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TrothFX
Operating status: SCAM
Website: https://ar.trothfx.com/
Broker violations and abnormal records
On 13 March 2024, the Seychelles Financial Services Authority (Seychelles FSA) issued a warning against TrothFX, saying it is not related to any entity licensed or regulated by the FSA in any capacity. https://fsaseychelles.sc/media-corner/regulatory-updates/scam-alert-unauthorized-use-of-websites-the-unlawful-website-3
On 13 March 2024, the Seychelles Financial Services Authority (Seychelles FSA) issued a warning against TrothFX, saying it is not related to any entity licensed or regulated by the FSA in any capacity. https://fsaseychelles.sc/media-corner/regulatory-updates/scam-alert-unauthorized-use-of-websites-the-unlawful-website-3According to its website, it claims that it is regulated by multiple regulatory agencies and displays relevant information on its website. Upon investigation, no matching information was found in the Cyprus Securities and Exchange Commission (CySEC), Financial Conduct Authority (FCA), and Cayman Islands Monetary Authority (CIMA). This is a very dangerous sign.
In addition, the Seychelles Financial Services Authority (Seychelles FSA) issued a warning against TrothFX, saying it is not related to any entity licensed or regulated by the FSA in any capacity.
In essence, TrothFX 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.
TrothFX appears to be a scam.
According to its website, it claims that it is regulated by multiple regulatory agencies and displays relevant information on its website. Upon investigation, no matching information was found in the Cyprus Securities and Exchange Commission (CySEC), Financial Conduct Authority (FCA), and Cayman Islands Monetary Authority (CIMA). This is a very dangerous sign.In addition, the Seychelles Financial Services Authority (Seychelles FSA) issued a warning against TrothFX, saying it is not related to any entity licensed or regulated by the FSA in any capacity.In essence, TrothFX 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.TrothFX appears to be a scam.BrokersView found that the domain "https://ar.trothfx.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 "https://ar.trothfx.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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