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FxTechPro Ltd

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Operating status: SCAM

Website: https://fxtechpro.com/

Broker violations and abnormal records
  • 2023-09-14 BrokersView has Reviewed that FxTechPro Ltd is an Unregulated Broker

    There is no any regulatory information on its website. The truth is that FxTechPro Ltd is not under valid regulation by any regulators to do forex. Investors' funds in this broker are unsafe and cannot be protected by any law. 

    Therefore, FxTechPro Ltd is a scam.

    There is no any regulatory information on its website. The truth is that FxTechPro Ltd is not under valid regulation by any regulators to do forex. Investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, FxTechPro Ltd is a scam.

Related Complaints

Q&A

Could you please review FxTechPro Ltd?

Arnab Payten
Diekirch
2023-10-19
ANSWER FxTechPro Ltd operates as a forex broker in the absence of the necessary licenses and approvals from relevant financial watchdogs and thus it poses significant risks to investors. We strongly advise against engaging with it.The website of FxTechPro Ltd doesn't disclose any information about its regulatory status, a negative sign suggesting that it may be a scam. While it provides two addresses, one in Marshall Islands and another in the UAE, our search for the company in the registers of relevant governing bodies, including the Marshall Islands Registry (IRI), the Dubai Financial Services Authority (DFSA), the Securities and Commodities Authority (SCA), and the Central Bank of the United Arab Emirates (CBUAE), didn't yield any results. This further indicates that FxTechPro Ltd doesn't comply with the regulations.Therefore, FxTechPro Ltd is an unlicensed forex broker. Individuals dealing with the platform are exposed to fraud and identity theft, as there are no rules in place to safeguard them. If something goes wrong, they are not able to protect their interests and get compensation. To mitigate these risks, it is recommended to stay away from unlicensed platforms and instead choose a fully regulated one.
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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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