TRUSTFX LIVE appears to be operating without the required licenses, which is a strong indicator of a potential scam.
Upon reviewing its website, we found that TRUSTFX LIVE claims to be located in the UK. However, the address it provides, 2 FREDERICK STREET, KINGS CROSS, LONDON, WC1X 0ND, is shared by 1891 companies (as of the time of this writing). This suggests its intention to conceal their real location. Lack of transparency is a red flag.
Moreover, TRUSTFX LIVE has not obtained the necessary authorization from the Financial Conduct Authority (FCA) before soliciting investors. This failure to adhere to UK law has elicited a warning from the FCA itself.
Therefore, trading with TRUSTFX LIVE is highly risky. Its clients are not protected by rules and regulations. If it were to shut down the platform or disappear, victims would have no way to contact its team and recover their funds, which could be devastating. To safeguard their interests, traders are advised to steer clear of TRUSTFX LIVE and other unlicensed brokers. Instead, they should choose fully regulated brokers with solid reputations. Always remember to do thorough research before engaging with any online trading platforms.
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