- Sep 20, 2022 The UK FCA Added FXiPro into Its Warnings
On 21 Sep 2022, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that FXiPro is providing financial services or products in the UK without authorisation. You may visit: https://www.fca.org.uk/news/warnings/fxipro
- Sep 22, 2022 BrokersView has Reviewed that FXiPro is an Unregulated Forex Broker
FXiPro 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.
In addition, the broker also claims to be located in the UK. As per United Kingdom law, almost 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 the scam in UK FCA.
The UK regulator warned that FXiPro was providing financial services or products in the UK without authorisation.
The truth is that FXiPro 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.
FXiPro 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.
In addition, the broker also claims to be located in the UK. As per United Kingdom law, almost 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 the scam in UK FCA.
The UK regulator warned that FXiPro was providing financial services or products in the UK without authorisation.
The truth is that FXiPro 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.
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