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Fargo Consulting

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Operating status: SCAM

Website: https://www.fargoconsulting.ltd/en/; https://fargoconsulting.org/

Broker violations and abnormal records
  • 2024-09-15 The FCA issues a warning about Fargo Consulting

    On September 16, 2024, the Financial Conduct Authority (FCA) issued a warning against Fargo Consulting, believing this company might be providing financial services or products without proper authorization in the UK. https://www.fca.org.uk/news/warnings/fargo-consulting-fargoconsultingltd

    On September 16, 2024, the Financial Conduct Authority (FCA) issued a warning against Fargo Consulting, believing this company might be providing financial services or products without proper authorization in the UK. https://www.fca.org.uk/news/warnings/fargo-consulting-fargoconsultingltd
  • 2024-09-18 BrokersView has reviewed that Fargo Consulting is an unregulated broker

    Fargo Consulting simply lists names of different financial regulators to appear legitimate. However, it is a common tactic used by fraudsters. The company doesn't provide any licensing details such as the license numbers for verification. This lack of essential information is a scam indicator.

    Furthermore, while Fargo Consulting is allegedly located in the UK, it has been warned by the Financial Conduct Authority (FCA) for the lack of the required authorization.

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

    Fargo Consulting appears to be a scam.

    Fargo Consulting simply lists names of different financial regulators to appear legitimate. However, it is a common tactic used by fraudsters. The company doesn't provide any licensing details such as the license numbers for verification. This lack of essential information is a scam indicator.Furthermore, while Fargo Consulting is allegedly located in the UK, it has been warned by the Financial Conduct Authority (FCA) for the lack of the required authorization.In essence, Fargo Consulting is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.Fargo Consulting appears to be a scam.

Related Complaints

Q&A

Fargo Consulting seems to be reliable for being licensed. Is it true?

godwin kuwornu
Croatia
2024-10-17
ANSWER Dear Investor,We have confirmed that Fargo Consulting is a scam. The company falsely claims to be multi-regulated, which significantly damages its reputation and indicates fraudulent activity. Additionally, the Financial Conduct Authority (FCA) has issued a warning about Fargo Consulting for lacking the required authorization—another red flag for potential fraud.Therefore, we strongly advise against using Fargo Consulting. For a safer trading environment, it is recommended to opt for fully regulated brokers.
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Can I trust Fargo Consulting?

Tyler Faez
Gambia
2024-09-19
ANSWER Dear Investor,Thank you for reaching out. We have serious concerns that Fargo Consulting may be a scam.Inaccessible Website: Fargo Consulting operates through two websites, one of which is currently inaccessible. This is suspicious, as reputable brokers ensure their websites are consistently available to facilitate trading.Lack of Regulatory Information: The company lists several regulators on its website to appear legitimate. However, without valid licensing details, these claims are unconvincing.Regulatory Warning: The Financial Conduct Authority (FCA) has issued a warning against Fargo Consulting for operating without the required authorization.Given these factors, we strongly advise against using Fargo Consulting. For a safer trading environment, we recommend choosing fully regulated brokers.
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