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FX Margine

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Operating status: SCAM

Website: https://fxmargine.com/

Broker violations and abnormal records
  • 2023-12-27 The FCA identifies FX Margine as a clone firm

    On December 28, 2023, the Financial Conduct Authority (FCA) red-flagged FX Margine as a clone of an FCA-authorized firm. https://www.fca.org.uk/news/warnings/fx-margine-fxmarginecom-clone-fca-authorised-firm

    On December 28, 2023, the Financial Conduct Authority (FCA) red-flagged FX Margine as a clone of an FCA-authorized firm. https://www.fca.org.uk/news/warnings/fx-margine-fxmarginecom-clone-fca-authorised-firm
  • 2023-12-28 BrokersView has reviewed that FX Margine is an unregulated broker

    FX Margine purports to be an authorized Forex & CFDs online brokerage brand, claiming to be regulated by the Financial Conduct Authority (FCA) under FRN 562170.

    However, our investigation into this FRN in the FCA register indicates that this license is actually held by Swissquote Ltd. According to FCA records, there is evidently no connection between Swissquote Ltd and FX Margine.

    Moreover, the FCA has issued a warning about FX Margine, identifying it as a clone firm that copies the details of an FCA-authorized firm to give the impression of legitimacy. These significant fraudulent practices suggest that FX Margine is far from trustworthy.

    In summary, FX Margine is not regulated by any governing body. It is highly risky to entrust them with investors' funds due to the absence of legal protections to safeguard these funds. Therefore, FX Margine appears to be fraudulent.

    FX Margine purports to be an authorized Forex & CFDs online brokerage brand, claiming to be regulated by the Financial Conduct Authority (FCA) under FRN 562170.However, our investigation into this FRN in the FCA register indicates that this license is actually held by Swissquote Ltd. According to FCA records, there is evidently no connection between Swissquote Ltd and FX Margine.Moreover, the FCA has issued a warning about FX Margine, identifying it as a clone firm that copies the details of an FCA-authorized firm to give the impression of legitimacy. These significant fraudulent practices suggest that FX Margine is far from trustworthy.In summary, FX Margine is not regulated by any governing body. It is highly risky to entrust them with investors' funds due to the absence of legal protections to safeguard these funds. Therefore, FX Margine appears to be fraudulent.
  • 2024-02-28 The FINMA issues a warning about FX Margine

    On Feb 29, 2024, the Swiss Financial Market Supervisory Authority (FINMA) issued a warning against FX Margine, stating that this broker is not entered in its commercial register. https://www.finma.ch/en/finma-public/warning-list/fx-margine/

    On Feb 29, 2024, the Swiss Financial Market Supervisory Authority (FINMA) issued a warning against FX Margine, stating that this broker is not entered in its commercial register. https://www.finma.ch/en/finma-public/warning-list/fx-margine/
  • 2024-05-15 The FSMA adds FX Margine to its warning list

    On May 16, 2024, the Belgian Financial Services and Markets Authority (FSMA) added FX Margine to its warning list as a fraudulent trading platform operating in the Belgian market and advised investors to stay away from it. https://www.fsma.be/en/warnings/look-out-traps-beware-these-fraudulent-trading-platforms

    On May 16, 2024, the Belgian Financial Services and Markets Authority (FSMA) added FX Margine to its warning list as a fraudulent trading platform operating in the Belgian market and advised investors to stay away from it. https://www.fsma.be/en/warnings/look-out-traps-beware-these-fraudulent-trading-platforms

Related Complaints

Q&A

What proof of address document is required on FX Margine?

Denys F
Sierra Leone
2024-01-09
ANSWER We advise you not to engage with FX Margine, which is suspected of being a fraudulent scheme.The investment website purports to be regulated by the Financial Conduct Authority (FCA) under FRN 562170. However, this license number is associated with a different company that seems unrelated to FX Margine. The FCA has issued a warning, further substantiating this conclusion by identifying FX Margine as a clone firm.This deceptive practice strongly indicates the significant risks associated with FX Margine. Their aim appears to be fraudulent, and clients could potentially fall victim to fraud and identity theft. To prevent such a damaging trading experience, we strongly advise investors to steer clear of unregulated trading platforms like FX Margine and opt for fully regulated ones with solid reputations.
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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.

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