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Do you recommend to deal with FUNDSTRADEFX?
stephen f
Lithuania
2023-08-10
ANSWER We strongly suggest investors avoid FUNDSTRADEFX because it is an unlicensed broker warned by two financial regulators.FUNDSTRADEFX claims to be a legitimate company with a certificate from the Companies House (CH). However, the CH only serves as a registrar of companies in the UK and does not possess the authority to issue forex licenses and regulate entities involved in such activities. More importantly, FUNDSTRADEFX's registration with the CH is fake as we searched the CH register but found no matching records.In addition, both the Financial Conduct Authority (FCA) and the Comisión Nacional del Mercado de Valores (CNMV) have added FUNDSTRADEFX to their warning lists for providing investment services without authorization. You can refer here for FCA warning, and here for CNMV warning list.In essence, FUNDSTRADEFX is an unlicensed broker with significant risks such as financial losses and identity theft, and there are no rules in place to safeguard investors dealing with it. Therefore, we strongly suggest investors stay away from unlicensed brokers like FUNDSTRADEFX and instead choose a fully regulated one.
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