ANSWER Yes, Fxcompliance is a scam.Fxcompliance claims to be an American company while having an office in the UK. However, it is neither registered with the National Futures Association (NFA) nor with the Financial Conduct Authority (FCA). Our search in these two regulators' databases didn't yield any matching results. This means the offerings by Fxcompliance of financial services and products are illegal.Therefore, we strongly suggest investors stay away from unlicensed platform Fxcompliance. Individuals dealing with the fake broker are at great risks of losing their money and identity theft, which could be financially and personally devastating. Without regulatory oversight, clients of Fxcompliance are vulnerable, and may not recover their funds or get compensation from any official body, if violation occurs. To protect investors' interests, it is advisable to choose a fully regulated broker instead.
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