Fxbinas Trade Trade claims to be a reliable broker without presenting any information about its regulation. The lack of such important information may be a distinct signal of an unlicensed broker, as regulated brokers always present their accreditations and licenses in a prominent position. It is a red flag.
According to its website, the company is based on the USA. We searched National Futures Association (NFA) of the United States but found no matching results. And there was no financial reports of this company in U.S. Commodity Futures Trading Commission (CFTC). All in all, this broker is not regulated in the USA.
Moreover, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that Fxbinas Trade Trade was providing financial services or products in the UK without authorisation.
The truth is that Fxbinas Trade Trade is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, it is a scam.
Fxbinas Trade Trade claims to be a reliable broker without presenting any information about its regulation. The lack of such important information may be a distinct signal of an unlicensed broker, as regulated brokers always present their accreditations and licenses in a prominent position. It is a red flag. According to its website, the company is based on the USA. We searched National Futures Association (NFA) of the United States but found no matching results. And there was no financial reports of this company in U.S. Commodity Futures Trading Commission (CFTC). All in all, this broker is not regulated in the USA. Moreover, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that Fxbinas Trade Trade was providing financial services or products in the UK without authorisation.The truth is that Fxbinas Trade Trade is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, it is a scam.