ANSWER TradeFCM is an unlicensed broker even though it offers seemingly attractive deals.TradeFCM claims to be located in the United Kingdom while providing no information about its regulatory status, a big red flag, as legit brokers always display their accreditation and licenses prominently. In the UK, brokers are required by law to be authorized by the Financial Conduct Authority (FCA) to provide financial services or products. However, our search for this broker in FCA registry did not yield any results. This means that it is not regulated.Regarding your question, TradeFCM is not regulated. Letting this broker hold and control your funds or trading with it is very risky, as there are no safeguards in place to prevent fraud or theft. Therefore, we strongly suggest investors avoid dealing with unlicensed brokers like TradeFCM and choose fully regulated ones instead.
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