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North Trader

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Operating status: SCAM

Website: https://north-trader.com/

Broker violations and abnormal records
  • 2023-11-27 The AMF adds North Trader to its warning list

    On November 28, 2023, the Financial Authority (Autorité des Marchés Financiers, AMF) added North Trader to warning list for it being an unauthorized company engaging in forex activities. https://www.amf-france.org/en/warnings/blacklists?page=0&conditions%5Bcategorie%5D=224

    On November 28, 2023, the Financial Authority (Autorité des Marchés Financiers, AMF) added North Trader to warning list for it being an unauthorized company engaging in forex activities. https://www.amf-france.org/en/warnings/blacklists?page=0&conditions%5Bcategorie%5D=224
  • 2023-11-30 BrokersView has reviewed that North Trader is an unregulated broker

    North Trader fails to disclose its regulatory information. While it claims to have a registered office in the UK, it hasn't sought authorization from the Financial Conduct Authority (FCA) for legally soliciting investors. This is a red flag of a scam.

    What's more, the Financial Authority (Autorité des Marchés Financiers, AMF) added North Trader to warning list for it being an unauthorized company engaging in forex activities. This further undermines this platform's credibility, suggesting the substantial risks involved.

    In essence, North Trader 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.

    North Trader is unequivocally a scam.

    North Trader fails to disclose its regulatory information. While it claims to have a registered office in the UK, it hasn't sought authorization from the Financial Conduct Authority (FCA) for legally soliciting investors. This is a red flag of a scam.What's more, the Financial Authority (Autorité des Marchés Financiers, AMF) added North Trader to warning list for it being an unauthorized company engaging in forex activities. This further undermines this platform's credibility, suggesting the substantial risks involved.In essence, North Trader 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.North Trader is unequivocally a scam.

Related Complaints

Q&A

Greetings, Could you tell me about license of North Trader? Best Regards.

AmerioLynn
Tanzania
2023-12-12
ANSWER North Trader does not possess the required licenses to operate or provide financial services as a forex broker. This trading platform significantly lacks transparency, leaving the public in the dark about its regulatory status and operator. Although it claims to be located in the UK, there are no indications that it is registered with the Financial Conduct Authority (FCA). Moreover, the Autorité des Marchés Financiers (AMF) has added North Trader to its warning list for being an unauthorized company engaging in forex activities. All these findings suggest that North Trader's offerings are unauthorized.Therefore, investors trading with North Trader are exposed to risks of fraud and identity theft, which could lead to severe financial and personal consequences. To protect their interests, traders are advised to avoid North Trader and other unlicensed brokers, and instead opt for those that are fully regulated and have solid reputations.
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