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SPX Trade

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Operating status: SCAM

Website: https://spx-trade.org/

Broker violations and abnormal records
  • 2024-12-08 The CNMV issues a warning against SPX Trade

    On December 2, 2024, the Comisión Nacional del Mercado de Valores (CNMV) added SPX Trade to its warning list for providing investment services without authorization. https://www.cnmv.es/webservices/verdocumento/ver?e=PLmZo8Gv%2bb31w48%2fy84gQZqsmhmHlGKVzGKYDPXP7jQPj57IXgF7VdIcuAns0KKL

    On December 2, 2024, the Comisión Nacional del Mercado de Valores (CNMV) added SPX Trade to its warning list for providing investment services without authorization. https://www.cnmv.es/webservices/verdocumento/ver?e=PLmZo8Gv%2bb31w48%2fy84gQZqsmhmHlGKVzGKYDPXP7jQPj57IXgF7VdIcuAns0KKL
  • 2024-12-10 BrokersView has reviewed that SPX Trade is an unregulated broker

    According to its website, it claims to be regulated by the Financial Conduct Authority (FCA). Upon investigation, no matching information was found in the FCA.

    In addition, the Comisión Nacional del Mercado de Valores (CNMV) added SPX Trade to its warning list for providing investment services without authorization.

    In essence, SPX Trade 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.  

    SPX Trade appears to be a scam. 

    According to its website, it claims to be regulated by the Financial Conduct Authority (FCA). Upon investigation, no matching information was found in the FCA. In addition, the Comisión Nacional del Mercado de Valores (CNMV) added SPX Trade to its warning list for providing investment services without authorization. In essence, SPX Trade 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. SPX Trade appears to be a scam.

Related Complaints

Q&A

Scammer firm or legit site? SPX Trade

Gobboon Spay
Hungary
2024-12-12
ANSWER Dear Investor, Thank you for reaching out to us. We are concerned that SPX Trade is a scam. The trading platform falsely claims to be regulated by the Financial Conduct Authority (FCA). There are no indications that it is authorized by the British major financial regulator. What's more, the Comisión Nacional del Mercado de Valores (CNMV) has included SPX Trade to its warning list for operating without the required authorization. Therefore, we strongly suggest you avoid using SPX Trade. For a safer trading environment, it is recommended to opt for fully regulated brokers instead.
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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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