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AWELE FORTUNE FOUNDRY

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Risk Level - High

Scam Evidence & Warnings

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The FCA issues a warning against AWELE FORTUNE FOUNDRY On November 8, 2024, the Financial Conduct Authority (FCA) issued a warning against AWELE FORTUNE FOUNDRY, believing this company might be providing financial services or products without proper authorization in the UK. https://www.fca.org.uk/news/warnings/awele-fortune-foundry

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BrokersView has reviewed that AWELE FORTUNE FOUNDRY is an unregulated broker The template used by this website is a common template for fraudulent websites and has been marked by Brokersview many times before. In addition, it displays a registration certificate of Companies House (CH) on its website. In order to exercise foreign exchange rights in the UK, it is necessary to obtain the approval of the Financial Conduct Authority (FCA). Then, ridiculously, we found that the the Financial Conduct Authority (FCA) issued a warning against AWELE FORTUNE FOUNDRY, believing this company might be providing financial services or products without proper authorization in the UK.In essence, AWELE FORTUNE FOUNDRY is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.AWELE FORTUNE FOUNDRY appears to be a scam.

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BrokersView has identified that AWELE FORTUNE FOUNDRY's website is currently offline BrokersView found that the domain "https://awelefortunefoundry.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.

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I think AWELE FORTUNE FOUNDRY is a scam? Dear Investor,Thank you for your message. Our research indicates that AWELE FORTUNE FOUNDRY might be a scam.The company claims to be registered with Companies House (CH) to establish its legitimacy and credibility. However, it is crucial to note that financial firms are obliged to get authorization from relevant financial authorities before soliciting investors. AWELE FORTUNE FOUNDRY apparently fails to do so, prompting a warning from the major British financial watchdog, the Financial Conduct Authority (FCA), which flagged it as an unauthorized firm.Therefore, we strongly suggest you avoid using AWELE FORTUNE FOUNDRY for your funds' safety. For a safer trading environment and peace of mind, we recommend choosing fully regulated brokers. View Source

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