting investors. Moreover, the Financial Conduct Authority (FCA) has issued a warning against FxTradeProfit for illegally offering financial services or products in the UK without proper authorization.In essence, FxTradeProfit is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.

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Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

Disclaimer:

The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.