The Official Website Of HobitalFxTrade Cannot Be Accessed Normally At Present. The Company Seems To Have Closed Down. Therefore, We Can Only Collect Some Relevant Information For Reference Only.
2022-07-05 UK FCA Adds HobitalFxTrade To The Warning List
On July 5, 2022, The UK Financial Conduct Authority (UK FCA) Issued A Warning That HobitalFxTrade Is Not Authorized To Provide Financial Services Or Products In The UK. You Can Visit The Following Website For Details: Https://www.fca.org.uk/news/warnings/hobital-fx-trade
2022-07-06 We Have Confirmed After Review That HobitalFxTrade Is An Unregulated Forex Broker
HobitalFxTrade Claims To Be Incorporated In The UK And Is Commercially Registered With The UK Department Of Commerce And Industry (CH) With Company Registration Number 65059197. But We Did Not Find A Match For This Broker In CH. Also Note That CH Is The Companies Registry In The UK And Has No Legal Right To Regulate Any Forex Activities.
HobitalFxTrade Also Claims That Its Company Is Headquartered In The UK. But When We Searched For Its Regulatory Information In The UK Financial Conduct Authority (UK FCA), We Found A Warning. The UK FCA Has Issued A Warning That HobitalFxTrade Is Offering Financial Services Or Products In The UK Without Authorisation.
This Means That HobitalFxTrade Is Not Regulated By Any Regulatory Authority. It Is Not Safe For This Broker To Hold Or Control Investor Funds And Investors Cannot Be Protected By Any Laws. It Is A Fake Trader.
Due To The Inability To 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 HobitalFxTrade 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: HobitalFxTrade 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 As Much As Possible When Choosing A Broker.
