FXT24 Review

Reason to avoid: No license

Listed Date: August 30, 2018

Top 3 Regulated Forex Brokers

  • Company name: FXT24 Ltd
  • Registration/license: None
  • Registration/license requirement: –

FXT24 is a web-based Foreign exchange brokerage. The info on the website says that the company operates from London, United Kingdom. Although the company is not regulated in the UK. As to the regulation, they say that FXT24 brand is authorized and regulated in various jurisdictions. So they mention jurisdictions without naming them and without giving out any kind of legal info about their licenses. We don’t recommend dealing with this broker, as the biggest issue is regulation, meaning – the lack of it. In addition, FXT24 was also blacklisted by the Spanish regulator CNMV. We recommend you to trade with serious and reliable regulators, such as FCA in the UK and FMA in New Zealand. For example, the license from UK’s Financial Conduct Authority requires EUR 125,000 of capital (aside from client deposits) for the STP license. The regulator also protects customers when authorized financial services firms fail. Here you may check our list of brokers licensed by the FCA.

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