Hello!
If I’m an investment broker or not you returned my money broker does not profit from the trading Where can I complain to?
Broker is regulated by Cysec
Is regulatory oversight on financial fraud broker of users is responsible?
Can I get my money back, and beneficial?
Whether regulators can reclaim money lost?
Thank You
PrivateFX, Newforex, FXGlory, XM, Grand Capital, FortFS (TradeFort) - beware of these companies.
Hi. Are you connected to FxPro in any way or is your choice of name just a coincidence?
Hello. No, my nickname just a coincidence, I have no relation to this company.
I would add Ayondo Markets Ltd to the list of scam brokers. The FCA recently issued a warning about them being a clone of the legitimate, licensed broker ayondo markets Limited. The clone is using the information of the original company, trying to convince clients they’re either the same or associated with them when they have nothing to do with each other.
The New Zealand regulator FMA warned about the broker FXUM, also known as Union Markets LTD, is misleading its clients that they are registered and regulated in the country when they are not.
The FCA recently issued a warning against a broker called Prest & Grove. They are providing financial services without authorization, they have address in London and are targeting UK citizens as potential clients, claiming that their clients’ money will not be handled by the broker and will be held in a FCA/SRA registered custodian account. The company’s registration number, however, does not figure neither in the Financial Services Register, nor in the UK Companies House registry.
FXCM is not a scam. FXCM is an established broker. I think the reason they are doubting it is because they were fined $200,000 for failing to report their data and dealing with an unregistered firm. Thats the only reason, but its not entirely a scam!
The FCA has issued a warning against the RBS Bourse binary options broker. According to the watchdog, the company is not licensed to provide financial services and advice in the UK, but has been targeting people in the UK residents. The FCA also notes that RBS Bourse does not have an affiliation with RBS Asset Management, a subsidiary of the Royal Bank of Scotland.
The binary options broker’s website is in French, and it has been added to the warning list of the French AMF. Apparently it also closely resembles the websites of a number of other brokers on the French list too.
New Zealand’s watchdog, the Financial Markets Authority (FMA), has added United Global Holdings Limited to its warning list of suspect brokers. The company trades as FX United and according to the FMA, it falsely claims it is endorsed and highly regulated by the watchdog.
The FMA notes that it does not legitimate or endorse any entity in this manner and recommends New Zealand consumers to be extra careful when dealing with any business claiming to be endorsed by the agency.
Find one that doesn’t have a dealing desk
I would add any ‘Ayondo’ to that list of bad/scam brokers they are shocking
Be wary of Trade24. Ontario’s provincial regulator, the Ontario Securities Commission (OSC),has added the Trade24 forex broker to its warning list, but apart from that multiple regulators all over the world have issued warnings againgst them - the Belize one, the New Zealand one and the British FCA have all blacklisted them.
The Italian regulator CONSOB issued a warning against the SunbirdFX broker, as well as its multiple owners, namely - Spring Empire Solutions Ltd, with head office in London, Spring Strategies Ltd, with head office in Dominica and Sunbird International Limited, with head office in the Seychelles as not authorized to provide financial services in Italy. SunbirdFX also seems to have been previously owned by the London-based Spring Empire Solutions Limited. Last October UK’s Financial Conduct Authority has warned against this company.
Kindly add XM to the list, scam broker after clients deposits, will do any thing to get your money, just found out they got FCA licensed, I wonder how the FCA got so cheap, it is very easy now for rich scammers to get FCA approval since requirements can be manipulated by smart crooks.
XM will manipualted everything possible to swindle your deposit especially once you start withdrawing profits, seems a trigger is sent once you withdraw net profit and viola! you are newest enemy within…
How can these scammers be stopped. HELP PLS, FCA?
(ok, XM is already on your list. BEWARE AND RUN AWAY FROM XM AND THE LIKES, KILLER BROKERS)
Just saw this scam post and was about to reply when i noticed the user has been banned- thumbs up for babypips for that!.
ALL what the user posted is utter rubbish and most likely the user in an employee of such scam brokers who take up positions against client and will manipulated charts, spreads, freeze platform etc just to make sure you lose your deposit( ie XM - did this me)
Best reply EVER! what do you if you become a victim of such malicious manipulations?
Do they also offer protection for non-uk citizens? Can I file a complaint if I’m outside of UK?
Yes, as long as your broker is in the UK.