The Official Website Of FX-EXCHANGETRADE Is Currently Inaccessible. The Company Seems To Have Closed Down. Therefore, We Can Only Collect Some Relevant Information For Reference Only.
2022-04-07 UK FCA Adds FX-EXCHANGETRADE To Warning List
On April 7, 2022, The FCA Issued A Warning That FX-EXCHANGETRADE Provides Financial Services And Products In The UK Without Authorization. You Can Visit The Following Website For Details: Https://www.fca.org/news/warnings/fx-exchangetrade
2022-04-25 We Have Reviewed And Confirmed That FX-EXCHANGETRADE Is An Unregulated Foreign Exchange Dealer
FX-EXCHANGETRADE Claims To Be The Largest Foreign Exchange Trading Market In The World, With An Average Daily Trading Volume Of Around $5.50 Trillion. However, When We Checked Its Domain Name, We Found That The Website Was Actually Created On March 20, 2022. So How Is It Possible To Achieve Such A Large Daily Trading Volume In A Month? This Is A Red Flag.
In Addition, The Trader Also Claims That Its Company Is Headquartered In The UK And Has A Commercial Registration With The UK Department Of Commerce And Industry (CH), With The Company Registration Number: 09914444. But When We Searched For The Registration Number In CH, We Found That The Number Belongs To A Company Called "TRADE FAST INTERNATIONAL LTD". It Has Nothing To Do With FX-EXCHANGETRADE.
Under UK Law, All Companies And Individuals Offering, Promoting Or Selling Financial Services Or Products In The UK Must Obtain Authorisation Or Commercial Registration From The Financial Conduct Authority (FCA). But When We Searched The FCA, We Found That The Broker Had Been Added To Its Warning List By The FCA For Providing Financial Services Without Authorisation. This Is A Fake Trader.
2022-06-17 UK FCA Issues New Warning On Fx Exchangetrade
On June 17, 2022, The UK Financial Conduct Authority (UK FCA) Issued A New Warning That Fx Exchangetrade Is Not Authorised To Provide Financial Services Or Products In The UK. You Can Visit The Following Website For Details: Https://www.fca.org.uk/news/warnings/fx-exchangetrade
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 FX-EXCHANGETRADE 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: FX-EXCHANGETRADE As A, Unregulated Broker 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.
