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FOREXCLAP

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Operating status: SCAM

Website: https://www.forexclap.com/

Broker violations and abnormal records
  • 2023-09-07 The UK FCA issues a warning against FOREXCLAP

    On September 8, 2023, the Financial Conduct Authority (FCA) issued a warning against FOREXCLAP, believing this broker might be providing financial services or products without proper authorization. https://www.fca.org.uk/news/warnings/forexclap

    On September 8, 2023, the Financial Conduct Authority (FCA) issued a warning against FOREXCLAP, believing this broker might be providing financial services or products without proper authorization. https://www.fca.org.uk/news/warnings/forexclap
  • 2023-09-10 BrokersView has reviewed that FOREXCLAP is an unregulated broker

    According to its website, FOREXCLAP has been in the forex trading business since 1990, but a domain lookup shows that "forexclap.com" was only registered in June 2022. This discrepancy raises a red flag.

    FOREXCLAP is allegedly to be a UK-based company and has been licensed in this jurisdiction. However, the UK Financial Conduct Authority (FCA) has exposed its fraudulence by issuing a warning against the platform, cautioning the public of this unauthorized firm.

    In essence, FOREXCLAP 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. 

    FOREXCLAP is unequivocally a scam.

    According to its website, FOREXCLAP has been in the forex trading business since 1990, but a domain lookup shows that "forexclap.com" was only registered in June 2022. This discrepancy raises a red flag.FOREXCLAP is allegedly to be a UK-based company and has been licensed in this jurisdiction. However, the UK Financial Conduct Authority (FCA) has exposed its fraudulence by issuing a warning against the platform, cautioning the public of this unauthorized firm.In essence, FOREXCLAP 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. FOREXCLAP is unequivocally a scam.