FMA recently warned these brokers – Read Express Trade Market review, M23trading Limited review, and Tradesafer review

Express Trade Market review, M23trading Limited review, and Tradesafer review – Recent Alerts on Financial Platforms

Express Trade Market Review – Details of Express Trade Market

Website: http://expresstrademarket.com/

Website Availability: No

Official Address: NA

Regulation: Unregulated

Recently, ExpressTradeMarket has come under investigation following alerts from credible financial regulators. Notably, the platform has been the subject of alerts from the Financial Markets Authority (FMA) in New Zealand. Significant issues are raised by ExpressTradeMarket’s deceptive assertion that it is governed by the U.S. Securities and Exchange Commission (SEC). As of right now, no credible information is available regarding the company’s legal or regulatory status. The risks connected with this platform are increased by its lack of transparency and false claims. Before using ExpressTradeMarket, investors are recommended to use caution and obtain information from trustworthy sources.

M23trading Limited Review – Details of M23trading Limited

Website: https://m23trading.com/

Website Availability: Yes

Official Address: NA

Regulation: Unregulated, Clone

M23trading Limited is an online trading platform accessible via its website. However, it operates as an unregulated entity and has been flagged as a clone by regulatory authorities. Notably, the Financial Markets Authority (FMA) of New Zealand has issued warnings about this firm, indicating potential risks associated with trading through them. Given the lack of regulatory oversight and the warning from a reputable authority, caution is advised for anyone considering engagement with M23trading Limited. Always ensure thorough research and consider regulated alternatives for a safer trading experience.

Tradesafer Review – Details of Tradesafer

Website: www.tradesafer.com

Website Availability: No

Official Address:42 Rue Du Rhone, 1204 Geneva, Switzerland 1204; 30 St Mary Axe, London EC3A 8EP, UK

Regulation: Unregulated

Tradesafer, available at www.tradesafer.com, is currently not accessible. The company claims official addresses in Geneva, Switzerland, and London, UK. However, it operates without regulatory oversight, as it is unregulated. Notably, the Financial Markets Authority (FMA) of New Zealand has issued warnings about Tradesafer, signaling potential risks associated with their services. Potential investors should exercise caution and consider seeking alternative, regulated options for trading.

Regulatory Status and Warnings

To safeguard your finances, it’s essential to comprehend the rules, legislation, and any potential warning signs about financial platforms. A company’s or service’s regulatory status shows whether it is registered with and subject to regulation by the appropriate financial authorities. A regulated organization follows strict rules intended to safeguard customers, ensuring openness and equity in its business practices.

Warning frequently draws attention to risks or problems that may affect people. These could include the possibility of significant volatility, the potential for losses that exceed original investments, or the existence of regulatory issues. It is important to pay attention to any warnings that consumer protection or regulatory agencies provide. These alerts are usually sent out when a platform is thought to be operating without the required authorization, using deceptive tactics, or seriously endangering users.

Always check the regulatory status of any financial service before using it, and be mindful of any accompanying cautions. This attentiveness ensures a safer investing experience by reducing hazards.

How to Claim a Refund from a scam?

If you have sought but failed to recover your money from the scam, gather your supporting proof. Keep copies of every correspondence as proof of your payment demands. If they halt or refuse, initiate the chargeback process immediately. Inform the bank about suspicious business practices and the absence of a license.

Because of the inability to chargeback, wire transfers are a tough means to recover money. Making a complaint and contacting the authorities are the most effective strategies to escalate the problem. This strategy frequently leads to the reevaluation of refund decisions. If you do not receive your money back, file a detailed fraudulent report and email it to the company, stating that you will send it again. Please contact fraud complaints if you need any assistance.

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