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

TRADINGBROKER FX

Operating status: SCAM

Website: https://tradebrokerfx.com/

Broker violations and abnormal records

Jul 18, 2023 The UK FCA issued a warning against TRADINGBROKER FX
On July 19, 2023, the Financial Conduct Authority (FCA) issued a warning against TRADINGBROKER FX, believing this broker might be providing financial services or products without proper authorization: https://www.fca.org.uk/news/warnings/tradingbroker-fx

On July 19, 2023, the Financial Conduct Authority (FCA) issued a warning against TRADINGBROKER FX, believing this broker might be providing financial services or products without proper authorization: https://www.fca.org.uk/news/warnings/tradingbroker-fx
Jul 19, 2023 BrokersView has reviewed that TRADINGBROKER FX is an unregulated broker
TRADINGBROKER FX claims to be registered in the US. According to the US law, the company, as a forex broker, is required to be a member of the National Futures Association (NFA). However, we have been unable to locate a firm called TRADINGBROKER FX on the NFA register and thus it is not subject to the NFA's oversight. This is a red flag.
TRADINGBROKER FX also claims to have an address in the UK. Therefore, it must seek authorization from the Financial Conduct Authority (FCA) before soliciting investors. However, the FCA has issued a warning against TRADINGBROKER FX for illegally providing financial services/products in the country without their authorization.
In essence, TRADINGBROKER 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.

TRADINGBROKER FX claims to be registered in the US. According to the US law, the company, as a forex broker, is required to be a member of the National Futures Association (NFA). However, we have been unable to locate a firm called TRADINGBROKER FX on the NFA register and thus it is not subject to the NFA's oversight. This is a red flag.TRADINGBROKER FX also claims to have an address in the UK. Therefore, it must seek authorization from the Financial Conduct Authority (FCA) before soliciting investors. However, the FCA has issued a warning against TRADINGBROKER FX for illegally providing financial services/products in the country without their authorization.In essence, TRADINGBROKER 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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