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Fchain Network

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Operating status: SCAM

Website: https://www.fchain-network.com/

Broker violations and abnormal records
  • 2023-06-04 The UK FCA issued a warning against Fchain Network

    On June 5, 2023, the Financial Conduct Authority (FCA) issued a warning against Fchain Network, believing this broker might be providing financial services or products without proper authorization: https://www.fca.org.uk/news/warnings/fchain-network

    On June 5, 2023, the Financial Conduct Authority (FCA) issued a warning against Fchain Network, believing this broker might be providing financial services or products without proper authorization: https://www.fca.org.uk/news/warnings/fchain-network
  • 2023-06-05 BrokersView has reviewed that Fchain Network is an unregulated broker

    Fchain Network claims to be regulated by the Australian Securities and Investments Commission (ASIC) and the Financial Sector Conduct Authority (FSCA), but our search for this broker in the registers of these two regulators didn't yield any results, raising doubts about its regulatory status. This is a red flag. In addition, Fchain Network also purports to be regulated by the Financial Conduct Authority (FCA), which is denied by the FCA in a warning against Fchain Network.

    In essence, Fchain Network 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.

    Fchain Network claims to be regulated by the Australian Securities and Investments Commission (ASIC) and the Financial Sector Conduct Authority (FSCA), but our search for this broker in the registers of these two regulators didn't yield any results, raising doubts about its regulatory status. This is a red flag. In addition, Fchain Network also purports to be regulated by the Financial Conduct Authority (FCA), which is denied by the FCA in a warning against Fchain Network.In essence, Fchain Network 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.
  • 2023-07-03 BrokersView discovers that the domain of Fchain Network is inaccessible

    The website of Fchain Network (https://www.fchain-network.com/) is inaccessible , suggesting issues with the broker's reliability and resources. Please be aware of the risks involved and stay away from Fchain Network.

    The website of Fchain Network (https://www.fchain-network.com/) is inaccessible , suggesting issues with the broker's reliability and resources. Please be aware of the risks involved and stay away from Fchain Network.

Related Complaints

Q&A

Could you help me to verify the license of Fchain Network, please?

TienSeng
Poland
2023-07-04
ANSWER Fchain Network is an unlicensed broker that we advise against trading with, whose website is inaccessible now.According to our records, Fchain Network claimed to be regulated by the Australian Securities and Investments Commission (ASIC) and the Financial Sector Conduct Authority (FSCA). However, our search for this broker in the registers of both regulators didn't yield any results, indicating that the claim is a false statement.Additionally, Fchain Network claimed to be regulated by the Financial Conduct Authority (FCA), which is denied by the UK financial watchdog in a warning against the firm.What's more, we discovered that the website of Fchain Network is inaccessible, a significant scam indicator. Numerous cases and facts suggest that it is a sign of a scam absconding with clients' funds.Regarding your question, Fchain Network is an unlicensed broker, coming with significant risks, including financial losses and identity theft. Once your information and money are held by the platform, there are no rules in place to safeguard them. Therefore, we strongly suggest investors stay away from unlicensed brokers like Fchain Network and instead choose a fully regulated one to mitigate such risks.
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