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Forextimeprime
Regulator:
Forextimeprime is not a reliable broker for traders and should be avoided at all events. When searching its "Legal Docs/Terms", we found the firm presents several legal documents on its page as licensed brokers do. However, these documents are not available. When you click on them, there is no change. In fact, the entity seems scanty with relevant information missing, including license certificate, deposit&withdrawal methods and account types etc. More so, this broker does not offer funds separation guarantee and money back guarantee, which means trading on such platform is clearly a risk as your money cannot be protected.
Besides, Forextimeprime portrays itself as a legal business providing investors with forex services. But actually it is not entitled to operate on any market because it runs without a license. Viewing its homepage, the firm shows its official address is in Limassol, Cyprus. As per the Cyprus rules, any firm offering, promoting or selling financial services or products in the Cyprus has to be a Cyprus Investment Firm (CIF), which is regulated and supervised by the Cypriot financial regulator - CySEC. However, Forextimeprime isn't registered to be a CIF. What's unexpected, we found a warning against the firm issued by another financial regulator:
On 28 January 2022, the British watchdog - FCA added Forextimeprime to its alert list, saying that the firm is not authorised by it and is targeting people in the UK. In other words, the entity is an unregulated forex broker. You may click here to check full alert.
As per the evidences above, our final conclusion is that Forextimeprime is thoroughly a scam on account of running its business without any relevant license approved by a reputable regulator. Therefore, we would recommend traders to stay away from unregulated brokers and trade with licensed brokers.
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Trading FX berisiko tinggi dan mungkin tidak cocok untuk semua investor. Leverage akan menimbulkan risiko dan kerugian tambahan. Sebelum melakukan trading, mohon pertimbangkan dengan cermat toleransi Anda terhadap risiko, tingkat pengalaman, dan tujuan investasi Anda. Anda mungkin kehilangan sebagian atau seluruh investasi awal Anda; jangan berinvestasi di luar kemampuan Anda. Edukasi diri Anda sendiri tentang risiko terkait trading FX. Jika Anda memiliki pertanyaan, silakan berkonsultasi dengan penasihat keuangan atau perpajakan independen. Semua data dan informasi disediakan "sebagaimana adanya" dan hanya untuk tujuan informasi, bukan untuk trading ataupun rekomendasi. Kinerja masa lalu bukanlah prediksi akan hasil di masa depan.
Data yang terdapat dalam situs web ini mungkin tidak real-time dan akurat. Data dan harga di situs ini tidak mesti disediakan oleh pasar atau bursa, tetapi mungkin disediakan oleh pembuat pasar, sehingga harga mungkin tidak akurat dan berbeda dari harga pasar yang sebenarnya. Yaitu, harga ini merupakan harga indikatif hanya untuk mencerminkan tren pasar, dan tidak menguntungkan untuk tujuan trading. Penyedia data yang terdapat dalam Situs Web tidak bertanggung jawab atas kerugian apa pun yang Anda alami sebagai akibat dari aktivitas trading Anda atau ketergantungan pada informasi yang terkandung dalam Situs Web.


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