FCA issued warning against FX-COINTRADE

The Financial Conduct Authority (FCA) issued a warning against a firm called FX-COINTRADE. The FCA has cautioned the public not to invest with this unauthorized broker.

Name: FX-COINTRADE / FX-COINTRADE.COM

Address: 2 Lansdowne Crescent, Bournemouth, England, UNITED KINGDOM, BH1 1SA

Email: support@fx-cointrade.com

Website: https://fx-cointrade.com/

Acc. to authority this firm is not authorised by FCA but has been contacting people pretending to be an authorised firm. The FCA has also reminded investors to be vigilant when dealing with forex brokers and to conduct proper due diligence before investing any money. Investors should check the FCA's register of authorized firms to ensure that the broker they are dealing with is legitimate.

WikiFX Review

When we searched for FX-Cointrade on WiKiFX, we discovered it is an unregulated broker. Additionally, it has a low score of 1.09 out of 10. WiKiFX issued a warning thereby stating

Warning: Low score, please stay away!

It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

The current information shows that this broker does not have trading software. Please be aware!

About FCA

Financial Conduct Authority (FCA) is a regulatory body in the UK. The FCA's main role is to protect consumers by regulating financial products and services, promoting competition, and ensuring that financial firms are financially stable. The FCA also has the power to investigate and take enforcement action against firms that breach its rules and regulations.

WikiFX gives you the most recent updates related to the forex market. Dont just be a trader; be an informed trader with WikiFX.