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Gridingrows FX Signal

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Operating status: SCAM

Website: http://www.gridingrowsfxsignal.com/

Broker violations and abnormal records
  • 2023-05-30 The UK FCA issued a warning against Gridingrows FX Signal

    On May 31, 2023, the Financial Conduct Authority (FCA) issued a warning against Gridingrows FX Signal, believing this broker might be providing financial services or products without proper authorization: https://www.fca.org.uk/news/warnings/gridingrows-fx-signal

    On May 31, 2023, the Financial Conduct Authority (FCA) issued a warning against Gridingrows FX Signal, believing this broker might be providing financial services or products without proper authorization: https://www.fca.org.uk/news/warnings/gridingrows-fx-signal
  • 2023-05-31 BrokersView has reviewed that Gridingrows FX Signal is an unregulated broker

    Gridingrows FX Signal claims to be registered under the international business act with Company No. 98377565 but doesn't give the specific authority it registered with and thus we cannot verify the information, raising doubts about its authenticity and reliability. Given the claim that it is located in the US, if Gridingrows FX Signal wants to legally operate as a forex broker, it is required to be a member of the National Futures Association (NFA). However, there are no corresponding records in the NFA registry. Therefore, Gridingrows FX Signal is providing investment services outside the legal frameworks. In addition, the Financial Conduct Authority (FCA) has added Gridingrows FX Signal to its warning list for operating without proper authorization.

    In essence, Gridingrows FX Signal 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.

    Gridingrows FX Signal claims to be registered under the international business act with Company No. 98377565 but doesn't give the specific authority it registered with and thus we cannot verify the information, raising doubts about its authenticity and reliability. Given the claim that it is located in the US, if Gridingrows FX Signal wants to legally operate as a forex broker, it is required to be a member of the National Futures Association (NFA). However, there are no corresponding records in the NFA registry. Therefore, Gridingrows FX Signal is providing investment services outside the legal frameworks. In addition, the Financial Conduct Authority (FCA) has added Gridingrows FX Signal to its warning list for operating without proper authorization.In essence, Gridingrows FX Signal 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

How's the spread here?

Mario Vega
Mexico
2023-06-05
ANSWER Gridingrows FX Signal is a non-regulated broker that we advise against trading with despite the seemingly attractive deals it offers.Gridingrows FX Signal claims to be registered under the international business act with Company No. 98377565 but doesn't give the specific authority it is registered with and thus we cannot verify the information, raising doubts about its authenticity and reliability. Given the claim that it is located in the US, Gridingrows FX Signal is required to be a member of the National Futures Association (NFA) before soliciting investors. However, there are no corresponding records in the NFA registry. Therefore, Gridingrows FX Signal is providing investment services outside the legal frameworks. In addition, the Financial Conduct Authority (FCA) has added Gridingrows FX Signal to its warning list for operating without proper authorization.Regarding your question, we strongly suggest you avoid dealing with Gridingrows FX Signal as there are no safeguards in place to prevent fraud or theft. Investors could expose themselves to significant risks including financial losses and identity theft if investing with this platform. Therefore, investors are encouraged to stay away from unlicensed brokers like Gridingrows FX Signal and opt for fully regulated ones instead.
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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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