Abstract:The Street Fx is a broker we are comfortable calling a scam. That is on account of the firm being the subject of a warning, issued by the British regulatory body.
First of all, according to the broker‘s official website, The Street Fx claims to be London-based. At the same time, it is allegedly registered in St. Vincent and the Grenadines, an offshore jurisdiction that does not license or monitor Forex brokers. The company is just an anonymous IBC, so you won’t know who handles your money and where your funds actually are.
Furthermore, The Street Fx is a confirmed scam after the broker was blacklisted by the British regulator FCA. The authority issued a warning against The Street Fx, exposing it as fraudulent, which is irrefutable proof that the so-called brokerage is a pure scam! So, with those things considered, WikiFX confirms that you will lose money to fraud if you deposit with The Street Fx!
In addition, the trading software of The Street Fx remained unseen as WikiFX was not allowed to enter the Client Area upon registration. WikiFX duly signed up but was greeted with the message, “Our representative will contact you soon.” Thats a red flag because The Street Fx does not provide access to demo accounts for trading with virtual money – all brokers should do it!
The minimum deposit with The Street Fx is $100, a standard requirement, but The Street Fx is an exposed scam, so why dont you choose other regulated brokers that will open an account for as little as $5?
Now let's search “The Street Fx” on WikiFX APP to find out more about this broker. WikiFX is an authoritative global inquiry platform providing basic information inquiry and regulatory license inquiry. WikiFX can evaluate the safety and reliability of more than 36,000 global forex brokers. WikiFX gives you a huge advantage while seeking the best forex brokers.
As you can see, based on information given on WikiFX, The Street Fx currently has no valid regulatory license and the score is rather negative - only 1.00/10! WikiFX gives brokers a score from 0 to 10. The higher the score is, the more reliable the broker is.
Investors are advised to search relevant information on WikiFX APP about the broker you are inclined to trade with before finally deciding whether to make investment or not. If investors use WikiFX APP before investing in any broker, you will be more likely to avoid unnecessary trouble and thus be prevented from losing money! The importance of being cautious and prudent can never be stressed enough.
In a nutshell, it's not wise to invest in The Street Fx, which has been blacklisted as a scam by the Financial Conduct Authority (FCA) in the UK. WikiFX reminds you that forex scam is everywhere, you'd better check the broker's information and user reviews on WikiFX before investing. You can also expose forex scams on WikiFX. WikiFX will do everything in its power to help you and expose scams, warn others not to be scammed.
WikiFX keeps track of developments, providing instant updates on individual traders and helping investors avoid unscrupulous brokers. If you want to know whether a broker is safe or not, be sure to open WikiFXs official website (https://www.WikiFX.com/en) or download the WikiFX APP through this link (https://www.wikifx.com/en/download.html) to evaluate the safety and reliability of this broker!
In Forex Trading, Without Effective Risk Management, You Risk Huge Losses and the Complete Depletion of Your Account.
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