This article examines several such brokers, detailing their lack of regulation and the risks they pose to traders. In this Brokers Review, we will focus on Artosnomics, AdmiralsUnited, Kings Option Trade Ltd, and Crypto Elite Markets.
Broker Overview
Artosnomics
Website: https://sablefx.com and https://www.sableltd.cc/ Artosnomics claims to be a UK-based trading platform offering a variety of financial instruments, including Forex and Cryptocurrencies. However, there is no evidence of regulatory approval from the UK’s Financial Conduct Authority (FCA) or any other financial authority. The lack of a proper license means that investors’ funds are not protected under any legal framework, making it a high-risk platform. The Belgian Financial Services and Markets Authority (FSMA) has also added Artosnomics to its warning list.
AdmiralsUnited
https://admiralsunited.com AdmiralsUnited, a new broker that emerged in June 2024, claims to operate under various regulatory frameworks. However, upon further inspection, it appears that the broker either fabricates its regulatory status or copies information from legitimate companies. The true identity of the company remains unknown, and the Italian Companies and Exchange Commission (CONSOB) has already ordered the platform’s website to be blacked out for offering financial services illegally in Italy.
Kings Option Trade Ltd
Website: https://kingsoptiontrade.com Kings Option Trade Ltd purports to be regulated by several financial authorities, including the Cyprus Securities and Exchange Commission (CySEC). However, investigations reveal that the company has misrepresented its regulatory status by using stolen license information from legitimate companies. Kings Option Trade is unregulated, and investing with them is highly risky since there is no legal protection for investors.
Crypto Elite Markets
Website: https://cryptoelitemarkets.com Crypto Elite Markets claims to be certified by the British Virgin Islands Financial Services Commission (BVIFSC) but is not registered with any legitimate regulatory authority. This unregulated broker offers a wide range of trading instruments, including Forex, Cryptos, and more. Without proper oversight, traders’ funds are at significant risk, and no legal protections are in place for investors.
Are These Brokers Scam or Legit?
The brokers listed above—Artosnomics, AdmiralsUnited, Kings Option Trade Ltd, and Crypto Elite Markets—share a common trait: none of them are regulated by any recognized financial authority. Legitimate brokers are typically licensed by well-known regulators such as the FCA, CySEC, or the BVIFSC, ensuring that they comply with stringent financial rules and protect investors’ funds. Unfortunately, these brokers fail to meet those standards.
Conclusion
In this Brokers Review, it is clear that Artosnomics, AdmiralsUnited, Kings Option Trade Ltd, and Crypto Elite Markets are unregulated brokers with dubious practices. Traders should be cautious when dealing with these platforms, as they offer no legal protection for investors’ funds. It is highly recommended to avoid depositing money with these brokers, as the risks far outweigh any potential rewards. Always ensure that the broker you choose is regulated by a reputable financial authority to protect your investments.
Scams Report Review: Finance Advice, Handelsrummet, AxiaGroup, and Pivot Capital
Scams Report, a trusted platform for exposing fraudulent practices, uncovering several red flags. These brokers exhibit behaviors commonly associated with scams, including operating without proper regulation, employing deceptive tactics, and failing to provide transparent information. These issues raise serious concerns about their legitimacy and reliability.
Scams Report also provides support to victims of online scams like forex trading scams, cryptocurrency schemes, social media schemes, and internet dating scams, offering free consultation and guidance on fund recovery.
If you’ve faced challenges with any of these brokers, don’t hesitate to contact us. Our experts are here to help you take the first step toward reclaiming your money.
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