The Official Website Of Bluewhale Trade Cannot Be Accessed Normally At This Time. It Seems That The Company Has Gone Out Of Business. Therefore We Can Only Gather Some Relevant Information For Reference Only.
2022-06-28 CBI Ireland Adds Bluewhale Trade To Warning List
On 28 June 2022, The Central Bank Of Ireland (CBI) Issued A Warning That Bluewhale Trade Was Operating Investment Business Companies In Ireland Without Proper Authorisation. You Can Visit The Following Website For Details: Https://www.centralbank.ie/news/article/warning-notice-blue-whale-clone-28-june-2022
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2022-07-07 We Have Confirmed Upon Review That Bluewhale Trade Is An Unregulated Forex Trader
Bluewhale Trade Claims To Be A Reliable Trader, But Does Not Provide Any Information About Its Regulation. The Lack Of Such Important Information Can Be A Clear Signal For An Unlicensed Trader, As Regulated Traders Always Display Their Certifications And Operating Licenses Prominently. This Is A Red Flag.
Bluewhale Trade Also Claims That Its Corporate Headquarters Are Located In The United Kingdom. Under UK Law, All Companies And Individuals Offering, Promoting Or Selling Financial Services Or Products In The UK Are Required To Obtain Authorisation Or Business Registration From The UK Financial Conduct Authority (FCA). However, We Did Not Find Any Results In The UK FCA That Matched This Trader.
More Importantly, The Central Bank Of Ireland (CBI) Has Issued A Warning That Bluewhale Trade Is Operating Investment Business Companies In Ireland Without Proper Authorisation.
This Means That Bluewhale Trade Is Not Regulated By Any Regulator. It Is Not Safe To Have This Trader Hold Or Control Investor Funds And Investors Cannot Be Protected By Any Law. It Is A Fake Trader.
Due To The Inability To Access The Broker's Website At This Time, We Are Also Unable To Obtain More Direct Details About Its Trading Assets, Leverage, Spreads, Trading Platform, Minimum Deposit, Etc.
As For Regulation, It Has Been Verified That Bluewhale Trade Does Not Currently Have Any Valid Licenses.
But Most Non-compliant Brokers Will Not Disclose To Provide Other More Direct And Truthful Contact Information, Such As Phone Numbers Or Company Addresses.
Note: Bluewhale Trade As A, Unregulated Broker, Which Means That Clients' Investments May Not Be Adequately Protected. Due To The Lack Of A Regulator To Hold Companies Accountable, The Lack Of Regulation Increases The Risk Of Potential Financial Losses.
If Investing In An Unregulated Broker, There Is A Good Chance That They Will Run Away With Your Hard-earned Money Without Any Recourse. Therefore, Investors Must Be Extremely Cautious And Remind Everyone To Stay Away From These Unregulated Brokers As Much As Possible When Choosing A Broker.
