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BarclaysAG, trusted site or scam.
Anubavsheik
Swiss
2024-06-12
ANSWER BarclaysAG is not trustworthy.The brand's recent domain registration in April 2024 contradicts its global claims. It lacks licensing information, which is a potential scam sign. It provides a Companies House (CH) number for authenticity, but it is critical to note that this registration doesn't equate to authorization from the Financial Conduct Authority (FCA). There are no records from the FCA to substantiate the entity's legitimacy in the financial industry.In addition, the Federal Financial Supervisory Authority (BaFin) has issued a warning about unauthorized services on barclaysag.com, particulary noting its similarity to dubious platforms.All these signs lead to the conclusion that BarclaysAG is not regulated and thus poses substantial risks. For a safer trading environment, it is highly recommended to choose fully regulated brokers over unregulated ones like BarclaysAG.
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Do you recommend BarclaysAG?
Andreas Kisaan
Austria
2024-05-28
ANSWER We strongly advise against using BarclaysAG, an unlicensed broker.The registration details provided by BarclaysAG with the Companies House (CH) are insufficient to establish its legitimacy in the forex market. Furthermore, there is no compelling evidence to suggest that it is the rightful owner of this registration. Despite its claims of being based in the UK, there are no signs that it is registered with the Financial Conduct Authority (FCA).Adding to the concerns, the Federal Financial Supervisory Authority (BaFin) has issued a warning about BarclaysAG. The warning states that the operator is offering financial and investment services on its website without the necessary authorization. BaFin also points out that BarclaysAG's website is identical to a number of suspicious financial websites.Given these circumstances, BarclaysAG poses significant risks of fraud and identity theft. To safeguard their funds from fraudulent schemes, investors are advised to avoid unlicensed brokers like BarclaysAG and opt for fully regulated ones instead.
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