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Worldwide Expert Fx Trade

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Operating status: SCAM

Website: https://www.expertfxtrade.com/

Broker violations and abnormal records
  • 2023-08-22 The UK FCA issues a warning against Worldwide Expert Fx Trade

    On August 23, 2023, the Financial Conduct Authority (FCA) issued a warning against Worldwide Expert Fx Trade, believing this broker might be providing financial services or products without proper authorization. https://www.fca.org.uk/news/warnings/worldwide-expert-fx-trade

    On August 23, 2023, the Financial Conduct Authority (FCA) issued a warning against Worldwide Expert Fx Trade, believing this broker might be providing financial services or products without proper authorization. https://www.fca.org.uk/news/warnings/worldwide-expert-fx-trade
  • 2023-08-24 BrokersView has reviewed that Worldwide Expert Fx Trade is an unregulated broker

    Worldwide Expert Fx Trade employs a shoddy website template popular among scammers, which gives the same statements regarding their regulatory status claiming to be regulated by the Financial Conduct Authority (FCA), the Australian Securities and Investments Commission (ASIC), and the Financial Sector Conduct Authority (FSCA). However, the truth is it is not regulated by any of them.

    Worldwide Expert Fx Trade provides an address in the US, but our investigation reveals that it fails to registered as a member of the National Futures Association (NFA).

    The discovery that expertfxtrade.com, Worldwide Expert Fx Trade's domain, is newly registered in July 2023 throws a red flag to investors. The registration date, along with its badly designed website, strongly suggests its intent to defraud.

    Furthermore, the FCA has issued a warning against Worldwide Expert Fx Trade, cautioning the public of this unauthorized firm.

    In essence, Worldwide Expert Fx Trade 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. 

    Worldwide Expert Fx Trade is unequivocally a scam.

    Worldwide Expert Fx Trade employs a shoddy website template popular among scammers, which gives the same statements regarding their regulatory status claiming to be regulated by the Financial Conduct Authority (FCA), the Australian Securities and Investments Commission (ASIC), and the Financial Sector Conduct Authority (FSCA). However, the truth is it is not regulated by any of them.Worldwide Expert Fx Trade provides an address in the US, but our investigation reveals that it fails to registered as a member of the National Futures Association (NFA).The discovery that expertfxtrade.com, Worldwide Expert Fx Trade's domain, is newly registered in July 2023 throws a red flag to investors. The registration date, along with its badly designed website, strongly suggests its intent to defraud.Furthermore, the FCA has issued a warning against Worldwide Expert Fx Trade, cautioning the public of this unauthorized firm.In essence, Worldwide Expert Fx Trade 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. Worldwide Expert Fx Trade is unequivocally a scam.

Related Complaints

Q&A

When will Worldwide Expert Fx Trade process my withdrawal after submitting the request?

Hasil Dikutle
Germany
2023-09-26
ANSWER Given the fraudulent nature of Worldwide Expert Fx Trade, there is no guarantee that your withdrawal request will be successfully processed within a short time or without any additional demands. A lot of victims have learned the hard way that scam brokers often refuse to repay.According to our research, Worldwide Expert Fx Trade is a scam.The platform uses a cheap website template that repeats the same false claims of being regulated by the Financial Conduct Authority (FCA), the Australian Securities and Investments Commission (ASIC), and the Financial Sector Conduct Authority (FSCA). However, none of these regulators have authorized this broker to operate. Worldwide Expert Fx Trade also claims to be based in the US, but it is not registered with the National Futures Association (NFA) as required by law.Moreover, Worldwide Expert Fx Trade is a very new broker, having registered its domain name in July 2023. This, along with its poor website design, indicates that it is not a trustworthy broker. The FCA has also issued a warning against Worldwide Expert Fx Trade, advising the public to avoid this unlicensed firm.Therefore, BrokersView strongly suggests you do not have further dealings with Worldwide Expert Fx Trade. Without regulatory oversight, you are exposed to substantial risks of fraud and identity theft, which could be financially and personally devastating. To mitigate such risks in your trading life, it is better to choose a fully regulated broker.
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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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