FCA Trades: customer reviews and overall business overview
**FCA Trades: customer reviews and general overview of activities**
Choosing an honest broker is not an easy task, especially when there are so many scammers in the market. However, we provide an opportunity to figure this out in our review dedicated to the broker FCA Trades. We will look at the main aspects of attention, analyze the presence of licenses, and study real customer reviews.
Official website of FCA Trades: key information
The originality of the FCA Trades platform raises doubts, as it is done according to a typical template, which can be a cause for concern. Such uniformity often indicates dishonest activities typical of fraudulent websites.
The broker’s experience is an important indicator of its reliability. Companies with many years of experience usually work honestly, unlike recently emerged “kitchens” prone to fraud and quick closure after an abundance of negative reviews.
According to FCA Trades, their history dates back to 2017, although the exact place of origin is not specified.
Data in the Whois database refutes this fact: the domain was registered only in August 2021 for one year. All reviews about FCA Trades are also dated no earlier than August.
The official legal address of the company is indicated in Switzerland at the specified Vispplatz 72b 2263 Rapperswil-Jona. However, this address corresponds to another broker with an identical website design, confirming the presence of fraudulent activity.
Regulatory bodies overseeing the activities of FCA Trades
Despite claims of a significant number of licenses from FCA Trades, including mentioning regulators from Dubai and South Africa, verifying their existence is almost impossible. This fact indicates the likely falsehood on the part of the company.
Checking information on licensing indicates the absence of such an organization in the databases of the British, Australian (ASIC), and Mauritian regulators. This confirms the unreliability of FCA Trades’ statements. The license of the Central Bank of Russia for clients from the Russian Federation is important, but in the case of FCA Trades, such a license was not found.
What FCA Trades offers traders: overview of conditions and accounts
FCA Trades claims the possibility to start trading with as little as $150, offering a low entry threshold.
However, questions arise regarding the conditions for other accounts, as well as the amount of required investments to start trading. In addition, a huge leverage can lead to a quick loss of the deposit, so limiting leverage is important to reduce traders’ risks.
FCA Trades provides access to trading stocks, currencies, metals, indices, commodities, and cryptocurrencies. Despite the apparent variety of instruments, without a reliable liquidity provider, this may be unproductive. The lack of information about the trading platform used also raises suspicion.
What customers say about FCA Trades in reviews?
Many reviews about FCA Trades indicate the company’s dishonest activities and use of a scam scheme. Customers share negative experiences with the broker.
Why should you avoid interacting with FCA Trades?
FCA Trades is another example of a scam that lacks registration, licenses, and is negatively evaluated by customers. Be vigilant and check all available information about the broker before investing funds.