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FOREXPRUDENT

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Operating status: SCAM

Website: https://forexprudent.com/

Broker violations and abnormal records
  • 2023-05-14 The UK regulator FCA issued a warning against FOREXPRUDENT

    On May 15, 2023, the Financial Conduct Authority (FCA) issued a warning against FOREXPRUDENT, believing this broker might be providing financial services or products in the UK without authorization: https://www.fca.org.uk/news/warnings/forexprudent

    On May 15, 2023, the Financial Conduct Authority (FCA) issued a warning against FOREXPRUDENT, believing this broker might be providing financial services or products in the UK without authorization: https://www.fca.org.uk/news/warnings/forexprudent
  • 2023-05-15 BrokersView has reviewed that FOREXPRUDENT is an unregulated broker

    FOREXPRUDENT's failure to provide regulatory information and licensing data is a significant scam indicator as legitimate brokers typically display such information prominently to instill trust and transparency. This is a red flag. In addition, since it claims to be located in the UK, this broker is required to obtain authorization from the Financial Conduct Authority (FCA) before soliciting potential investors. However, the FCA has issued a warning against it, announcing its illegitimacy.

    In essence, FOREXPRUDENT 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.

    FOREXPRUDENT's failure to provide regulatory information and licensing data is a significant scam indicator as legitimate brokers typically display such information prominently to instill trust and transparency. This is a red flag. In addition, since it claims to be located in the UK, this broker is required to obtain authorization from the Financial Conduct Authority (FCA) before soliciting potential investors. However, the FCA has issued a warning against it, announcing its illegitimacy.In essence, FOREXPRUDENT 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.

Related Complaints

Q&A

Which e-currency do they accept?

Kala Bumchoo
Ghana
2023-05-17
ANSWER FOREXPRUDENT is an unlicensed broker we advise against trading with, despite the seemingly attractive deals it offers.FOREXPRUDENT's failure to provide regulatory information and licensing data is a significant scam indicator as legitimate brokers typically display such information prominently to instill trust and transparency. This is a red flag. In addition, since it claims to be located in the UK, this broker is required to obtain authorization from the Financial Conduct Authority (FCA) before soliciting potential investors. However, the FCA has issued a warning against it, announcing its illegitimacy. You can access the full warning here.Regarding your question, we suggest you avoid dealing with FOREXPRUDENT since it is an unlicensed broker even carrying a warning by the FCA. It could pose huge risks to traders, both financially and personally. These risks include loss of funds and identity theft. Therefore, to avoid such risks, investors are encouraged to stay away unlicensed brokers like FOREXPRUDENT and use fully regulated ones instead.
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