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ClassicFxLtd

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Operating status: SCAM

Website: https://classicfxlt.com/

Broker violations and abnormal records
  • 2023-12-27 The FCA adds ClassicFxLtd to its warning list

    On December 28, 2023, the Financial Conduct Authority (FCA) issued a warning against ClassicFxLtd, believing this company might be providing financial services or products without proper authorization in the UK. https://www.fca.org.uk/news/warnings/classicfxltd

    On December 28, 2023, the Financial Conduct Authority (FCA) issued a warning against ClassicFxLtd, believing this company might be providing financial services or products without proper authorization in the UK. https://www.fca.org.uk/news/warnings/classicfxltd
  • 2023-12-28 BrokersView has reviewed that ClassicFxLtd is an unregulated investment firm

    ClassicFxLtd presents itself as a leading multi-asset alternative investment firm globally.

    However, for any UK-based company to legally offer financial services within the country, it is mandatory to secure authorization from the Financial Conduct Authority (FCA). ClassicFxLtd has failed to comply with this requirement. Highlighting the significant risks this poses to investors, the FCA has issued a warning against ClassicFxLtd, categorizing it as an unauthorized firm.

    In summary, ClassicFxLtd is not regulated by any governing body, making it highly risky to entrust them with investors' funds due to the lack of legal protections to safeguard these funds. Therefore, ClassicFxLtd appears to be fraudulent.

    ClassicFxLtd presents itself as a leading multi-asset alternative investment firm globally.However, for any UK-based company to legally offer financial services within the country, it is mandatory to secure authorization from the Financial Conduct Authority (FCA). ClassicFxLtd has failed to comply with this requirement. Highlighting the significant risks this poses to investors, the FCA has issued a warning against ClassicFxLtd, categorizing it as an unauthorized firm.In summary, ClassicFxLtd is not regulated by any governing body, making it highly risky to entrust them with investors' funds due to the lack of legal protections to safeguard these funds. Therefore, ClassicFxLtd appears to be fraudulent.
  • 2024-01-17 The FCA issues an updated warning against ClassicFxLtd

    On Jan 18th, 2024, the Financial Conduct Authority (FCA) updated its warning about ClassicFxLtd. Find more information here. https://www.fca.org.uk/news/warnings/classicfxltcom

    On Jan 18th, 2024, the Financial Conduct Authority (FCA) updated its warning about ClassicFxLtd. Find more information here. https://www.fca.org.uk/news/warnings/classicfxltcom

Related Complaints

Q&A

How to fund my account on ClassicFxLtd?

Prince
Comoros
2024-01-09
ANSWER We strongly advise you not to engage with ClassicFxLtd, it is an unauthorized investment platform.ClassicFxLtd presents itself as a multi-asset alternative investment firm and claims legitimacy in the UK through a certificate from the Companies House (CH). However, it's important to note that registration with the CH does not equate to authorization from a financial regulator, such as the Financial Conduct Authority (FCA), for financial activities. In the UK, nearly all individuals or businesses providing financial services must be authorized by the FCA. ClassicFxLtd has failed to secure this authorization, resulting in a warning from the FCA. The FCA has labeled ClassicFxLtd as an unauthorized firm that investors should avoid.To protect yourself from potential fraud and identity theft, we advise avoiding unlicensed platforms like ClassicFxLtd. Instead, opt for platforms that are fully regulated.
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