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Prosperity Peak Trading LLC

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Operating status: SCAM

Website: https://prospeaktradingllc.com/

Broker violations and abnormal records
  • 2024-06-18 The FCA issues a warning against Prosperity Peak Trading LLC

    On June 19, 2024, the Financial Conduct Authority (FCA) issued a warning against Prosperity Peak Trading LLC, believing this company might be providing financial services or products without proper authorization in the UK. https://www.fca.org.uk/news/warnings/prospeaktradingllccom

    On June 19, 2024, the Financial Conduct Authority (FCA) issued a warning against Prosperity Peak Trading LLC, believing this company might be providing financial services or products without proper authorization in the UK. https://www.fca.org.uk/news/warnings/prospeaktradingllccom
  • 2024-06-23 BrokersView has reviewed that Prosperity Peak Trading LLC is an unregulated broker

    According to its website, it displays Financial Conduct Authority (FCA) and National Futures Assocaition (NFA) certificates on its website. Upon investigation, we found that the name we saw on NFA does not match the brand and is not a member of NFA. In addition, we found that the website and name registered with the FCA were inconsistent with Prosperity Peak Trading LLC, and it was obvious that the brand had stolen the regulatory information of a compliant broker.

    It's alarming that FCA issued a warning to it.

    Essentially, Prosperity Peak Trading LLC is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.

    Prosperity Peak Trading LLC appears to be a scam.

    According to its website, it displays Financial Conduct Authority (FCA) and National Futures Assocaition (NFA) certificates on its website. Upon investigation, we found that the name we saw on NFA does not match the brand and is not a member of NFA. In addition, we found that the website and name registered with the FCA were inconsistent with Prosperity Peak Trading LLC, and it was obvious that the brand had stolen the regulatory information of a compliant broker.It's alarming that FCA issued a warning to it.Essentially, Prosperity Peak Trading LLC is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.Prosperity Peak Trading LLC appears to be a scam.

Related Complaints

Q&A

Can you verify Prosperity Peak Trading LLC? Many thanks.

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Comoros
2024-06-25
ANSWER Prosperity Peak Trading LLC is not a regulated broker.The broker claims legitimacy by displaying two licenses: one purportedly from the Financial Conduct Authority (FCA) and another being a US business license. However, our investigation reveals that the details on the alleged FCA license actually relate to a different entity with no ties to Prosperity Peak Trading LLC. Moreover, the US business license alone cannot be deemed sufficient proof of the brokerage firm's legitimacy. Prosperity Peak Trading LLC should be registered with the National Futures Association (NFA), yet no matching records are found in the NFA's registry.Furthermore, the FCA has issued a warning against Prosperity Peak Trading LLC, denying the firm's claim of authorization. This serves as evidence of the entity's fraudulent nature.In light of these findings, Prosperity Peak Trading LLC is deceptive and carries significant risks of fraud and identity theft. Investors are strongly advised to choose fully regulated brokers, avoiding unregulated entities like Prosperity Peak Trading LLC.
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