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BBFxTrades

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Risk Level - High

Scam Evidence & Warnings

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The UK regulator FCA added BBFxTrades to warning list The Financial Conduct Authority (FCA) issued a warning against BBFxTrades on Mar 14, 2023 after finding this broker potentially providing financial services or products in the UK without authorization: https://www.fca.org.uk/news/warnings/bbfx-trades-bbfxtradescom

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BrokersView has reviewed that BBFxTrades is an unregulated broker BBFxTrades barely presents details on its regulatory status, which is a distinct characteristic of unlicensed brokers, as legit brokers always present their accreditation and licenses in a prominent position.According to the information displayed on the website of this broker, BBFxTrades claims to be located in the United States. We hence searched for this broker on the website of the National Futures Association (NFA). But there are no matching results to BBFxTrades. Additionally, the UK Financial Conduct Authority (FCA) has listed this broker as an unauthorized firm for providing financial services or products in the UK illegally.The truth is, BBFxTrades 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 identified that BBFxTrades's website is currently offline BrokersView found that the domain "https://www.bbfxtrades.com/index.php/" 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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