ANSWER No, CONFIDENCIAL FXMARKETS is unreliable because it is a scam.It provided a company number 09988800 issued by the Companies House (CH) to appear legitimate, but the company owning this number in the CH register is called Forex Strategy Ltd. Mere registration with the CH is not sufficient in supporting the legal qualification for providing financial services, and whether CONFIDENCIAL FXMARKETS is connected to Forex Strategy Ltd is unclear.More importantly, the UK financial regulatory body, Financial Conduct Authority (FCA) has issued a warning against CONFIDENCIAL FXMARKETS, saying it is an unauthorized firm illegally targeting British residents. Therefore, CONFIDENCIAL FXMARKETS is illegal.As such, BrokersView strongly suggests investors avoid CONFIDENCIAL FXMARKETS which poses significant risks to investors. Traders dealing with the platform will not get protected from fraud and theft. If any violation occurs, it could be financially and personally devastating. To mitigate such risks, it is advisable to choose a fully regulated broker instead.
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