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Is CRYPTO INGER regulated in UK?
Tareq Okafor
Mayotte
2023-10-27
ANSWER No, CRYPTO INGER is not regulated in the UK and the Financial Conduct Authority (FCA) has warned about it not being authorized to provide financial services or products in this country.CRYPTO INGER, in a bid to seem authentic, flaunts a certificate from the US Department of Commerce. Yet, this holds no significance. If it had the necessary license to provide forex trading services in the US, it would be listed as a member of the National Futures Association (NFA). However, our investigation into the company on the NFA BASIC yielded nothing. This indicates that the platform does not adhere to the necessary regulations.Moreover, despite its alleged UK domicile, it neglects to obtain authorization from the FCA. As a result, the British financial watchdog has added it to its warning list to alert the public about this unauthorized entity. Read the FCA warning here.In summary, CRYPTO INGER is not subject to any regulatory oversight. Entrusting this broker with investors' capital is fraught with danger, as there are no legal safeguards to protect these funds. To mitigate such substantial risks, it is recommended to stay away from unlicensed brokers like CRYPTO INGER and instead choose fully regulated ones.
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