Ternary Group FX Review : Fees, Pros and Cons, Reviews by Real Traders

Ternary Group FX

Operating status: SCAM

Website: https://www.ternarygroupfx.com/

Broker violations and abnormal records

May 17, 2023 The UK regulator FCA issued a warning against Ternary Group FX
On May 18, 2023, the Financial Conduct Authority (FCA) issued a warning against Ternary Group FX, believing this broker might be providing financial services or products in the UK without authorization: https://www.fca.org.uk/news/warnings/ternary-group-fx

On May 18, 2023, the Financial Conduct Authority (FCA) issued a warning against Ternary Group FX, believing this broker might be providing financial services or products in the UK without authorization: https://www.fca.org.uk/news/warnings/ternary-group-fx
May 18, 2023 BrokersView has reviewed that Ternary Group FX is an unregulated broker
Ternary Group FX tries to use a certificate of incorporation issued by the Companies House (CH) as a financial services license to appear legitimate. However, the CH is only a registrar of companies in the UK where the financial regulator is the Financial Conduct Authority (FCA). Brokers operating in this country are required to obtain authorization from the FCA before they can solicit investors. However, the FCA has issued a warning against it for operating without authorization.
In essence, Ternary Group FX 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.

Ternary Group FX tries to use a certificate of incorporation issued by the Companies House (CH) as a financial services license to appear legitimate. However, the CH is only a registrar of companies in the UK where the financial regulator is the Financial Conduct Authority (FCA). Brokers operating in this country are required to obtain authorization from the FCA before they can solicit investors. However, the FCA has issued a warning against it for operating without authorization.In essence, Ternary Group FX 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.

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