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Auto5CryptoFxPro

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Operating status: SCAM

Website: https://auto5cryptofxpro.com/

Broker violations and abnormal records
  • 2023-10-15 BrokersView has reviewed that Auto5CryptoFxPro is an unregulated broker

    Auto5CryptoFxPro showcases an incorporation certificate from the Companies House (CH), claiming that its company name is Auto5CryptoFxPro LTD with company number 11445991. However, this company number belongs to another company that seems to have no association with it. What's more, even if Auto5CryptoFxPro were registered with the CH, the registration couldn't be considered as evidence to support its legitimacy in forex trading, as the CH has no authority to regulate the forex market and entities involved.

    While it claims to have addresses in the UK and the US, there are no indications that it is registered with the Financial Conduct Authority (FCA) and the National Futures Association (NFA). Thus, it is not subject to any governing body.

    In essence, Auto5CryptoFxPro is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. 

    Auto5CryptoFxPro is unequivocally a scam.

    Auto5CryptoFxPro showcases an incorporation certificate from the Companies House (CH), claiming that its company name is Auto5CryptoFxPro LTD with company number 11445991. However, this company number belongs to another company that seems to have no association with it. What's more, even if Auto5CryptoFxPro were registered with the CH, the registration couldn't be considered as evidence to support its legitimacy in forex trading, as the CH has no authority to regulate the forex market and entities involved.While it claims to have addresses in the UK and the US, there are no indications that it is registered with the Financial Conduct Authority (FCA) and the National Futures Association (NFA). Thus, it is not subject to any governing body.In essence, Auto5CryptoFxPro is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. Auto5CryptoFxPro is unequivocally a scam.
  • 2023-10-16 The UK FCA issued a Warning against Auto5CryptoFxPro

    On 13 October 2023, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that Auto5CryptoFxPro was providing financial services or products in the UK without authorisation. You may visit: https://www.fca.org.uk/news/warnings/auto5cryptofxpro

    On 13 October 2023, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that Auto5CryptoFxPro was providing financial services or products in the UK without authorisation. You may visit: https://www.fca.org.uk/news/warnings/auto5cryptofxpro

Related Complaints

Q&A

What leverage I can choose to trade on Auto5CryptoFxPro?

Andrew Ashar
Philippines
2023-11-02
ANSWER Auto5CryptoFxPro is an unregulated broker and thus we strongly suggest you drop the plan to engage with it.Auto5CryptoFxPro presents a registration certificate from the Companies House (CH), asserting that it operates under the name Auto5CryptoFxPro LTD with the company number 11445991. However, this number is actually registered to a different company that appears to have no connection with Auto5CryptoFxPro. Furthermore, even if Auto5CryptoFxPro were registered with the CH, this wouldn't validate its operations in forex trading, as the CH doesn't have the jurisdiction to oversee the forex market or its participants.The company claims to have offices in both the UK and the US, but there's no evidence of its registration with the Financial Conduct Authority (FCA) or the National Futures Association (NFA). Therefore, it's not under any regulatory oversight.In summary, Auto5CryptoFxPro is not regulated by any authority. Investing funds with this broker carries a significant risk due to the lack of legal protections for investors' funds. Therefore, traders are advised to choose fully regulated brokers instead.
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