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ENCOREFX GLOBAL

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Risk Level - High

Scam Evidence & Warnings

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The UK FCA issued a Warning against ENCOREFX GLOBAL On 13 November 2023, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that ENCOREFX GLOBAL was providing financial services or products in the UK without authorisation. You may visit: https://www.fca.org.uk/news/warnings/encorefx-global

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BrokersView has Reviewed that ENCOREFX GLOBAL is an Unregulated Broker According to its website, ENCOREFX GLOBAL claims regulated by National Futures Association (NFA), upon investigation, we found that ENCOREFX GLOBAL is not an NFA member and thus not subject to the regulator's oversight. Its NFA ID is only for tracking purposes only.The United Kingdom Financial Conduct Authority (UK FCA) issued a warning that ENCOREFX GLOBAL was providing finacial services or products without authorisation.The truth is that ENCOREFX GLOBAL is not regulated by any regulators. Letting it hold or control investors' money is unsafe, and the money can not be protected by any laws.ENCOREFX GLOBAL is a scam.

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The CNMV issues a warning against ENCOREFX GLOBAL On April 29, 2024, the Comisión Nacional del Mercado de Valores (CNMV) added ENCOREFX GLOBAL to its warning list for providing investment services without authorization. https://www.cnmv.es/portal/ResultadoBusqueda.aspx?tipo=1&nombre=ENCOREFXGLOBAL

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BrokersView has identified that ENCOREFX GLOBAL's website is currently offline BrokersView found that the domain "https://encorefxglobal.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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Does ENCOREFX GLOBAL offer tight spread? We strongly advise against trading with ENCOREFX GLOBAL, an unlicensed trading platform.Although it purports to be registered with the National Futures Association (NFA), our investigation revealed that it is not an NFA member and is therefore not subject to the NFA's oversight. Its NFA ID serves only for tracking purposes. Moreover, its unlicensed investment activities have drawn a warning from the Financial Conduct Authority (FCA), further indicating the substantial risks involved.Consequently, investors who trade with ENCOREFX GLOBAL expose themselves to potential fraud and identity theft, as there are no regulatory protections in place. To protect their interests, traders are recommended to choose fully regulated brokers only. View Source

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I can't withdraw money on EncoreFx Global The encorefx global platform did not allow withdrawals and sent an email asking for an additional $2000 deposit or the account will be canceled. View Source

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ENCOREFX GLOBAL’s fee is so high, I was cheated The payee is different every time the deposit is made. This is the method of black platform fraud. Stop loss cannot be set at some points of spot gold, which makes it easy for traders to liquidate their positions. I don’t know how many people have lost their hard-earned money. View Source

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