FXT Traders Broker Alert

FXT Traders

On May 18th, 2024, the BrokerComplaintRegistry received a notice about a possible scam. The forex broker in question goes by the name: FXT Traders, possibly found at fxt-traders.ltd. This broker exhibits red flags that will put your investment at risk. The biggest concern is the lack of regulation by a reputable financial authority. Regulated brokers are subject to stricter rules designed to protect investors, and their absence from FXT Traders raises serious doubts about their legitimacy. Several online resources (such as BrokerChooser) and negative reviews also warn against FXT Traders due to potential safety issues. There is a lack of information regarding their services, area of operation, and ownership. Given the red flags, it is highly recommended to explore established and regulated brokers. 

If you have been scammed, file a complaint with local financial regulatory bodies (e.g., FCA in the UK, ASIC in Australia, SEC in the US) and be sure to gather all records of communication, as well as information about the platform. 

Report the case to the BrokerComplaintRegistry to receive further assistance and support.