Abstract：The British regulator FCA issued official warnings against LEGACY TRADES and INFINITY-SAVINGS.XYZ on December 6th!!!
To make things straight from the very beginning, on our next screenshots you may check the recent warnings issued on December 6th against 2 Illegal brokers, namely LEGACY TRADES and INFINITY-SAVINGS.XYZ, by the Financial Conduct Authority (FCA) in the UK. The FCA, one of the best financial regulatory bodies in the world, has found reasons to distrust these 2 brokers and has issued warnings on them – something that can definitely damage the reputation of even the best of brokers. Take a look:
According to the FCA, neither LEGACY TRADES nor INFINITY-SAVINGS.XYZ is authorized to offer financial services in the UK. In fact, the FCA has stated that these are not licensed brokers and therefore you would not be end to any protections. Such warnings prove with almost absolute certainty that a company is running some sort of scam – so refrain from choosing shady enterprises that have received the negative attention of reputable financial authorities like the FCA. The only way to be sure that your investment is in good hands and that you would be treated fairly and in accordance with all laws would be to turn to a licensed, legitimate broker.
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!
Forex trading can be a great way to make money, but it can also be a breeding ground for scams. In South Africa, as in other countries, there are a number of unscrupulous individuals and companies that try to take advantage of unsuspecting traders. However, there are steps that traders can take to protect themselves from these scams.
The FCA has issued a warning against “AXI Corp Limited’. “AXI Corp Limited” is a clone firm of the forex and CFD broker Axi and its sister company, One Financial Markets.
WHALES FX SERVICES seems to be an online trading services, offering its clients a series of trading instruments. However, since WHALES FX SERVICESs official website cannot be opened for now, we are very struggled in obtaining much relevant information. WHALES FX SERVICES is not regulated by any regulator to support its operation, and thats why WikiFX has given it a very low score of 1.32/10. Please be aware of the risk.
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