BrokersView
Search
Download
English
Sign In

GreatchainFX

Save

Operating status: SCAM

Website: https://greatchainfx.net/; http://www.greatchainfx.com/

Broker violations and abnormal records
  • 2023-08-08 The UK FCA issues a warning against GreatchainFX

    On August 9, 2023, the Financial Conduct Authority (FCA) issued a warning against GreatchainFX, believing this broker might be providing financial services or products without proper authorization. https://www.fca.org.uk/news/warnings/greatchainfx

    On August 9, 2023, the Financial Conduct Authority (FCA) issued a warning against GreatchainFX, believing this broker might be providing financial services or products without proper authorization. https://www.fca.org.uk/news/warnings/greatchainfx
  • 2023-08-10 BrokersView has reviewed that GreatchainFX is an unregulated broker

    GreatchainFX uses a certificate from FMRRC to appear legal. However, the so-called FMRRC is not a legit financial watchdog.

    While GreatchainFX claims to be headquartered in the UK, it fails to seek the required authorization from the Financial Conduct Authority (FCA) to legally provide financial products/services, as evidenced by the warning out of the FCA against GreatchainFX.

    In essence, GreatchainFX 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.

    GreatchainFX uses a certificate from FMRRC to appear legal. However, the so-called FMRRC is not a legit financial watchdog.While GreatchainFX claims to be headquartered in the UK, it fails to seek the required authorization from the Financial Conduct Authority (FCA) to legally provide financial products/services, as evidenced by the warning out of the FCA against GreatchainFX.In essence, GreatchainFX 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.

Related Complaints

Q&A

Is GreatchainFX regulated?? Im really confused.

Lara Singh
Dominica
2023-09-06
ANSWER GreatchainFX is not regulated.GreatchainFX provides a certificate from FMRRC to appear legal. However, the so-called FMRRC is not a legit financial watchdog.GreatchainFX is allegedly headquartered in the UK, but there are no indications that it is registered with the Financial Conduct Authority (FCA), which, hence, drew a warning from the UK financial watchdog. According to the FCA warning, GreatchainFX is not authorized to legally provide financial products or services in this jurisdiction.As such, we strongly suggest investors steer clear of the unlicensed broker GreatchainFX. Without regulatory oversight, there are no rules in place to prevent fraud and theft. Traders' money and personal information, once held by the platform, will not get protected. It could be financially and personally devastating. To mitigate such risks, we highly recommend choosing a fully regulated broker.
See more

comments

Be the first to review.
Rate and Review

Your review

App Store

Google Play

Company Shop Application About Us Our Methodology Privacy Policy Contact Us

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.

Disclaimer:

The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.