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Operating status: SCAM
Website: http://www.scalpfxtrades.com/
The Financial Conduct Authority (FCA) issued a warning against Scalp Fx Trades on Mar 30, 2023, believing this broker might be providing financial services or products in the UK without authorization: https://www.fca.org.uk/news/warnings/scalp-fx-trades
Scalp Fx Trades claims to be regulated by Cyprus Securities and Exchange Commission (CySEC). However, our search for this broker in CySEC registry did not yield any matching results. That means what it claims over the regulatory status is a false statement to unsuspecting investors. In addition, the Financial Conduct Authority (FCA) has issued a warning against Scalp Fx Trades for its offering financial services or products in the UK without authorization.
The truth is, Scalp Fx Trades is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, it is a scam.
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