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Exotic FX

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Operating status: SCAM

Website: https://exoticfx.com/

Broker violations and abnormal records
  • 2025-01-07 BrokersView has reviewed that Exotic FX is an unregulated broker

    Exotic FX, despite claiming to provide services for forex trading, is not properly licensed. It only relies on an alleged registration in St. Lucia to substantiate its legitimacy and compliance with the industry rules. However, the registration it puports to have cannot constitute a license from a financial regulator. In addition, St. Lucia has clearly stated that forex trading activities are not licensed in the country.

    In essence, Exotic FX is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.  Exotic FX appears to be a scam. 

    Exotic FX, despite claiming to provide services for forex trading, is not properly licensed. It only relies on an alleged registration in St. Lucia to substantiate its legitimacy and compliance with the industry rules. However, the registration it puports to have cannot constitute a license from a financial regulator. In addition, St. Lucia has clearly stated that forex trading activities are not licensed in the country. In essence, Exotic FX is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. Exotic FX appears to be a scam.

Related Complaints

Q&A

Exotic FX - scam or legit...

Pimphong
Seychelles
2025-01-08
ANSWER Dear Investor, We are concerned that Exotic FX may be a scam due to its unlicensed status. The first warning sign is that the forex broker relies solely on its registration in St. Lucia to appear legitimate. It is well-known that St. Lucia is an offshore area with lax regulations, offering minimal protections for investors. Additionally, forex trading activities are not allowed there. Furthermore, Exotic FX appears to be operating without regulatory oversight. They are not supervised for compliance with industry rules, making it easy for them to evade accountability in the event of issues. Therefore, we strongly recommend avoiding Exotic FX. To protect your hard-earned money and personal information, it is crucial to thoroughly research any broker before investing.
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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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