TRADINGBROKER FX claims to be registered in the US. According to the US law, the company, as a forex broker, is required to be a member of the National Futures Association (NFA). However, we have been unable to locate a firm called TRADINGBROKER FX on the NFA register and thus it is not subject to the NFA's oversight. This is a red flag.
TRADINGBROKER FX also claims to have an address in the UK. Therefore, it must seek authorization from the Financial Conduct Authority (FCA) before soliciting investors. However, the FCA has issued a warning against TRADINGBROKER FX for illegally providing financial services/products in the country without their authorization.
In essence, TRADINGBROKER FX 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.
TRADINGBROKER FX claims to be registered in the US. According to the US law, the company, as a forex broker, is required to be a member of the National Futures Association (NFA). However, we have been unable to locate a firm called TRADINGBROKER FX on the NFA register and thus it is not subject to the NFA's oversight. This is a red flag.TRADINGBROKER FX also claims to have an address in the UK. Therefore, it must seek authorization from the Financial Conduct Authority (FCA) before soliciting investors. However, the FCA has issued a warning against TRADINGBROKER FX for illegally providing financial services/products in the country without their authorization.In essence, TRADINGBROKER FX 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.