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MARKET BY CRYPTO TRADE
Operating status: SCAM
Website: http://www.shopcryptobroker.com/
Broker violations and abnormal records
On August 7, 2023, the Financial Conduct Authority (FCA) issued a warning against MARKET BY CRYPTO TRADE, believing this broker might be providing financial services or products without proper authorization. https://www.fca.org.uk/news/warnings/market-crypto-trade
On August 7, 2023, the Financial Conduct Authority (FCA) issued a warning against MARKET BY CRYPTO TRADE, believing this broker might be providing financial services or products without proper authorization. https://www.fca.org.uk/news/warnings/market-crypto-tradeMARKET by Crypto Trade falsely claims to be regulated by the Cyprus Securities and Exchange Commission (CySEC) and the Commission for financial services of the Republic of Mauritiusthe (FSC), Financial Sector Conduct Authority (FSCA), as there are no matching records in the registers of both regulators.
Furthermore, the Financial Conduct Authority (FCA) has issued a warning against MARKET by Crypto Trade, cautioning the public of this unauthorized firm.
In essence, MARKET by Crypto Trade 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.
MARKET by Crypto Trade falsely claims to be regulated by the Cyprus Securities and Exchange Commission (CySEC) and the Commission for financial services of the Republic of Mauritiusthe (FSC), Financial Sector Conduct Authority (FSCA), as there are no matching records in the registers of both regulators.Furthermore, the Financial Conduct Authority (FCA) has issued a warning against MARKET by Crypto Trade, cautioning the public of this unauthorized firm.In essence, MARKET by Crypto Trade 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.BrokersView found that the domain "http://www.shopcryptobroker.com/" 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.
BrokersView found that the domain "http://www.shopcryptobroker.com/" 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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