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ExtonGlobal's websites are all closed. What's happened? Any chance to get my money back? Please.
yrs forextrader
Australia
May 16, 2024
ANSWER The closure of ExtonGlobal's websites could potentially be attributed to its fraudulent nature. It's common for scam trading platforms to shut down their websites once financial regulators detect their illicit activities. We strongly recommend that you cease all interactions with ExtonGlobal and report it to your local authorities.ExtonGlobal presented itself as a reliable trading platform, claiming to have locations in both the UK and Switzerland. However, verifications with the Financial Conduct Authority (FCA) and the Swiss Financial Market Supervisory Authority (FINMA) have found no proof of its legitimacy, indicating that its operations are likely unlawful.Furthermore, both the FINMA and the Belgian Financial Services and Markets Authority (FSMA) have issued warnings about ExtonGlobal. The warning from FINMA highlights the entity's unregistered status, while the FSMA has added it to its warning list of fraudulent platforms.We advise you to remain calm and avoid making rash decisions in light of your losses. There's a risk that your desire to recover your funds could be exploited by another type of scam known as the Recovery Room Scam. In this scam, individuals or firms falsely claim they can assist you in recovering your money, only to further deplete your resources.
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Could you please verify if ExtonGlobal is a legit broker?
Heri Ms
Kuwait
Dec 27, 2023
ANSWER ExtonGlobal is not considered a legitimate broker.The company does not provide any regulatory information, which raises serious concerns. Although its website mentions two addresses, one in the UK and another in Switzerland, there is no evidence to suggest that it has secured the necessary licenses from the Financial Conduct Authority (FCA) or the Swiss Financial Market Supervisory Authority (FINMA). Moreover, the Belgian Financial Services and Markets Authority (FSMA) has included ExtonGlobal in its warning list, identifying it as a fraudulent trading platform active in the Belgian market.Investors are advised to steer clear of any transactions with ExtonGlobal to safeguard themselves from potential fraud and identity theft. It is always safer to opt for fully regulated brokers with established reputations.
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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.

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