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Arcofx

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Risk Level - High

Scam Evidence & Warnings

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The UK FCA Added Arcofx into Its Warnings On 10 Feb 2022, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that Arcofx is providing financial services or products in the UK without authorisation. You may visit: https://www.fca.org.uk/news/warnings/arcofx

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BrokersView has Reviewed that Arcofx is an Unregulated Forex Broker Arcofx claims to be a reliable broker without presenting any information about its regulation. The lack of such important information may be a distinct signal of an unlicensed broker, as regulated brokers always present their accreditations and licenses in a prominent position. It is a red flag. Arcofx presents a telephone number that belongs to Dubai as a contact. So we searched DuBai Financial Services Authority (DFSA) but did not find any matching results. That means Arcofx is not regulated in Dubai. Arcofx also claims to be located in the UK. As per United Kingdom law, all firms and individuals offering, promoting, or selling financial services or products in the UK shall be authorized by the United Kingdom Financial Conduct Authority (UK FCA). However, we only found a warning against this broker in UK FCA.UK FCA warned that Arcofx is providing financial services or products in the UK without authorisation.The truth is that Arcofx 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.

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BrokersView has found that Arcofx is not working BrokersView found the domain "https://arcofx.com/" is not working, as most probably it was suspended and it is always a bad sign when broker's website is suspended.

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Should I trust this platform? Arcofx is not a licensed or regulated broker even though it states offers that look good to be true. Arcofx claims to be a reliable broker without presenting any information about its regulation. The lack of such important information may be a distinct signal of an unlicensed broker, as regulated brokers always present their certificates and licenses in a prominent position. It is a red flag. Arcofx also claims to be located in the UK. As per the United Kingdom law, all firms and individuals offering, promoting, or selling financial services or products in the UK have to be authorized or registered by the UK Financial Conduct Authority (FCA). We did searching in FCA and only found this firm had already been warned by FCA for providing financial services without authorization. You can check the full warning from here.The truth is, Arcofx 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 Arcofx and trade with licensed brokers. View Source

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