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Status Code

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Operating status: SCAM

Website: https://the-status-code.com/

Broker violations and abnormal records
  • 2023-04-23 BrokersView has Reviewed that Status Code is an Unregulated Broker

    There is no any regulatory information on its website. The truth is that Status Code is not under valid regulation by any regulators to do forex. Investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.

    There is no any regulatory information on its website. The truth is that Status Code is not under valid regulation by any regulators to do forex. Investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.

Related Complaints

Q&A

Does it offer services in Singapore?

jarish
Eritrea
2023-05-11
ANSWER Status Code is an unlicensed broker that we advise against trading with, despite the seemingly attractive deals it offers.Status Code marks itself as a safe system for trading cryptocurrencies, but the lack of information regarding its regulatory status and company details like name, address, and phone number is a clear indication of its illegitimacy. Additionally, crypto companies have long existed in a legal gray area, with legislators and government officials debating how they should be classified for regulation. As such, investing in crypto markets comes with tremendous amounts of risks as most crypto-related activities are not regulated. Once your money is in the crypto ecosystem, there are no rules to protect it, unlike other investments.Regarding your question, we suggest you avoid dealing with Status Code as it is a non-regulated broker. Using such a trading platform could lead to significant risks including loss of funds and identity theft. Therefore, investors are encouraged to choose fully regulated brokers only to avoid such risks.
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Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

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