Trustyswap Review: Is Trustyswap Legit?
In the world of finance, it is important to distinguish between genuine investment possibilities and possible frauds. This Trustyswap review provides important details to help you decide if Trustyswap is a reliable source for investments or a possible scam.
Website – https://www.trustyswap.net
Website Availability – Yes
Address – 17 Grosvenor Street, London, England, W1K 4QG UK
Warned By – Comisión Nacional del Mercado de Valores (Spain) and Financial Conduct Authority (United Kingdom)
Trustyswap Review: Domain Age –
- Domain Name: TRUSTYSWAP.NET
- Registry Domain ID: 2739437588_DOMAIN_NET-VRSN
- Registrar WHOIS Server: whois.PublicDomainRegistry.com
- Registrar URL: http://www.publicdomainregistry.com
- Updated Date: 2023-11-19T11:55:11Z
- Creation Date: 2022-11-18T21:34:26Z
- Registry Expiry Date: 2024-11-18T21:34:26Z
At first look, selecting Trustyswap as your forex broker could seem like a good idea, but more investigation shows possible concerns related to its unregulated position. Although Trustyswap presents itself as a respectable brokerage company with headquarters in the UK, traders who are thinking about using their services should be wary of the absence of regulatory control.
Unregulated Entity
Trustyswap is an unregulated entity in the forex market as it functions without authorization from regulators or monitoring. Unregulated brokers, such as Trustyswap, are not subject to the same oversight as regulated brokers, who follow certain criteria and standards established by regulatory agencies. Due to the lack of regulatory control, traders are more vulnerable to fraud, manipulation, and money loss.
Discrepancies in Representation
Despite presenting itself as a reliable UK-based brokerage company, Trustyswap’s representation is inconsistent when examined closely. The UK’s Financial Conduct Authority (FCA), a regulatory organization in charge of overseeing financial services companies and guaranteeing adherence to legal requirements, does not have the business on file. Due to its failure to register with the FCA, Trustyswap’s legality and compliance with regulations are called into doubt.
Concerns About Legitimacy
The lack of FCA registration and regulatory permission raises serious questions regarding the validity of Trustyswap’s business practices. When dealing with unlicensed brokers like Trustyswap, traders may find themselves exposed to potential fraud, fraudulent activities, and insufficient consumer protection measures. Traders who commit their assets and investments to firms that lack oversight from regulators run a greater risk of losing such investments.
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Check out the list of scam brokers 2024 here.
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