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Intrafund
On November 21, 2023, the Financial Conduct Authority (FCA) adds Intrafund to its warning list for conducting unlicensed business. https://www.fca.org.uk/news/warnings/intrafund-intrafundcom
On November 21, 2023, the Financial Conduct Authority (FCA) adds Intrafund to its warning list for conducting unlicensed business. https://www.fca.org.uk/news/warnings/intrafund-intrafundcomIntrafund claims to be a reputable Forex & CFDs online brokerage that is supposedly authorized in various jurisdictions around the world. However, it doesn't give specific details including the regions and relevant licenses, raising suspicions about the claim's authenticity.
While it claims to be based in the UK, it has not sought authorization from the country's financial watchdog, the Financial Conduct Authority (FCA). This lack of regulatory compliance has prompted a warning from the FCA. The company's poor adherence to regulations suggests that it may not be a reliable forex broker, and its claims about its regulatory status appear to be unfounded. It's worth considering that if a company is not even registered with its local financial regulator, it's unlikely that it would comply with the laws of other jurisdictions to acquire the necessary licenses.
In essence, Intrafund 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.
Intrafund is unequivocally a scam.
Intrafund claims to be a reputable Forex & CFDs online brokerage that is supposedly authorized in various jurisdictions around the world. However, it doesn't give specific details including the regions and relevant licenses, raising suspicions about the claim's authenticity.While it claims to be based in the UK, it has not sought authorization from the country's financial watchdog, the Financial Conduct Authority (FCA). This lack of regulatory compliance has prompted a warning from the FCA. The company's poor adherence to regulations suggests that it may not be a reliable forex broker, and its claims about its regulatory status appear to be unfounded. It's worth considering that if a company is not even registered with its local financial regulator, it's unlikely that it would comply with the laws of other jurisdictions to acquire the necessary licenses.In essence, Intrafund 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.Intrafund is unequivocally a scam.On March 14, 2024, the Belgian Financial Services and Markets Authority (FSMA) added Intrafund to its warning list as a fraudulent trading platform. https://www.fsma.be/en/warnings/baware-these-new-fraudulent-trading-platforms
On March 14, 2024, the Belgian Financial Services and Markets Authority (FSMA) added Intrafund to its warning list as a fraudulent trading platform. https://www.fsma.be/en/warnings/baware-these-new-fraudulent-trading-platforms
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