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fxfortrade

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How much commission do they charge?
Md Fahidul Hasan
Denmark
2023-01-16
ANSWER FxForTrade is not a regulated or licensed broker for traders even though it states offers that look good to be true.FxForTrade claims to be a licensed broker under miltiple regulations, including: 1) the United Kingdom Financial Conduct Authority (FCA); 2) the Investment Industry Regulatory Organization of Canada (IIROC); 3) the Canadian Investor Protection Fund (CIPF); 4) Australian Securities & Investment Commission (ASIC); 5) Cyprus Securities and Exchange Commission (CySEC); 6) the National Bank of the Republic of Belarus (NBRB); 7) the Mauritius Financial Services Commission (Mauritius FSC). After the investigation, we did not found any matching results in IIROC, ASIC, CySEC, or Mauritius FSC. (NBRB's website is inaccessible currently). And the CIPF is not a forex regulator. What's more, FCA issued a warning against FxForTrade for being a clone firm. FCA claims that the fraudster was using the details of firms UK FCA authorise to try to convince people that it works for a genuine, authorised firm. You can check the full warning from here.The truth is, FxForTrade is not overseen by any regulators. But this broker currently has not received any warnings from any regulators. We would recommend traders stay away from unregulated brokers like FxForTrade and trade with licensed brokers.
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Risk Warning:

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.

Disclaimer:

The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.