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SydneyFX

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Operating status: SCAM

Website: https://sydney-fx.io

Broker violations and abnormal records
  • 2024-07-29 BrokersView has Reviewed that SydneyFX is an Unregulated Broker

    SydneyFX claims to be an International online broker located in Cyprus, offering wide range of financial services, including Crypto, Forex, Indices, Stocks, Energy, Commodities and more instruments in global markets. However, there is no detailed financial services licenses and other licensing certificates. A company that offers financial services must have financial license in the country where it is located.

    Upon investigation, we found that SydneyFX is not regulated by the Cyprus Securities and Exchange Commission (CySEC).

    The truth is that SydneyFX 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.

    SydneyFX is a scam.

    SydneyFX claims to be an International online broker located in Cyprus, offering wide range of financial services, including Crypto, Forex, Indices, Stocks, Energy, Commodities and more instruments in global markets. However, there is no detailed financial services licenses and other licensing certificates. A company that offers financial services must have financial license in the country where it is located.Upon investigation, we found that SydneyFX is not regulated by the Cyprus Securities and Exchange Commission (CySEC).The truth is that SydneyFX 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.SydneyFX is a scam.

Related Complaints

Q&A

Wanna know the withdrawal conditions on SydneyFX.

baneya
Benin
2024-07-31
ANSWER Regardless of how attractive the trading conditions appear, we strongly suggest you avoid using SydneyFX.SydneyFX seems to be operating in an unregulated environment, as it doesn't provide any licensing details to demonstrate its legitimacy. Despite claiming to be located in Cyprus, our investigation revealed that SydneyFX is not regulated by the Cyprus Securities and Exchange Commission (CySEC) as there are no corresponding records in the CySEC's register.In light of this, SydneyFX cannot be trusted. Investors should stay away from such unregulated brokers to avoid becoming victims of potential fraud schemes. It is wise to choose fully regulated brokers.
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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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