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Testimonyfrstrd

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Operating status: SCAM

Website: https://testimonyfrstrd.com/

Broker violations and abnormal records
  • 2024-12-30 The FCA issues a warning against Testimonyfrstrd

    On December 31, 2024, the Financial Conduct Authority (FCA) issued a warning against Testimonyfrstrd, believing this company might be providing financial services or products without proper authorization in the UK. https://www.fca.org.uk/news/warnings/testimonyfrstrd

    On December 31, 2024, the Financial Conduct Authority (FCA) issued a warning against Testimonyfrstrd, believing this company might be providing financial services or products without proper authorization in the UK. https://www.fca.org.uk/news/warnings/testimonyfrstrd
  • 2025-01-02 BrokersView has reviewed that Testimonyfrstrd is an unregulated broker

    The domain name of Testimonyfrstrd was registered in August 2024, making the website relatively new. While Testimonyfrstrd claims to be based in the UK, there are no indications that it is registered or properly licensed. The British major financial authority, the Financial Conduct Authority (FCA) has flagged Testimonyfrstrd as an unauthorized financial firm in the UK, a major red flag.

    In essence, Testimonyfrstrd 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.  Testimonyfrstrd appears to be a scam. 

    The domain name of Testimonyfrstrd was registered in August 2024, making the website relatively new. While Testimonyfrstrd claims to be based in the UK, there are no indications that it is registered or properly licensed. The British major financial authority, the Financial Conduct Authority (FCA) has flagged Testimonyfrstrd as an unauthorized financial firm in the UK, a major red flag. In essence, Testimonyfrstrd 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. Testimonyfrstrd appears to be a scam.

Related Complaints

Q&A

Testimonyfrstrd a scam?

Justin saji Abraham
Bangladesh
2025-01-06
ANSWER Dear Investor, Thank you for reaching out to us. Our investigation suggests that Testimonyfrstrd is a potential scam. This trading platform is relatively new and has not provided valid licensing details to substantiate its legitimacy and credibility. Unverified withdrawal notifications frequently appear to create the illusion of active investments, luring unwitting individuals into trading activities. Despite claiming to be located in the UK, Testimonyfrstrd conceals critical information about its identity. The British financial regulator, the Financial Conduct Authority (FCA), has issued a warning against Testimonyfrstrd for operating without the required authorization. This is a significant warning sign. Therefore, we strongly advise you to avoid using Testimonyfrstrd. For a safe trading environment, we recommend opting for fully regulated brokers instead.
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