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SecureFX
Operating status: SCAM
Website: https://securefx.net/
Broker violations and abnormal records
On June 11, 2024, the Financial Conduct Authority (FCA) issued a warning against SecureFX, believing this company might be providing financial services or products without proper authorization in the UK. https://www.fca.org.uk/news/warnings/securefx-capital-ltd
On June 11, 2024, the Financial Conduct Authority (FCA) issued a warning against SecureFX, believing this company might be providing financial services or products without proper authorization in the UK. https://www.fca.org.uk/news/warnings/securefx-capital-ltdIn contradiction to its purported business scale and long-term history, SecureFX's domain name was only recently registered in late March this year. This discrepancy is a red flag that raises questions about the broker's credibility.
The broker claims to be registered in three countries: Canada, St. Lucia, and the UK. According to relevant regulations, it is required to obtain licenses from the respective financial authorities within these countries.
However, St. Lucia's financial regulator, the Financial Services Regulatory Authority (FSRA), has stated that forex trading activities are not licensed in St. Lucia. In Canada, there are no indications that SecureFX is registered with the Investment Industry Regulatory Organization of Canada (IIROC). As for its UK registration, the UK's financial watchdog, the Financial Conduct Authority (FCA), has issued a warning, flagging SecureFX as unauthorized.
In essence, SecureFX 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.
SecureFX appears to be a scam.
In contradiction to its purported business scale and long-term history, SecureFX's domain name was only recently registered in late March this year. This discrepancy is a red flag that raises questions about the broker's credibility.The broker claims to be registered in three countries: Canada, St. Lucia, and the UK. According to relevant regulations, it is required to obtain licenses from the respective financial authorities within these countries. However, St. Lucia's financial regulator, the Financial Services Regulatory Authority (FSRA), has stated that forex trading activities are not licensed in St. Lucia. In Canada, there are no indications that SecureFX is registered with the Investment Industry Regulatory Organization of Canada (IIROC). As for its UK registration, the UK's financial watchdog, the Financial Conduct Authority (FCA), has issued a warning, flagging SecureFX as unauthorized.In essence, SecureFX 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.SecureFX appears to be a scam.
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