FXT Traders Alert

On May 18th, 2024, Cryptocointrace was alerted to a potential scam involving a forex broker known as FXT Traders, possibly operating via the domain fxt-traders.ltd. This broker displays several warning signs that could jeopardize your investments. Of utmost concern is the absence of regulation by a reputable financial authority. Regulated brokers adhere to stringent guidelines aimed at safeguarding investors, and FXT Traders’ lack of regulation raises serious doubts about its legitimacy. Furthermore, various online resources, including BrokerChooser, and negative reviews highlight safety concerns associated with FXT Traders. Additionally, crucial details such as service offerings, operational scope, and ownership are absent. Due to these red flags, it is strongly advised to consider established and regulated brokers for investment purposes.

If you have fallen victim to a scam, take immediate action by filing a complaint with local financial regulatory bodies, such as the FCA in the UK, ASIC in Australia, or SEC in the US. Ensure that you gather all communication records and important platform information for documentation.

Report the incident to Cryptocointrace.com to receive comprehensive assistance and support in addressing the matter.