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Abstract:Once again alerting lovers of the forex market, FCA issued a warning on April 12 on its official website against OPEXTRADE! FCA stated that this firm is providing financial services or products to the public without FCA’s authorization.
Once again alerting lovers of the forex market, the FCA issued a warning on April 12 on its official website against OPEXTRADE! FCA stated that this firm is providing financial services or products to the public without FCA's authorization.
The FCA warned people not to invest with this broker. However, if they do so, they must be aware of potential scams. FCA said this firm is targeting UK citizens. A firm or broker must have FCA authorization to sell, offer, or promote any financial services in the UK. But Opextrade does not follow this rule. This is the reason why it is risky to invest with this broker.
According to the Opextrade website, Opextrade is the leading financial establishment providing high-quality international investment services. Opextrade Address: 11 Terrick Road, ELILAWNE, NB, 9BN Consumers can contact with the broker via Email: support@Opextrade.net and Tel: +44337477474
But FCA also advised customers to be careful, as some firms may give incorrect contact details, including postal addresses, telephone numbers, and email addresses. They may change these contact details over time. They may also give you details that belong to another business or individual, so the information looks genuine.
When we searched for this broker on wikifx, We found that this broker has the lowest score and does not have any regulation. Lowest scoring and no regulation is warning for you. Also, we searched for its review on the internet, and here is what we found.So be careful, and we do not suggest you to choose this broker. Also, if one of the best regulators in the world has issued a warning against this firm then you need to be cautious.
FCA , is one of the best financial regulators in the world. Financial Conduct Authority (FCA) is a regulatory body in the UK that oversees financial markets and ensures that financial institutions operate in a fair and transparent manner. 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.
Install the WikiFX app on your smartphone to stay updated with similar latest news. WikiFX is a global forex broker regulatory enquiry platform that has investigated and reviewed more than 40,000 brokers, collaborating with more than 30 national regulators. To learn more about the security and reliability of your chosen brokers, visit www.wikifx.com or download our free app from Google Play or app store.
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.