WikiFX Review: Unregulated FX Broker The Street FX May Scam You!

Many individuals nowadays are seeking alternative ways to make money. Investment is difficult to find, particularly if you do not know the company's information and history; I am referring to Forex trading and Crypto trading. Due to, the possibility that it may provide good returns, many unregulated brokers who pretend to be licensed are also conducting business with just one goal: to lure people to invest on their platform, which is not a usual practice of regulated brokers, short for a scam. The Steet FX is one example.

Who exactly is The Street FX？

The Street FX claims to be an SVG-FSA-regulated Forex trading firm. However, Saint Vincent and the Grenadines does not permit or regulate Forex trading.

The story may be found at https://www.wikifx.com/en/newsdetail/202208027034620584.html.

Furthermore, this forex broker lacks an actual location, claiming to be situated in both London and Saint Vincent and the Grenadines on their official website.

Let us look for more of The Street FX

According to The Street FX Official Website, the firm has garnered 22 Forex Awards. It also mentions that the firm has a member who has been with them for 5 years, implying that the company is well-known and cares about its workers.

ImageLet's debunk this Forex broker's falsehoods.

Let's look at domain registration to determine whether the corporation is telling us the truth.

The domain was registered on 5/31/2022 and will expire on 5/31/2023, according to the domain checker. With this data, it may conclude that the broker is not providing the truth to the public, based on the statement above that the workers have been working with them for 5 years now.

Let's look at the regulation of The Street FX.

According to their official website, the broker is based in the Saint Vincent and The Grenadines.

The same falsehoods surfaced when validating the broker's name with the SVG FSA. The Street FX is not registered with the SVG FSA. The search yielded no results.

Let's look at the name based on the address listed on their official website. It states that the firm is situated in London, UK, where all Forex brokers must be licensed by the UK FCA, one of the world's largest regulators.

The outcome is the same after checking. The Street FX forex broker is still not licensed by the UK FCA. This leads to the conclusion that this forex broker is not suitable for investment.

The Street FX on the WikiFX

WikiFX is a forex trading search engine that gives broker information for traders to simply check without having to visit other websites. You may also read the broker's complaints from its traders all around the world.

Because of the facts provided above, the Street FX has been labeled as “not regulated” and “no license.”

Conclusion

We implemented the verification based on the results of the verification. The Street FX is not a registered or regulated broker, despite what they state on their official website. As a result, this broker is close to being classified as a scam broker.

Check out for more of The Street FX here: https://www.wikifx.com/en/dealer/3307641342.html

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