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flextrader

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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.

I'm in UK, do Flextrader accept UK customers?

lara jim

United Kingdom

Jun 06, 2024

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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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.