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Abstract:FCA and the Financial Commission released statements about INVESTING4YOU (https://investing4you.co.uk/).
When forex trading is becoming increasingly popular, scammers seem to have learned more advanced techniques to defraud clients. Concealing their identities and building flashy websites that look like legitimate trading platforms, phony brokers make clients lose hundreds of thousands of dollars each year are some of the ways to cheat you out of your hard-earned money. An example is INVESTING4YOU
INVESTING4YOU - A Quick Overview
Investing4You (https://investing4you.co.uk/) is a UK-based offshore brokerage business. The firm offers investing and fund management services across a wide range of asset classes, including FX, equities, commodities, and cryptocurrencies. The firm provides no information regarding its launch, supported platforms, or accessible payment methods, but promises to be your best choice if you want to make money quickly.
Is INVESTING4YOU Regulated?
No! Investing4You is not regulated anywhere in the globe. Because the firm is registered in the United Kingdom, we decided to search the FCA's database to prevent making false accusations. After using different keywords to search the broker on the FCA register, no matching results were discovered save for a warning issued against it, confirming that the business does not have FCA rules.
FCA And The Financial Commission Statement Against INVESTING4YOU
The Financial Commission as well as the FCA have also added the broker to the warning list. But the company continued offering unauthorized services in different parts of the world, including the UK. However, recently the domain has been taken down as per the directives of the FCA.
Final Word
Although the broker's domain has become inaccessible, the company may return to the business with a new identity. It's always a good idea to be cautious when dealing with financial firms or brokers, especially online. There have been instances of scams in the past where unscrupulous individuals or companies have taken advantage of investors by offering fake or fraudulent investment opportunities. To protect yourself, you should always do your due diligence and research any firm or broker before investing with them. This includes checking to see if they are regulated by a reputable organization and reading reviews or asking for recommendations from trusted sources. It's also a good idea to diversify your investments and not put all your eggs in one basket, as this can help reduce the risk of losses due to fraud or other negative events.
Use WikiFX App more often to avoid landing on fraud brokers. You can also contact WikiFX Support if necessary.
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Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
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