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Forex Trade Platform

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Operating status: SCAM

Website: https://forextradeplatform.net/

Broker violations and abnormal records
  • 2023-03-23 The UK regulator FCA issued a warning against Forex Trade Platform

    The Financial Conduct Authority (FCA) issued a warning against Forex Trade Platform on Mar 24, 2023, believing this broker might be providing financial services or products in the UK without authorization: https://www.fca.org.uk/news/warnings/forex-trade-platform

    The Financial Conduct Authority (FCA) issued a warning against Forex Trade Platform on Mar 24, 2023, believing this broker might be providing financial services or products in the UK without authorization: https://www.fca.org.uk/news/warnings/forex-trade-platform
  • 2023-03-27 BrokersView has reviewed that Forex Trade Platform is an unregulated broker

    Forex Trade Platform claims to be a fully regulated and licensed broker while provides no further details on its regulatory status, a distinct characteristic of unlicensed brokers, as legit brokers always present their accreditation and licenses in a prominent position. Moreover, this broker implies that they are legal by mentioning the Australian Securities and Investments Commission (ASIC) on their "About" page. However, our search for this broker in the ASIC registry did not yield any results. That means what Forex Trade Platform claims is a false statement to unsuspecting investors. In addition, the Financial Conduct Authority (FCA) has issued a warning against this broker, believing it might be providing financial services or products in the UK without authorization.

    The truth is, Forex Trade Platform is not regulated or licensed by any regulators. Your data and funds are not safe with this trading platform. Therefore, it is a scam.

    Forex Trade Platform claims to be a fully regulated and licensed broker while provides no further details on its regulatory status, a distinct characteristic of unlicensed brokers, as legit brokers always present their accreditation and licenses in a prominent position. Moreover, this broker implies that they are legal by mentioning the Australian Securities and Investments Commission (ASIC) on their "About" page. However, our search for this broker in the ASIC registry did not yield any results. That means what Forex Trade Platform claims is a false statement to unsuspecting investors. In addition, the Financial Conduct Authority (FCA) has issued a warning against this broker, believing it might be providing financial services or products in the UK without authorization.The truth is, Forex Trade Platform is not regulated or licensed by any regulators. Your data and funds are not safe with this trading platform. Therefore, it is a scam.

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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.

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.