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ENCOREFX GLOBAL

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Operating status: SCAM

Website: https://encorefxglobal.com/

Broker violations and abnormal records
  • 2023-11-13 The UK FCA issued a Warning against ENCOREFX GLOBAL

    On 13 November 2023, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that ENCOREFX GLOBAL was providing financial services or products in the UK without authorisation. You may visit: https://www.fca.org.uk/news/warnings/encorefx-global

    On 13 November 2023, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that ENCOREFX GLOBAL was providing financial services or products in the UK without authorisation. You may visit: https://www.fca.org.uk/news/warnings/encorefx-global
  • 2023-11-13 BrokersView has Reviewed that ENCOREFX GLOBAL is an Unregulated Broker

    According to its website, ENCOREFX GLOBAL claims regulated by National Futures Association (NFA), upon investigation, we found that ENCOREFX GLOBAL is not an NFA member and thus not subject to the regulator's oversight. Its NFA ID is only for tracking purposes only.

    The United Kingdom Financial Conduct Authority (UK FCA) issued a warning that ENCOREFX GLOBAL was providing finacial services or products without authorisation.

    The truth is that ENCOREFX GLOBAL is not regulated by any regulators. Letting it hold or control investors' money is unsafe, and the money can not be protected by any laws.

    ENCOREFX GLOBAL is a scam.

    According to its website, ENCOREFX GLOBAL claims regulated by National Futures Association (NFA), upon investigation, we found that ENCOREFX GLOBAL is not an NFA member and thus not subject to the regulator's oversight. Its NFA ID is only for tracking purposes only.The United Kingdom Financial Conduct Authority (UK FCA) issued a warning that ENCOREFX GLOBAL was providing finacial services or products without authorisation.The truth is that ENCOREFX GLOBAL is not regulated by any regulators. Letting it hold or control investors' money is unsafe, and the money can not be protected by any laws.ENCOREFX GLOBAL is a scam.

Related Complaints

Q&A Complaints

Does ENCOREFX GLOBAL offer tight spread?

howsgoing
Saudi Arabia
2023-11-28
ANSWER We strongly advise against trading with ENCOREFX GLOBAL, an unlicensed trading platform.Although it purports to be registered with the National Futures Association (NFA), our investigation revealed that it is not an NFA member and is therefore not subject to the NFA's oversight. Its NFA ID serves only for tracking purposes. Moreover, its unlicensed investment activities have drawn a warning from the Financial Conduct Authority (FCA), further indicating the substantial risks involved.Consequently, investors who trade with ENCOREFX GLOBAL expose themselves to potential fraud and identity theft, as there are no regulatory protections in place. To protect their interests, traders are recommended to choose fully regulated brokers only.
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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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