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Operating status: SCAM

The UK Financial Conduct Authority (FCA) issued a warning against Richard Duncan FX on Mar 22, 2023, revealing that this broker might be providing financial services or products in the UK without authorization: https://www.fca.org.uk/news/warnings/richard-duncan-forex-trading-365-view-options
Richard Duncan FX to be regulated by various authorities such as Financial Conduct Authority (FCA), Australian Securities & Investments Commission (ASIC), and Financial Services Conduct Authority (FSCA).
However, our search for this broker in above-mentioned regulators' registries did not yield any matching results. That means what it claims is a false statement to unsuspecting investors. In addition, the FCA has issued a warning against Richard Duncan FX after finding this broker might be providing financial services or products in the UK without authorization.
The truth is, Richard Duncan 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.
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