White Fx Review : Fees, Pros and Cons, Reviews by Real Traders

White Fx

Operating status: SCAM

Website: https://www.whitefx.uk/

Broker violations and abnormal records

Dec 12, 2022 BrokersView has Reviewed that White Fx is an Unregulated Broker
White Fx claims to be a reliable trading platform providing a wide range of services to every customer, which registered with the Securities and Exchange Board of India (SEBI) with registration number INA20001350 and St Vincent & The Grenadines Financial Services Authority (SVG FSA) under a Global Business License: 258745/IBC.
However, first SEBI is not a forex regulator that issues licenses for forex trading or regulates entities engaging in forex. Second, we did not find any match results to the license number in SVG FSA, but we found a company named "WHITEFX MARKETS LIMITED" with license number 26780. Since the license number and the company name is not matching, we only can conclude that the registration in SVG FSA of this broker is suspicious.
What's more, White Fx shows its company office is in the United Kingdom. As per the United Kingdom law, all firms and individuals offering, promoting, or selling financial services or products in the UK have to be authorized or registered by the UK Financial Conduct Authority (FCA). However, we did not find any match results for to for his broker in FCA.
The truth is, White Fx is not under valid regulation by any regulators to provide investment services. Investors' funds in this company are unsafe and cannot be protected by any law. Therefore, it is a scam.

White Fx claims to be a reliable trading platform providing a wide range of services to every customer, which registered with the Securities and Exchange Board of India (SEBI) with registration number INA20001350 and St Vincent & The Grenadines Financial Services Authority (SVG FSA) under a Global Business License: 258745/IBC.However, first SEBI is not a forex regulator that issues licenses for forex trading or regulates entities engaging in forex. Second, we did not find any match results to the license number in SVG FSA, but we found a company named "WHITEFX MARKETS LIMITED" with license number 26780. Since the license number and the company name is not matching, we only can conclude that the registration in SVG FSA of this broker is suspicious.What's more, White Fx shows its company office is in the United Kingdom. As per the United Kingdom law, all firms and individuals offering, promoting, or selling financial services or products in the UK have to be authorized or registered by the UK Financial Conduct Authority (FCA). However, we did not find any match results for to for his broker in FCA.The truth is, White Fx is not under valid regulation by any regulators to provide investment services. Investors' funds in this company are unsafe and cannot be protected by any law. Therefore, it is 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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