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Fxmarkettrade

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Operating status: SCAM

Website: https://www.fxmarkettrade.net/

Broker violations and abnormal records
  • 2024-05-02 The FCA issues a warning against Fxmarkettrade

    On May 3rd, 2024, the Financial Conduct Authority (FCA) issued a warning against Fxmarkettrade, believing this company might be providing financial services or products without proper authorization in the UK. https://www.fca.org.uk/news/warnings/fxmarkettrade-wwwfxmarkettradenet

    On May 3rd, 2024, the Financial Conduct Authority (FCA) issued a warning against Fxmarkettrade, believing this company might be providing financial services or products without proper authorization in the UK. https://www.fca.org.uk/news/warnings/fxmarkettrade-wwwfxmarkettradenet
  • 2024-05-08 BrokersView has reviewed that Fxmarkettrade is an unregulated broker

    There are several signs suggesting that Fxmarkettrade appears to be a scam.

    This trading platform alleges to provide investment packages of extremely high Returns on Investment (ROI), which is a common tactic used by scammers to lure unwitting investors, especially newcomers.

    While it attempts to establish a present that has long history in the market, its domain name was actually registered at the end of 2023. This inconsistency is a red flag.

    The website even claims to be regulated by the Financial Conduct Authority (FCA). However, the FCA has issued a warning against Fxmarkettrade, refuting such claims and flagging it as an unauthorized firm.

    In essence, Fxmarkettrade is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.

    Fxmarkettrade appears to be a scam.

    There are several signs suggesting that Fxmarkettrade appears to be a scam.This trading platform alleges to provide investment packages of extremely high Returns on Investment (ROI), which is a common tactic used by scammers to lure unwitting investors, especially newcomers.While it attempts to establish a present that has long history in the market, its domain name was actually registered at the end of 2023. This inconsistency is a red flag.The website even claims to be regulated by the Financial Conduct Authority (FCA). However, the FCA has issued a warning against Fxmarkettrade, refuting such claims and flagging it as an unauthorized firm.In essence, Fxmarkettrade is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.Fxmarkettrade appears to be a scam.

Related Complaints

Q&A

Can I trust Fxmarkettrade?

Terry Hackett
United States of America
2024-05-11
ANSWER No, you shouldn't trust Fxmarkettrade.Recently, the Financial Conduct Authority (FCA) has identified a group of scam brokers that appear similar and even share the same alleged office address. All of them falsely claim to be regulated by the FCA. However, the truth is they are not under the jurisdiction of the FCA, as evidenced by warnings from the UK's financial watchdog. For a comprehensive understanding of Fxmarkettrade, you can refer to the FCA's warning.Therefore, Fxmarkettrade poses a substantial risk of fraud and identity theft. Investors are strongly advised to avoid using it to prevent becoming victims of potential fraud schemes. For a safer trading environment, it is recommended to opt for fully regulated brokers.
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