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Way2Forex

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Operating status: SCAM

Website: https://way2forex.com/

Broker violations and abnormal records
  • 2024-02-07 BrokersView has reviewed that Way2Forex is an unregulated broker

    Way2Forex claims to have an office in the UK and its registered address is supposedly in St. Vincent and the Grenadines.

    However, it fails to comply with local rules by obtaining the required from the financial regulatory bodies, the Financial Conduct Authority (FCA) and the Financial Services Authority of St. Vincent and the Grenadines (SVG FSA).

    In essence, Way2Forex 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.

    Way2Forex appears to be a scam.

    Way2Forex claims to have an office in the UK and its registered address is supposedly in St. Vincent and the Grenadines.However, it fails to comply with local rules by obtaining the required from the financial regulatory bodies, the Financial Conduct Authority (FCA) and the Financial Services Authority of St. Vincent and the Grenadines (SVG FSA).In essence, Way2Forex 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.Way2Forex appears to be a scam.
  • 2024-06-09 The FCA issues a warning against Way2Forex

    On June 10, 2024, the Financial Conduct Authority (FCA) issued a warning against Way2Forex for the lack of the required authorization. https://www.fca.org.uk/news/warnings/way2forex

    On June 10, 2024, the Financial Conduct Authority (FCA) issued a warning against Way2Forex for the lack of the required authorization. https://www.fca.org.uk/news/warnings/way2forex

Related Complaints

Q&A

Way2Forex a scam or not?

lolorox12
Turkey
2024-06-11
ANSWER Way2Forex appears to be a scam.The broker purports to maintain a presence in the UK and asserts that its official registration is in St. Vincent and the Grenadines. However, it does not adhere to local regulations by securing the necessary licenses from the respective financial regulators, namely the Financial Conduct Authority (FCA) in the UK and the Financial Services Authority of St. Vincent and the Grenadines (SVG FSA). As such, the FCA has issued a warning against Way2Forex, advising investors to stay away from this scam.In light of this, investors trading with Way2Forex run risk of losing funds without regulatory protections. To have a safer trading environment, it is highly recommended to steer clear of unlicensed brokers like Way2Forex and instead choose fully regulated ones.
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How to try the Demo account on Way2Forex?

crazyone
Canada
2024-04-05
ANSWER We strongly suggest you avoid using Way2Forex, which is an unlicensed trading platform.This company claims to be registered in St. Vincent and the Grenadines, but we haven't located any matching records on the register of the Financial Services Authority (SVG FSA). This means it is not financially licensed under the jurisdiction.Without authorization, what Way2Forex provides is unlawful, potentially posing risks of fraud and identity theft. To safeguard their interests, investors are advised to steer clear of Way2Forex and instead choose fully regulated brokers.
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