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ChartChampions

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Risk Level - High

Scam Evidence & Warnings

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The UK regulator FCA issued a warning against ChartChampions The Financial Conduct Authority (FCA) issued a warning against ChartChampions on Mar 24, 2023 after finding it providing financial products or services in the UK without authorization: https://www.fca.org.uk/news/warnings/chartchampions

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BrokersView has reviewed that ChartChampions is an unregulated broker ChartChampions claims to be regulated by the Australian Securities and Investments Commission (ASIC). However, our search for this broker in ASIC's registry did not yield any results. That means what ChartChampions claims on its regulatory status is a false statement to unsuspecting investors. In addition, the Financial Conduct Authority (FCA) has issued a warning against ChartChampions, believing it might be providing financial products or services in the UK without authorization.The truth is, ChartChampions 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 ChartChampions's website is currently offline BrokersView found that the domain "https://www.chartchampions.online/home/" 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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How can I get in touch with staff in customer services? ChartChampions is an unlicensed broker even though it states offers that look too good to be true.ChartChampions claims to be globally licensed and regulated but presents no further details on its regulatory status, a distinct characteristic of unlicensed brokers, as legit brokers always present their accreditation and licenses in a prominent position. Besides, this broker tries and implies their legitimacy by mentioning the Australian Securities and Investments Commission (ASIC) on "about" page. However, our search for this broker in ASIC's registry did not yield any results. In addition, the Financial Conduct Authority (FCA) has issued a warning against ChartChampions, believing it might be providing financial products or services in the UK without authorization. You can check the full warning from here.Regarding your question, we would suggest not to trade with ChartChampions. Because it is an unregulated broker although they provide users with many ways to contact, such as live chat, WhatsApp, and Email address. Letting this broker hold and control you funds or trading with them is very risky, as there are no safeguards in place to prevent fraud or theft. Therefore, we would recommend staying away from such unlicensed brokers as ChartChampions and trade with fully regulated brokers. View Source

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