The UK FCA Warns that Desfxtrade is a Clone Firm On 16 Feb 2023, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that Desfxtrade was a clone firm. The fraudster was using the details of firms UK FCA authorise to try to convince people that it works for a genuine, authorised firm. You may visit: https://www.fca.org.uk/news/warnings/https-desfxtradecom-clone-fca-authorised-firm

​BrokersView has Reviewed that Desfxtrade is an Unregulated Forex Broker Desfxtrade claims to be a trusted and reliable Trading platform authorized and regulated by the Financial Conduct Authority (FCA) in the UK with FCA Register Number 113942. However, when we searched in FCA, we found the register number actually belongs to a company named "Gain Capital UK Limited." As per the regulatory details shown on the regulator, the only approved domain of the licensed firm is "www.GAINCapitalUKLtd." More important, FCA issued a warning against Desfxtrade for being a clone firm, which falsely used the details of firms the UK FCA auauthorizedo try to convince people that it works for a genuine, authorized firm.The truth is, Desfxtrade 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.

BrokersView has identified that Desfxtrade's website is currently offline BrokersView found that the domain "https://desfxtrade.com/web/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.

How long it takes to process withdrawl request in Desfxtrade? Desfxtrade is not a regulated or licensed broker for traders even though it states offers that look good to be true.Desfxtrade claims to be a trusted and reliable Trading platform authorized and regulated by the Financial Conduct Authority (FCA) in the UK with FCA Register Number 113942. However, when we searched in FCA, we found the register number actually belongs to a company named "Gain Capital UK Limited." As per the regulatory details shown on the regulator, the only approved domain of the licensed firm is "www.GAINCapitalUKLtd." More important, FCA issued a warning against Desfxtrade for being a clone firm, which falsely used the details of firms the UK FCA auauthorizedo try to convince people that it works for a genuine, authorized firm. You can check the full warning from here.The truth is, Desfxtrade 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 Desfxtrade and trade with licensed brokers. View Source