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FXTime (FxPrimeHoldings)
FXTime doesn't provide essential information about its company including its company name, office address, and the regulatory status, which is a clear indication of an unlicensed broker as legitimate ones always prominently display such information, especially the accreditation and licenses.
In addition, the Italian Companies and Exchange Commission (CONSOB) has ordered this broker's website to be blacked out since it offers financial services illegally.
In essence, FXTime 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. It is unequivocally a scam.
FXTime doesn't provide essential information about its company including its company name, office address, and the regulatory status, which is a clear indication of an unlicensed broker as legitimate ones always prominently display such information, especially the accreditation and licenses.In addition, the Italian Companies and Exchange Commission (CONSOB) has ordered this broker's website to be blacked out since it offers financial services illegally.In essence, FXTime 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. It is unequivocally a scam.On 8 December 2023, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that FXTime was a clone of FCA Authorised firm, Exinity UK Ltd. You may visit: https://www.fca.org.uk/news/warnings/fx-time-fxtimeio-clone-fca-authorised-firm
On 8 December 2023, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that FXTime was a clone of FCA Authorised firm, Exinity UK Ltd. You may visit: https://www.fca.org.uk/news/warnings/fx-time-fxtimeio-clone-fca-authorised-firmThe original website address, fxtime.io, has been disabled. The entity now is operating through a new link fprimeholdings.com, under a new brand name FxPrimeHoldings. In response, the Financial Conduct Authority (FCA) has updated its warning about the fraudulent company to make investors informed. https://www.fca.org.uk/news/warnings/fx-time-fxtimeio-clone-fca-authorised-firm
The original website address, fxtime.io, has been disabled. The entity now is operating through a new link fprimeholdings.com, under a new brand name FxPrimeHoldings. In response, the Financial Conduct Authority (FCA) has updated its warning about the fraudulent company to make investors informed. https://www.fca.org.uk/news/warnings/fx-time-fxtimeio-clone-fca-authorised-firm
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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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