According to its website, it claims to be regulated by the Cyprus Securities and Exchange Commission (CySEC), the Financial Conduct Authority (FCA), and the Federal Financial Supervisory Authority (BaFin). Upon investigation, no matching information was found in the CySEC and BaFin.
What's more, we found that the United Kingdom Financial Conduct Authority (FCA) issued a warning against ICONTROLFX, believing this company might be providing financial services or products without authorisation in the UK.
In essence, ICONTROLFX 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.
ICONTROLFX appears to be a scam.
According to its website, it claims to be regulated by the Cyprus Securities and Exchange Commission (CySEC), the Financial Conduct Authority (FCA), and the Federal Financial Supervisory Authority (BaFin). Upon investigation, no matching information was found in the CySEC and BaFin.What's more, we found that the United Kingdom Financial Conduct Authority (FCA) issued a warning against ICONTROLFX, believing this company might be providing financial services or products without authorisation in the UK.In essence, ICONTROLFX 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.ICONTROLFX appears to be a scam.