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Etor FX Trading

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Operating status: SCAM

Website: https://www.etorfxtrading.com/

Broker violations and abnormal records
  • 2023-07-20 The UK FCA issued a warning against Etor FX Trading

    On July 21, 2023, the Financial Conduct Authority (FCA) issued a warning against Etor FX Trading, believing this broker might be providing financial services or products without proper authorization. https://www.fca.org.uk/news/warnings/etor-fx-trading

    On July 21, 2023, the Financial Conduct Authority (FCA) issued a warning against Etor FX Trading, believing this broker might be providing financial services or products without proper authorization. https://www.fca.org.uk/news/warnings/etor-fx-trading
  • 2023-07-23 BrokersView has reviewed that Etor FX Trading is an unregulated broker

    Etor FX Trading claims to be multi-regulated by various governing bodies, such as the Mauritius Financial Services Commission (Mauritius FSC), the Financial Sector Conduct Authority (FSCA), the Financial Conduct Authority (FCA), and the Cyprus Securities and Exchange Commission (CySEC). However, our search for the company on the registers of the aforementioned watchdogs couldn't find any corresponding records, suggesting that its assertion is false.

    Furthermore, Etor FX Trading claims to be registered in the US. According to the US law, Etor FX Trading is required to be a member of the National Futures Association (NFA). However, no data matching the company in the NFA registry.

    In addition, the FCA has added Etor FX Trading to its warning list, cautioning investors of this unauthorized firm.

    In essence, Etor FX Trading 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. It is unequivocally a scam.

    Etor FX Trading claims to be multi-regulated by various governing bodies, such as the Mauritius Financial Services Commission (Mauritius FSC), the Financial Sector Conduct Authority (FSCA), the Financial Conduct Authority (FCA), and the Cyprus Securities and Exchange Commission (CySEC). However, our search for the company on the registers of the aforementioned watchdogs couldn't find any corresponding records, suggesting that its assertion is false.Furthermore, Etor FX Trading claims to be registered in the US. According to the US law, Etor FX Trading is required to be a member of the National Futures Association (NFA). However, no data matching the company in the NFA registry.In addition, the FCA has added Etor FX Trading to its warning list, cautioning investors of this unauthorized firm.In essence, Etor FX Trading 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. It is unequivocally a scam.

Related Complaints

Q&A

Do they offer tight spread?

Satria Prata
Nepal
2023-07-31
ANSWER If you are looking to deal with Etor FX Trading, we strongly suggest you exercise extreme caution and be aware of the risks involved because it is an unlicensed broker warned by the Financial Conduct Authority (FCA) for illegal operation.Etor FX Trading claims to be multi-regulated by various governing bodies, such as the Mauritius Financial Services Commission (Mauritius FSC), the Financial Sector Conduct Authority (FSCA), the Financial Conduct Authority (FCA), and the Cyprus Securities and Exchange Commission (CySEC). However, our search for the company on the registers of the aforementioned watchdogs couldn't find any corresponding records, suggesting that its assertion is false.Furthermore, Etor FX Trading claims to be registered in the US. According to US law, Etor FX Trading is required to be a member of the National Futures Association (NFA). However, no data matching the company in the NFA registry.In addition, the FCA has added Etor FX Trading to its warning list, cautioning investors of this unauthorized firm. You can find more information here.In conclusion, Etor FX Trading is an unlicensed broker coming with significant risks, such as financial losses and identity theft, which could be financially and personally devastating. Without regulatory oversight, investors' interests cannot be protected effectively. Therefore, investors are encouraged to stay away from unlicensed brokers like Etor FX Trading and instead choose a fully regulated one.
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