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Forex Bull Trade

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Operating status: SCAM

Website: https://www.forexbulltrade.com/index-2.html

Broker violations and abnormal records
  • 2023-02-15 The UK FCA Added Forex Bull Trade into Its Warnings

    On 16 Feb 2023, the United Kingdom Financial Conduct Authority (FCA) issued a warning that Forex Bull Trade may be providing financial services or products in the UK without authorization. You may visit: https://www.fca.org.uk/news/warnings/forex-bull-trade

    On 16 Feb 2023, the United Kingdom Financial Conduct Authority (FCA) issued a warning that Forex Bull Trade may be providing financial services or products in the UK without authorization. You may visit: https://www.fca.org.uk/news/warnings/forex-bull-trade
  • 2023-02-16 BrokersView has reviewed that Forex Bull Trade is an Unregulated Forex Broker

    Forex Bull Trade claims it is an independent financial company created in 2013. But when we checked its domain, we found it was newly created in 2023. So how could it start its business in such an early year? It is a red flag here.

    Besides, Forex Bull Trade presents zero details about its regulation but only shows its company address in the United States. As per the States law, US residents and citizens are only permitted to operate with CTFC- and NFA-regulated forex brokers. Firms and individuals, who need to possess the relevant regulations issued by the National Futures Association (NFA) or the Commodity Futures Trading Commission (CFTC), will be allowed to solicit or approach US citizens. However, we did not find any match results to Forex Bull Trade in the above two regulatory bodies. 

    More importantly, the UK Financial Conduct Authority (FCA) issued a warning against this broker for providing financial services or products in the UK without authorization. The truth is, Forex Bull Trade 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. It is a scam.

    Forex Bull Trade claims it is an independent financial company created in 2013. But when we checked its domain, we found it was newly created in 2023. So how could it start its business in such an early year? It is a red flag here.Besides, Forex Bull Trade presents zero details about its regulation but only shows its company address in the United States. As per the States law, US residents and citizens are only permitted to operate with CTFC- and NFA-regulated forex brokers. Firms and individuals, who need to possess the relevant regulations issued by the National Futures Association (NFA) or the Commodity Futures Trading Commission (CFTC), will be allowed to solicit or approach US citizens. However, we did not find any match results to Forex Bull Trade in the above two regulatory bodies. More importantly, the UK Financial Conduct Authority (FCA) issued a warning against this broker for providing financial services or products in the UK without authorization. The truth is, Forex Bull Trade 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. It is a scam.

Related Complaints

Q&A

Scam broker Forex Bull Trade!

Alfred Lai
Bulgaria
17 hours ago
ANSWER Dear Investor, Thank you for bringing this issue to light. Forex Bull Trade has already been flagged by us as a scam as early as the beginning of 2023. This firm previously lied about its history and wasn't able to obtain any permissions from financial regulatory bodies. The Financial Conduct Authority (FCA) also alerted investors about it. We understand how frustrating and distressing it can be to find yourself in such a situation. We urge you to report this to your local authorities. Meanwhile, we encourage you to file a complaint on our platform. Our dedicated team will work diligently to help you find a possible solution. Lastly, beware of recovery room scams, where unsolicited messages claim they can recover your money for a fee. Their sole intention is likely to swindle money from you by exploiting your urgency.
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2 comments

Abdulhai Akram Mohammed
The Forex Bull is a scam company. I deposited $20,000 into a trading account for forex trading, and they misused all my money, showing fabricated losses. They then pressured me to deposit more funds. Do not trust this fraudulent company.
2024-11-25
Reply
Brokersview Official
Dear, about your problems encountered in this broker, you can submit a complaint with your proofs, Please click the link to submit：https://www.brokersview.com/complaint service@brokersview.com
2024-11-27
Reply
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