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Broadmarketcap

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Risk Level - High

Scam Evidence & Warnings

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The UK FCA Added Broadmarketcap into Its Warnings On 14 Feb 2023, the United Kingdom Financial Conduct Authority (FCA) issued a warning that Broadmarketcap may be providing financial services or products in the UK without authorization. You may visit: https://www.fca.org.uk/news/warnings/broadmarketcap

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BrokersView has reviewed that Broadmarketcap is an Unregulated Forex Broker Broadmarketcap claims to be a 100% trusted trading broker with regulatory licenses across 6 jurisdictions but not mentioning specifically in which regulatory bodies it has licensed. Besides, Broadmarketcap shows its company address is in the United Kingdom. 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).However, when we searched in FCA, we only found a warning against this broker for providing financial services or products in the UK without authorization. The truth is, Broadmarketcap is not under valid regulation by any regulators to provide investment services. Investors' funds in this company are unsafe and cannot be protected by any law. It is a scam.

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BrokersView has identified that Broadmarketcap's website is currently offline BrokersView found that the domain "https://broadmarketcap.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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