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Wavestrader
On August 29, 2024, the Belgian Financial Services and Markets Authority (FSMA) added Wavestrader to its warning list as a fraudulent trading platform operating in the Belgian market and advised investors to stay away from it. https://www.fsma.be/en/warnings/look-out-traps-beware-these-fraudulent-trading-platforms-0
On August 29, 2024, the Belgian Financial Services and Markets Authority (FSMA) added Wavestrader to its warning list as a fraudulent trading platform operating in the Belgian market and advised investors to stay away from it. https://www.fsma.be/en/warnings/look-out-traps-beware-these-fraudulent-trading-platforms-0Wavestrader doesn't disclose any licensing details for verification, indicating that it is likely not regulated. In addition, the Belgian Financial Services and Markets Authority (FSMA) has added Wavestrader to its warning list as a fraudulent trading platform operating in the Belgian market and advised investors to stay away from it.
In essence, Wavestrader 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.
Wavestrader appears to be a scam.
Wavestrader doesn't disclose any licensing details for verification, indicating that it is likely not regulated. In addition, the Belgian Financial Services and Markets Authority (FSMA) has added Wavestrader to its warning list as a fraudulent trading platform operating in the Belgian market and advised investors to stay away from it.In essence, Wavestrader 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.Wavestrader appears to be a scam.
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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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