The Official Website Of Fx Profit Planet Cannot Be Accessed Normally At This Time. The Company Appears To Have Gone Out Of Business. Therefore We Can Only Gather Some Relevant Information For Reference Only.
2022-06-20 Bahamas SCB Adds Fx Profit Planet To Warning List
On June 20, 2022, The Bahamas Securities Commission (SCB) Issued A Warning That Fx Profit Planet Was Conducting Financial Business Without Authorization. You Can Visit The Following Website For Details: Https://www.scb.gov.bs/wp-content/uploads/2022/06/SCB-Public-Notice-No.-5-of-2022.pdf
2022-07-12 We Have Reviewed And Confirmed That Fx Profit Planet Is An Unregulated Foreign Exchange Dealer
Fx Profit Planet Claims To Be A Subsidiary Of Fx Profit Planet PLC, Which Is Authorised And Regulated By The UK Financial Conduct Authority (UK FCA). However, We Have Not Found A Matching Result In The FCA For This Broker.
Fx Profit Planet Also Claims To Be Authorised And Regulated By The Bahamas Securities Commission (SCB). But When We Looked Up Its Regulatory Information In The SCB, We Found Only One Warning Issued For The Broker. The SCB Warned That Fx Profit Planet Was Not Authorized To Conduct Financial Business.
This Means That Fx Profit Planet Is Not Regulated By Any Regulatory Authority. It Is Not Safe To Let This Broker Hold Or Control Investors' Funds And Investors Cannot Be Protected By Any Law. It Is A Fake Trader.
Since We Cannot Access The Broker's Website Now, We Are Also Unable To Obtain More Direct Details About Its Trading Assets, Leverage, Spreads, Trading Platform, Minimum Deposits, Etc.
As For Regulation, It Has Been Verified That Fx Profit Planet 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 Profit Planet As A, Unregulated Broker, This Means That Clients' Investments May Not Be Adequately Protected. Due To The Lack Of A Regulator To Hold Companies Accountable, The Lack Of Supervision 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 When Selecting Traders, And Remind Everyone To Stay Away From These Unregulated Ones As Much As Possible.
