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Did anybody trade with compoundingMarket?Should I trust it?
Thaer Volodko
Kiribati
2023-09-04
ANSWER No, we strongly suggest you do not trust compoundingMarket.On its website, compoundingMarket claims that it is regulated by the Seychelles Financial Services Authority (Seychelles FSA). However, it is a false claim, as evidenced by the Seychelles FSA warning. According to the Seychelles' financial watchdog, the website https://compoundingmarket.org/ is not linked to any entity licensed or regulated by the FSA in any capacity.Furthermore, compoundingMarket's claim that it is regulated by the Cyprus Securities and Exchange Commission (CySEC) is unfounded either, as there are no records matching a company called compoundingMarket Limited, the website's purported operator, in the register of CySEC.Therefore, we strongly suggest investors avoid compoundingMarket. It is an unlicensed platform even attempting to convince unsuspecting investors using false regulatory information. That strongly suggests its intent to defraud. Once investors' money and personal information are held by the platform, there are no rules to protect them from fraud or theft. To mitigate such risks, it is advisable to steer clear of unlicensed brokers like compoundingMarket and choose a fully regulated one.
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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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