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Exc24optxtrade

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Operating status: SCAM

Website: https://www.exc24optxtrade.com/

Broker violations and abnormal records
  • 2023-09-12 The UK FCA issued a Warning against Exc24optxtrade

    On 13 September 2023, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that Exc24optxtrade was providing financial services or products in the UK without authorisation. You may visit: https://www.fca.org.uk/news/warnings/exc24optxtrade

    On 13 September 2023, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that Exc24optxtrade was providing financial services or products in the UK without authorisation. You may visit: https://www.fca.org.uk/news/warnings/exc24optxtrade
  • 2023-09-13 BrokersView has Reviewed that ​Exc24optxtrade is an Unregulated Broker

    Exc24optxtrade claims to be regulated by British Virgin Islands Financial Services Commission (BVIFSC), but we don't find the correct information on BVIFSC matching to Exc24optxtrade. It is a red flag.

    The United Kingdom Financial Conduct Authority (UK FCA) issued a warning that Exc24optxtrade was providing finacial services or products without authorisation.

    The truth is that Exc24optxtrade is not regulated by any regulators. Letting it hold or control investors' money is unsafe, and the money can not be protected by any laws.

    Exc24optxtrade is a scam.

    Exc24optxtrade claims to be regulated by British Virgin Islands Financial Services Commission (BVIFSC), but we don't find the correct information on BVIFSC matching to Exc24optxtrade. It is a red flag.The United Kingdom Financial Conduct Authority (UK FCA) issued a warning that Exc24optxtrade was providing finacial services or products without authorisation.The truth is that Exc24optxtrade is not regulated by any regulators. Letting it hold or control investors' money is unsafe, and the money can not be protected by any laws.Exc24optxtrade is a scam.

Related Complaints

Q&A

Does Exc24optxtrade provide service in USA?

Matt Jaffry
Burkina Faso
2023-10-25
ANSWER Exc24optxtrade is an unlicensed trading platform that has even drawn a warning from the Financial Conduct Authority (FCA) for unauthorized activities. We strongly suggest you avoid it. Even if it accepts customers from the US, such practice is illegal, and traders dealing with it are at great risks.Exc24optxtrade says it has a license from the British Virgin Islands Financial Services Commission (BVI FSC), but we cannot find any valid information on the BVI FSC website that matches Exc24optxtrade. This is a warning sign.The FCA also alerted that Exc24optxtrade was offering financial services or products without permission. Here is the full FCA warning and you can find more details about this unauthorized firm.The reality is that Exc24optxtrade has no regulation from any authorities. It is risky to let it handle or manage investors' money, and the money cannot be protected by any laws. To avoid falling victim to investment scams, it is advisable to steer clear of unlicensed trading platforms and instead choose fully regulated ones.
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Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

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