WikiFX Scam Alert: FCA Warns Against RetroFxProfit!!!

Investors who are still trading forex at RetroFxProfit had better quit trading ASAP!!! Investors who have been deceived by this broker please contact WikiFX to help you recover your funds!!!

To start with the most essential, you may check the recent warning issued on November 1stby the Financial Conduct Authority (FCA) in the UK against RetroFxProfit (www.retrofxprofit.com) on the screenshot below (source: https://www.fca.org.uk/news/warnings/retrofxprofit):

“This firm is not authorized by us and is targeting people in the UK. You will not have access to the Financial Ombudsman Service or be protected by the Financial Services Compensation Scheme (FSCS), so you are unlikely to get your money back if things go wrong”, the FCA warning reads.

Furthermore, on its official website www.retrofxprofit.com, the broker claims to be based in the United States and also claims to be regulated by the Cyprus Securities and Exchange Commission (CySEC).

Bear in mind that if “the broker” was truly based in the U.S. it should have also been licensed and authorized as a Futures Commission Merchant (FCM) and a Foreign Exchange Dealer (FED) by the local Commodities Futures Trading Commission (CFTC) in addition to being accepted as a member of the National Futures Association (NFA). And RetroFxProfit is clearly not regulated there either – WikiFX made the effort and checked the NFA & CFTC registers but in vain, no company or broker by the name of RetroFxProfit was listed there.

In addition, the claim to be authorized by CySEC also turned out to be a hoax – the broker holds no sort of license, and that can be proven by a quick check in the registers of CySEC.

In conclusion, trusting a broker like RetroFxProfit is simply not worth it – you will certainly end up robbed. The so-called brokerage is nothing more than an outright scam, which is in the spotlight of a recent investigation by the British financial authorities, who have already blacklisted the website for targeting UK customers without proper authorization.

WikiFX reminds you that forex scam is everywhere, you'd better check the broker's information and user reviews on WikiFX before investing. You can also expose forex scams on WikiFX. WikiFX will do everything in its power to help you and expose scams, warn others not to be scammed.

WikiFX keeps track of developments, providing instant updates on individual traders and helping investors avoid unscrupulous brokers. If you want to know whether a broker is safe or not, be sure to open WikiFXs official website (https://www.WikiFX.com/en) or download the WikiFX APP through this link (https://www.wikifx.com/en/download.html) to evaluate the safety and reliability of this broker!