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Richardson XE

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Operating status: SCAM

Website: https://www.richardsonxe.com/

Broker violations and abnormal records
  • 2023-05-17 The UK regulator FCA issued a warning against Richardson XE

    On May 18, 2023, the Financial Conduct Authority (FCA) issued a warning against Richardson XE, believing this broker might be providing financial services or products in the UK without authorization: https://www.fca.org.uk/news/warnings/richardson-lewis-richardson-xe

    On May 18, 2023, the Financial Conduct Authority (FCA) issued a warning against Richardson XE, believing this broker might be providing financial services or products in the UK without authorization: https://www.fca.org.uk/news/warnings/richardson-lewis-richardson-xe
  • 2023-05-18 BrokersView has reviewed that Richardson XE is an unregulated broker

    Richardson XE fails to provide regulatory information and licensing data, a clear scam indicator. It is typical for legitimate brokers to prominently display such information, whereas Richardson XE doesn't. We noticed that it purports to be located in Singapore where brokers must be regulated by the Monetary Authority of Singapore (MAS) in order to provide financial services or products. However, we didn't find any records in the MAS registry matching this broker. In addition, The Financial Conduct Authority (FCA) has added Richardson XE to its warning list for operating illegally.

    In essence, Richardson XE 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.

    Richardson XE fails to provide regulatory information and licensing data, a clear scam indicator. It is typical for legitimate brokers to prominently display such information, whereas Richardson XE doesn't. We noticed that it purports to be located in Singapore where brokers must be regulated by the Monetary Authority of Singapore (MAS) in order to provide financial services or products. However, we didn't find any records in the MAS registry matching this broker. In addition, The Financial Conduct Authority (FCA) has added Richardson XE to its warning list for operating illegally.In essence, Richardson XE 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.

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