Is ensuredfxtrade a legit site and broker?

By Raul, from United States, November 2, 2021 at 04:04 PM

I recently invested $500 in and now they want more money. If this a real broker. Hoping its not a scam but feel like it is.

Answer: Hi Raul,

Ensured FX Trade does not seem to be a legit broker, as the information on the broker’s website is not full and not certain. The broker claims to be located in the US, but does not mention holding a US license for forex trading. Then we checked the terms and conditions and the whole new information was discovered, because now the broker is registered under the UK’s government. However, again, no information of being regulated in the UK. We assume the company is not regulated and should be avoided. We would highly recommend to stop investing with Ensured FX Trade and try to withdraw your initial investment as soon as possible.

We never advise trading with a non-licensed broker, since the financial investment service they deliver is not trustable. The reason is simple, the broker may promise the most ever competitive trading conditions or the trading environment, yet the trader has no any guarantee from the official entities that oversee the Forex industry. Thus the engagement to trading with such a companies means the trader will believe only on the broker’s words, and of course, it is a high risk.

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