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Flextrader

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Operating status: SCAM

Website: https://flextrader.co/

Broker violations and abnormal records
  • 2024-06-03 BaFin issues a warning against Flextrader

    On Jun 3, 2024, the Federal Financial Supervisory Authority (BaFin) warned consumers about the services offered by the company Flextrader (flextrader.co), which is offering financial and investment services without the required authorization. https://www.bafin.de/SharedDocs/Veroeffentlichungen/EN/Verbrauchermitteilung/unerlaubte/2024/meldung_2024_05_28_IceGooseLLC_en.html;jsessionid=EAF950B3E8549F17E2115B3904A491B2.internet012

  • 2024-06-05 BrokersView has reviewed that Flextrader is an unregulated broker

    According to its website, it is operated by Ice Goose LLC and located in the UK. Upon investigation, no matching information was found in the Financial Conduct Authority (FCA).

    In addition, the Federal Financial Supervisory Authority (BaFin) warned consumers about the services offered by the company Flextrader (flextrader.co), which is offering financial and investment services without the required authorization.

    The truth is that Flextrader is not regulated by any regulators. Letting it hold or control investors' money is unsafe, and the money can not be protected by any laws.

    Flextrader is a scam.

    According to its website, it is operated by Ice Goose LLC and located in the UK. Upon investigation, no matching information was found in the Financial Conduct Authority (FCA).In addition, the Federal Financial Supervisory Authority (BaFin) warned consumers about the services offered by the company Flextrader (flextrader.co), which is offering financial and investment services without the required authorization.The truth is that Flextrader is not regulated by any regulators. Letting it hold or control investors' money is unsafe, and the money can not be protected by any laws.Flextrader is a scam.

Related Complaints

Q&A

What's the largest leverage on Flextrader?

bdforext
Bangladesh
2024-07-05
ANSWER It is strongly advised to steer clear of Flextrader, an unregulated broker.The website of Flextrader claims it is managed by Ice Goose LLC and based in the UK, but a search reveals no records with the Financial Conduct Authority (FCA) to support this.Moreover, the Federal Financial Supervisory Authority (BaFin) has issued a consumer warning about Flextrader's offerings, citing the company's lack of authorization to provide financial and investment services.It appears that Flextrader may be conducting fraudulent activities. To have a safer trading environment and a peaceful mind, investors are highly recommended to choose fully regulated brokers over unregulated ones like Flextrader.
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I'm in UK, do Flextrader accept UK customers?

lara jim
United Kingdom
2024-06-06
ANSWER Flextrader is not authorized by the Financial Conduct Authority (FCA), and we strongly advise against using this unauthorized broker. The Federal Financial Supervisory Authority (BaFin) has also issued a warning against Flextrader due to its lack of authorization, which serves as a red flag for potential fraudulent activities.According to BaFin, Flextrader is not only unregulated, but its website bears a striking resemblance to those of suspicious brokers that BaFin has previously targeted. These factors collectively suggest the fraudulent nature of this trading platform.Considering the significant risks associated with Flextrader, we urge investors to avoid it in order to protect themselves from potential fraud schemes. For a safer trading environment, we highly recommend choosing brokers that are fully regulated.
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