- Brokers HOT
- Scam
- BV Assessment NEW
- Rankings
- Regulators
- News
- Claims
- Expo
- Event
- Awards
Search
Download
English
ForIndex
On January 1, 2024, the Federal Financial Supervisory Authority (BaFin) warned consumers about the services offered by the company ForIndex UK Ltd (forindex.com), which is offering financial and investment services without the required authorization. https://www.bafin.de/SharedDocs/Veroeffentlichungen/EN/Meldung/2023/meldung_2023_09_14_forindex_en.html
On January 1, 2024, the Federal Financial Supervisory Authority (BaFin) warned consumers about the services offered by the company ForIndex UK Ltd (forindex.com), which is offering financial and investment services without the required authorization. https://www.bafin.de/SharedDocs/Veroeffentlichungen/EN/Meldung/2023/meldung_2023_09_14_forindex_en.htmlForIndex fails to disclose regulatory information. This lack of transparency is a significant scam indicator. While it claims to be located in the UK, there isn't any evidence of its registration with the Financial Conduct Authority (FCA). The absence of supervision from any financial regulator raises concerns about its legitimacy.
The warning issued by the Federal Financial Supervisory Authority (BaFin) corrobrates that ForIndex is a scam. According to the warning, BaFin confirmed that this platform is not registered with the FCA and is not authorized by BaFin.
In essence, ForIndex 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.
ForIndex appears to be a scam.
ForIndex fails to disclose regulatory information. This lack of transparency is a significant scam indicator. While it claims to be located in the UK, there isn't any evidence of its registration with the Financial Conduct Authority (FCA). The absence of supervision from any financial regulator raises concerns about its legitimacy.The warning issued by the Federal Financial Supervisory Authority (BaFin) corrobrates that ForIndex is a scam. According to the warning, BaFin confirmed that this platform is not registered with the FCA and is not authorized by BaFin.In essence, ForIndex 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.ForIndex appears to be a scam.
comments
Be the first to review.
Rate and Review
©2018-2024 BrokersView EU Limited. All Rights Reserved.
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.