FastBull BrokersView
Sign In

Arcofx

Save

Operating status: SCAM

Website: https://arcofx.com/

Broker violations and abnormal records
  • Feb 09, 2022 The UK FCA Added Arcofx into Its Warnings

    On 10 Feb 2022, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that Arcofx is providing financial services or products in the UK without authorisation. You may visit: https://www.fca.org.uk/news/warnings/arcofx


    On 10 Feb 2022, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that Arcofx is providing financial services or products in the UK without authorisation. You may visit: https://www.fca.org.uk/news/warnings/arcofx
  • Sep 06, 2022 BrokersView has Reviewed that Arcofx is an Unregulated Forex Broker

    Arcofx claims to be a reliable broker without presenting any information about its regulation. The lack of such important information may be a distinct signal of an unlicensed broker, as regulated brokers always present their accreditations and licenses in a prominent position. It is a red flag. 

    Arcofx presents a telephone number that belongs to Dubai as a contact. So we searched DuBai Financial Services Authority (DFSA) but did not find any matching results. That means Arcofx is not regulated in Dubai. 

    Arcofx also claims to be located in the UK. As per United Kingdom law, all firms and individuals offering, promoting, or selling financial services or products in the UK shall be authorized by the United Kingdom Financial Conduct Authority (UK FCA). However, we only found a warning against this broker in UK FCA.

    UK FCA warned that Arcofx is providing financial services or products in the UK without authorisation.

    The truth is that Arcofx is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, it is a scam.

    Arcofx claims to be a reliable broker without presenting any information about its regulation. The lack of such important information may be a distinct signal of an unlicensed broker, as regulated brokers always present their accreditations and licenses in a prominent position. It is a red flag. Arcofx presents a telephone number that belongs to Dubai as a contact. So we searched DuBai Financial Services Authority (DFSA) but did not find any matching results. That means Arcofx is not regulated in Dubai. Arcofx also claims to be located in the UK. As per United Kingdom law, all firms and individuals offering, promoting, or selling financial services or products in the UK shall be authorized by the United Kingdom Financial Conduct Authority (UK FCA). However, we only found a warning against this broker in UK FCA.UK FCA warned that Arcofx is providing financial services or products in the UK without authorisation.The truth is that Arcofx is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, it is a scam.
  • Dec 05, 2022 BrokersView has found that Arcofx is not working

    BrokersView found the domain "https://arcofx.com/" is not working, as most probably it was suspended and it is always a bad sign when broker's website is suspended.

    BrokersView found the domain "https://arcofx.com/" is not working, as most probably it was suspended and it is always a bad sign when broker's website is suspended.

Related Complaints

Q&A

Should I trust this platform?

Tuan Huynh
Haiti
Jan 31, 2023
ANSWER Arcofx is not a licensed or regulated broker even though it states offers that look good to be true. Arcofx claims to be a reliable broker without presenting any information about its regulation. The lack of such important information may be a distinct signal of an unlicensed broker, as regulated brokers always present their certificates and licenses in a prominent position. It is a red flag. Arcofx also claims to be located in the UK. As per the United Kingdom law, all firms and individuals offering, promoting, or selling financial services or products in the UK have to be authorized or registered by the UK Financial Conduct Authority (FCA). We did searching in FCA and only found this firm had already been warned by FCA for providing financial services without authorization. You can check the full warning from here.The truth is, Arcofx is not overseen by any regulators. That means your personal data or your funds in this broker are unsafe and cannot be protected by any law. We would recommend traders stay away from unregulated brokers like Arcofx and trade with licensed brokers.
See more

comments

Be the first to review.
Rate and Review

Your review

App Store

Google Play

Company Shop Application About Us Our Methodology Privacy Policy Contact Us

Risk Warning

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

Disclaimer

The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.