It Has Been Verified That Fxsptrader Operates Through The Website Https://www.fxsptraders.com/and Is An Unregulated Broker.
The Company's Website Is Currently Defunct, Inaccessible, Appears To Have Gone Out Of Business, And Details About The Company Are Not Immediately Available. Traders Must Be Vigilant In Case They Are Cheated And Their Funds Are Damaged.
According To An Internet Query:
On January 5, 2024, The UK Financial Conduct Authority (FCA) Issued A Warning To Fxsptrader That The Company May Offer Financial Services Or Products In The UK Without Proper Authorization.
Fxsptrader Claims To Be A UK-based, Regulated Forex Broker Operating Under The Company Name Fxsptrader Global Pty Ltd With ABN 90149011361 And AFSL 398528 Issued By The Australian Securities And Investments Commission (ASIC).
However, This Regulatory Information Appears To Be False And Actually Belongs To Another Company, Which Operates Under Its Own Brand And Website. This Deceptive Practice Of Misappropriating Legitimate Information Is A Tactic Used By Fxsptrader To Mislead Investors Into Believing They Are A Genuine Platform.
In Addition, The UK Financial Conduct Authority (FCA) Has Issued A Warning To Fxsptrader On Suspicion That The Company May Be Offering Financial Services Or Products In The UK Without The Necessary Authorisation.
Actually, Fxsptrader Is Not Supervised By Any Regulatory Authority. Therefore, There Is A High Risk In Entrusting Investment Funds To This Broker Due To The Lack Of Legal Protection To Protect These Funds.
In Conclusion, Fxsptrader Gives All Indications Of Fraudulent Operations. It Is Highly Likely That They Are A Fake Trader. Investors Are Advised To Exercise Caution.
And Most Non-compliant Brokers Will Not Disclose To Provide Their Direct Real Contact Information, Such As Phone Number Or Company Address.
Note: Fxsptrader Being An Unregulated Broker Means That The Client's Investment May Not Be Adequately Protected. Due To The Lack Of A Regulator To Hold The Company 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.
