FCA Joins ASIC and Other Bodies in Warning of 4XFX

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FCA Joins ASIC and Other Bodies in Warning of 4XFX

According to a warning issued by the UK Financial Conduct Authority (FCA), UK investors have been warned not to obtain any financial services from 4XFX as it is not a broker licensed to operate in the UK or any other country.

4XFX provides investors with a multitude of trading assets including securities, derivatives, cryptocurrencies, precious metals, other commodities and stocks.

A brief review of the broker's website reveals that it says its head office is in Estonia, and in the "Contact Us" section it refers to other global contacts. However, we did not find any records of the broker indicating that it was ever subject to regulation by the Estonian Financial Supervisory Authority or any other regulator.

This is not the first time 4XFX has raised concerns with regulators. Earlier in January, ASIC, the Australian financial watchdog, issued a warning about the multi-asset broker, which is owned and operated by GRF EUROPE OU, based in Berlin, Germany. Furthermore, 4XFX has been included in the cautionary list of Estonian and Spanish regulators.

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