BrokersView
Search
Download
English
Sign In

FalconCM

Save

Operating status: SCAM

Website: https://falcon-cm.net/; http://www.falcon-cm.com/

Broker violations and abnormal records
  • 2023-11-16 The FCA updates its warning against FalconCM

    On August 9, 2023, the Financial Conduct Authority (FCA) issued its first warning against FalconCM and cautioned the public about the website www.falcon-cm.com.

    Following the inaccessibility of this website, the FCA discovered that FalconCM had adopted a new domain to continue its fraudulent activities. Therefore, the UK's financial watchdog updated its warning against FalconCM by adding the new details. More information can be found on the https://www.fca.org.uk/news/warnings/falconcm .

    On August 9, 2023, the Financial Conduct Authority (FCA) issued its first warning against FalconCM and cautioned the public about the website www.falcon-cm.com.Following the inaccessibility of this website, the FCA discovered that FalconCM had adopted a new domain to continue its fraudulent activities. Therefore, the UK's financial watchdog updated its warning against FalconCM by adding the new details. More information can be found on the https://www.fca.org.uk/news/warnings/falconcm .
  • 2023-11-20 BrokersView has reviewed that FalconCM is an unregulated broker

    FalconCM presents itself as a legitimate trading platform licensed by the Crypto Conduct Authority (CCA). 

    However, the CCA is a self-regulated organization with a specific focus on the cryptocurrency market. It is not a governmental regulatory body, and its authority may not be recognized in the same way as a governmental authority. Therefore, the so-called CCA license should not be considered as a validation of FalconCM's legitimacy in forex trading.

    FalconCM claims to be operated by FCU Investments Ltd, a company registered with the Marshall Islands Registry (IRI). While this is true, mere registration with this privately held maritime and corporate registry service provider does not equate to being authorized to provide financial services or products legally.

    Furthermore, the Financial Conduct Authority (FCA) has issued a warning against FalconCM, identifying it as an unauthorized firm. This fact further undermines the platform's credibility.

    In essence, FalconCM 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.

    FalconCM is unequivocally a scam.

    FalconCM presents itself as a legitimate trading platform licensed by the Crypto Conduct Authority (CCA). However, the CCA is a self-regulated organization with a specific focus on the cryptocurrency market. It is not a governmental regulatory body, and its authority may not be recognized in the same way as a governmental authority. Therefore, the so-called CCA license should not be considered as a validation of FalconCM's legitimacy in forex trading.FalconCM claims to be operated by FCU Investments Ltd, a company registered with the Marshall Islands Registry (IRI). While this is true, mere registration with this privately held maritime and corporate registry service provider does not equate to being authorized to provide financial services or products legally.Furthermore, the Financial Conduct Authority (FCA) has issued a warning against FalconCM, identifying it as an unauthorized firm. This fact further undermines the platform's credibility.In essence, FalconCM 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.FalconCM is unequivocally a scam.

Related Complaints

Q&A

Does FalconCM have UK license?

James Chawdry
Nicaragua
2023-11-30
ANSWER The Financial Conduct Authority (FCA), the UK's financial watchdog, has identified FalconCM as an unauthorized firm in the UK. This trading platform evidently lacks a UK license, and it appears to be an unregulated broker posing significant risks. Investors are advised to exercise extreme caution and steer clear of FalconCM.The license from the Crypto Conduct Authority (CCA) cannot be equated with those from financial regulatory authorities. The CCA is a self-regulated organization, and its authority may not carry the same weight as that of a government entity. The situation with the Marshall Islands Registry (IRI) is similar. Mere registration with the IRI does not equate to authorization from a financial regulator. As such, despite claiming to be registered with the CCA and the IRI, FalconCM remains unregulated.To avoid falling victim to fraud and identity theft, we strongly advise investors to steer clear of FalconCM. It is preferable to opt for a fully regulated broker to safeguard traders' interests.
See more

comments

Be the first to review.
Rate and Review

Your review

App Store

Google Play

Company Shop Application About Us Our Methodology Privacy Policy Contact Us

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.

Disclaimer:

The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.