eTradeFXLive Review – Is eTradeFXLive a scam or legit broker?

Scams Report > Scam Brokers List 2022 > Fraud Brokers Reports 2022 > eTradeFXLive Review – Is eTradeFXLive a scam or legit broker?

eTradeFXLive Review

Please read this eTradeFxLive review before investing. Your investments/funds may not be secured if you are trading with this broker.

Website – http://etradefxlive.com/

Official Address – Kemp House, 152-160 City Road, London, United Kingdom, EC1V 2NX

Warned by regulating authority – Financial Conduct Authority (United Kingdom)

eTradeFxLive Review Introduction

eTradeFxLive is an online trading platform, and it is owned by ETRADE FX LIVE. It is located, at Kemp House, 152-160 City Road, London, United Kingdom, EC1V 2NX. The website of the company can be found at etradefxlive.com, which is currently not in use. Other details like phone numbers, contact email, and regulation certificates are not found on their website. Read a complete eTradeFxLive review to know more about this broker.

eTradeFxLive Review: Regulation Status

The most important point is to check the broker’s certifications before investing in any trading platform. This will help you to check whether they are regulated by a regulatory authority or not. Etradefxlive does not work like a professional broker because they do not mention the company owner’s name, contact details, regulated license, etc. They also got a warning from a central authority. It is a major red flag that indicates Etradefxlive might be involved in unlawful activities like online scams. If you want to avoid these scams, visit the regulator’s site and check the broker’s regulated license.

eTradeFxLive Review: FCA Warning

eTradeFxLive broker got a warning from the United Kingdom – FCA (Financial Conduct Authority). According to them, this broker may be providing financial services in the UK without our authorization. We cannot recommend this broker for trading because they might be an offshore or unregulated identity. 

How does the etradefxlive.com scam work? 

The online scam starts when new or inexperienced traders are searching for an online trading platform. It is an opportunity for scam brokers to steal money from innocent people. Scammers use a few tricks to convince people to invest money like they contact people through online ads or social media, or they will call people to make an initial deposit. They make a fake promise that they will double your initial investment. But at the time of withdrawal of money, people realize that they are cheated by the scam brokers and lose all the money.

eTradeFxLive Review: Customer review

If you search on the web, you will get many negative eTradeFxLive reviews. They also got a low trust score among people. After reading all the negative and positive eTradeFxLive reviews, we found that this broker might be involved in some suspicious activities like scams. It’s better to escape from this broker or any other unregulated broker. We provide a scam brokers list of 2021 and 2022 on our website that helps you to avoid such scam brokers.

eTradeFxLive Review: Conclusion

In our research, we find that Etradefxlive hides most of the details about the company and does not mention any regulated license on its website. They also got a warning from a central authority, which means they are potentially involved in a scam. Scams Report always advises staying away from an offshore and unregulated broker. If you are a victim of online scams, immediately file a chargeback for fund recovery. Fill out a complaint form on our website. Our experts will provide you free consultation, and we will guide you in the process of fund recovery.  

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