The Malta MFSA Added 86FXTRADE into Its Warnings On 8 Aug 2022, the Malta Financial Services Authority (MFSA) issued a warning that 86FXTRADE is not a Maltese registered company nor licensed or otherwise authorized by the MFSA to provide any investment services or other financial services which are required to be licensed or otherwise authorized under Maltese law. You may visit: https://www.mfsa.mt/news-item/mfsa-warning-86fxtrade-p240-ltd-unlicensed-exchange/

BrokersView has Reviewed that 86FXTRADE is an Unregulated Forex Broker 86FXTRADE claims to be a regulated broker under multiple regulations including the Malta Financial Services Authority (MFSA), the United Kingdom Financial Conduct Authority (UK FCA), the France Autorité des Marchés Financiers (AMF), the Germany Federal Financial Supervisory Authority (BaFin), the Italy Commissione Nazionale per le Società e la Borsa (CONSOB), the Spain National Securities Market Commission (CNMV), the Denmark FINANSTILSYNET (Danish FSA), and two made-up regulators "the US Financial Services Authority" and "the French Prudential Supervisory Authority (ACP)". Please be informed that the United States National Futures Association (NFA) is the forex regulator in the USA.We searched the mentioned regulators accordingly. The result is that we did not find any results that matched this broker in UK FCA, AMF, BaFin, CONSOB, Danish FSA, CNMV or NFA. That means 86FXTRADE is not authorized to provide financial services in the UK, France, Germany, Italy, Denmark, Spain or the USA. Moreover, we found that MFSA issued a warning that 86FXTRADE is not a Maltese registered company nor licensed or otherwise authorized by the MFSA to provide any investment services or other financial services which are required to be licensed or otherwise authorized under Maltese law.The truth is that 86FXTRADE is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, it is a scam.

BrokersView has identified that 86FXTRADE's website is currently offline BrokersView found that the domain "https://www.86fxtrade.com/" is currently inaccessible. This is widely regarded as a significant red flag, as the suspension of a broker's website often points to underlying regulatory or operational issues.

What are the relevant fees per payment method? 86FXTRADE is not a licensed or regulated broker even though it states offers that look good to be true.86FXTRADE claims to be a regulated broker with regulations in multiple authorities including:1) The Malta Financial Services Authority (MFSA);2) The United Kingdom Financial Conduct Authority (FCA);3) The France Autorité des Marchés Financiers (AMF);4) The Germany Federal Financial Supervisory Authority (BaFin);5) The Italy Commissione Nazionale per le Società e la Borsa (CONSOB);6) The Spain National Securities Market Commission (CNMV);7) The Denmark FINANSTILSYNET (Danish FSA).Besides, the broker also presents two made-up regulators "the US Financial Services Authority" and "the French Prudential Supervisory Authority (ACP)". Please be informed that the United States National Futures Association (NFA) is the forex regulator in the USA.After we searched the mentioned regulators accordingly, we did not find any results that matched this broker in FCA, AMF, BaFin, CONSOB, Danish FSA, CNMV or NFA. Moreover, we found that MFSA issued a warning that 86FXTRADE is not a Maltese registered company nor licensed or otherwise authorized by the MFSA to provide any investment services or other financial services which are required to be licensed or otherwise authorized under Maltese law. You can check the full warning from here.The truth is, 86FXTRADE is not overseen by any regulators. That means your personal data or your funds in this broker are unsafe and cannot be protected by any law. We would recommend traders stay away from unregulated brokers like 86FXTRADE and trade with licensed brokers. View Source