Any broker if scam should be reported, highlighting the need for increased awareness and caution in the industry. There are many types of scams and It is crucial for investors to thoroughly research and verify the credentials of any brokerage before engaging in financial transactions. psi-markets.com Review by Refund Back Services aims to warn investors about the potential loss to their investments if they deal with psi-markets.com broker.
About psi-markets.com
Broker Website – https://www.psi-markets.com
Warning – Financial Conduct Authority (United Kingdom)
Is psi-markets.com regulated? Unregulated
Address (Registered at) – No.1 Royal Exchange, London, UNITED KINGDOM, EC3V 3DG
Domain Details -psi-markets.com
psi-markets.com claims of regulation and partnerships raise serious doubts upon closer examination. While asserting regulation under the Financial Sector Conduct Authority (FSCA), the lack of matching records in the FSCA register is concerning. Similarly, its purported partnership with the London Stock Exchange lacks concrete evidence, especially considering its recently registered domain name, psi-markets.com, in mid-January 2024.
Despite claiming to be UK-based, psi-markets.com is flagged by the Financial Conduct Authority (FCA) as unauthorized. The FCA’s warning underscores the significant risks associated with the company and advises investors to avoid it altogether.
In essence, psi-markets.com operates without regulation from any governing body. Entrusting this broker with investors’ funds is fraught with risk, as there are no legal protections in place to safeguard investments. The lack of transparency and regulatory oversight heightens concerns about the company’s legitimacy and underscores the importance of conducting thorough due diligence before engaging with any investment platform.
Investors should exercise caution and seek out regulated alternatives to mitigate the risks associated with unregulated entities like psi-markets.com
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