The UK FCA issued a warning against DURBAN TRADEFX On July 20, 2023, the Financial Conduct Authority (FCA) issued a warning against DURBAN TRADEFX, believing this broker might be providing financial services or products without proper authorization. https://www.fca.org.uk/news/warnings/durban-tradefx

BrokersView has reviewed that DURBAN TRADEFX is an unregulated broker DURBAN TRADEFX claims to be operated by the SKYNEST CAPITAL INVESTMENT LTD, a company registered with the Companies House (CH) under company number 13788032. While it is true that we have located a firm of that name on the CH register, it is crucial to note that the CH only serves as a registrar of companies in the UK and has no authority to issue financial licenses. Mere registration with the agency doesn't imply being authorized to legally offer financial services/products.Furthermore, the UK Financial Conduct Authority (FCA) has added DURBAN TRADEFX to its warning list for illegally engaging in investment business without their authorization.In essence, DURBAN TRADEFX is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.

BrokersView has identified that DURBAN TRADEFX's website is currently offline BrokersView found that the domain "http://www.durbantradefx.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.

What minor currency pairs does it offer? An unlicensed broker warned by a financial regulator, DURBAN TRADEFX comes with significant risks, such as financial losses and identity theft. As such, we strongly suggest you drop the plan to engage with this fraudulent platform.Regarding the company information, DURBAN TRADEFX solely claims to be operated by SKYNEST CAPITAL INVESTMENT LTD, a company registered with the Companies House (CH) under company number 13788032. While matching records do exist on the CH register, it is crucial to note that the CH only serves as a registrar of companies in the UK and has no authority to issue financial licenses. Mere registration with the agency doesn't imply being authorized to legally offer financial services/products.Furthermore, the UK Financial Conduct Authority (FCA) has added DURBAN TRADEFX to its warning list for illegally engaging in investment business without their authorization.In conclusion, investors using DURBAN TRADEFX would be exposed to high stakes, which could be financially and personally devastating, as there are no rules in place to safeguard investors' interests. To protect yourself from such risks, we highly recommend avoiding unlicensed brokers like DURBAN TRADEFX and instead choosing a fully regulated one. View Source