Forexexpresstrade's Official Website 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 SCB Bahamas Adds Forexexpresstrade To Warning List
On June 20, 2022, The Bahamas Securities Commission (SCB) Issued A Warning That Forexexpresstrade 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 Confirmed After Review That Forexexpresstrade Is An Unregulated Forex Broker
Forexexpresstrade Claims To Be A Subsidiary Of Forexexpresstrade PLC, Which Is Authorised And Regulated By The UK Financial Conduct Authority (UK FCA). But We Did Not Find A Matching Result In The FCA For This Broker.
Forexexpresstrade Also Claims To Be Regulated By The Bahamas Securities Commission (SCB). But When We Looked Up Its Regulatory Information In The SCB, We Found Only One Warning Issued Against The Broker. The SCB Warned That Forexexpresstrade Was Not Authorised To Conduct Financial Business.
This Means That Forexexpresstrade Is Not Regulated By Any Regulatory Authority. It Is Not Safe To Let This Broker Hold Or Control Investor Funds, And Investors Cannot Be Protected By Any Laws. It Is A Fake Trader.
Since It Is Now Impossible To Access The Broker's Website, We Are Also Unable To Obtain More Direct Details About Its Trading Assets, Leverage, Spreads, Trading Platform, Minimum Deposit, Etc.
As For The Regulation, It Has Been Verified That Forexexpresstrade Has Not Obtained Any Valid License At Present.
But Most Non-compliant Brokers Will Not Disclose To Provide Other More Direct And True Contact Information, Such As Phone Number Or Company Address.
Note: Forexexpresstrade 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 You Invest 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.
