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Genesis Blockchain FX

Operating status: SCAM

Website: https://www.genesisblockchainfx.com/

Broker violations and abnormal records
  • Oct 04, 2022 The UK FCA Added Genesis Blockchain FX into Its Warnings

    On 5 Oct 2022, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that Genesis Blockchain FX was providing financial services or products in the UK without authorisation. You may visit: https://www.fca.org.uk/news/warnings/genesis-blockchain-fx

    On 5 Oct 2022, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that Genesis Blockchain FX was providing financial services or products in the UK without authorisation. You may visit: https://www.fca.org.uk/news/warnings/genesis-blockchain-fx
  • Oct 07, 2022 BrokersView has Reviewed that Genesis Blockchain FX is an Unregulated Forex Broker

    Genesis Blockchain FX claims to be a reliable broker without presenting any information about its regulation. The lack of such important information may be a distinct signal of an unlicensed broker, as regulated brokers always present their accreditations and licenses in a prominent position. It is a red flag. 

    In addition, the broker also claims to be located in the UK. 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. The regulator warned that Genesis Blockchain FX was providing financial services or products in the UK without authorisation.

    The truth is that Genesis Blockchain FX 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.

    Genesis Blockchain FX claims to be a reliable broker without presenting any information about its regulation. The lack of such important information may be a distinct signal of an unlicensed broker, as regulated brokers always present their accreditations and licenses in a prominent position. It is a red flag. In addition, the broker also claims to be located in the UK. 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. The regulator warned that Genesis Blockchain FX was providing financial services or products in the UK without authorisation.The truth is that Genesis Blockchain FX 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.
  • Dec 11, 2022 BrokersView has found that Genesis Blockchain FX is not working

    BrokersView found the domain "https://www.genesisblockchainfx.com/" is not working, as most probably it was suspended and it is always a bad sign when broker's website is suspended.

    BrokersView found the domain "https://www.genesisblockchainfx.com/" is not working, as most probably it was suspended and it is always a bad sign when broker's website is suspended.

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