BAXTERFXTRADE Information
- BAXTERFXTRADE Website – http://baxterfxtrade.net/
- Website Availability – No
- Address shown – 20-22 Wenlock Road, UNITED KINGDOM, N1 7GU; Kentucky, UNITED STATES OF AMERICA
- BAXTERFXTRADE Owned By – NA
- Warned By – Financial Conduct Authority (United Kingdom)
- Domain Age of BAXTERFXTRADE – NA
BAXTERFXTRADE was introduced to the market as a forex trading platform from the US that promises lots of returns when it comes to investing. On the contrary, after a thorough review, there were indications that the whole drive was not real.
False Regulatory Claims
Misleading US Location
The corporate website of BAXTERFXTRADE states that its operations are in the United States. However, upon checking the National Futures Association (NFA)-the official regulatory body for derivatives and forex in the United States could not find any entity by this name. This, therefore, raises red flags for its credibility.
FCA Warning
The website also claimed to be regulated by the Financial Conduct Authority in the UK; a blatant lie. Indeed, the FCA has issued a public warning stating that BAXTERFXTRADE is not authorized to render financial services in the UK. Blacklisting by the FCA would, therefore, confirm that the set-up has no legal standing.
Why BAXTERFXTRADE Is Risky?
1. No Valid Regulation
BaxterFXTrade doesn’t have any governmental agency overseeing its management for the protection of consumers. That would leave investors with a case no one would want to be involved in.
2. FCA Blacklisting
Being added to the FCA warning list proves the company is officially recognized as a threat to public funds.
3. Website Offline
It’s a very common practice for unscrupulous platforms to disappear with investors’ funds, and the website has gone down.
4. No Investor Protection
If BAXTERFXTRADE is unregulated, the deposits will therefore not fall under any protection scheme, thereby causing a considerable degree of financial insecurity to the user.
Final BAXTERFXTRADE Review?
All facts have been thoroughly consulted and considered, revealing that BAXTERFXTRADE has operated in a complete void of regulatory oversight and that it has duped its users about its legitimacy. The claim regarding being a US-based and FCA-regulated platform was nothing more than hot air. BAXTERFXTRADE review from reputed authorities such as the FCA strongly affirms it as high risk and unauthorized.
What You Should Do?
- Before investing, check databases like the NFA and FCA.
- Inform the financial authorities of your dealings with BAXTERFXTRADE.
- Avoid using platforms that go offline without notice or display fake credentials.
To summarize, BAXTERFXTRADE should be avoided at all costs. Unregulated status, an FCA warning, and an inactive website simply highlight the obvious risks of dealing with unregulated companies.
Do you think you’ve been misled by BAXTERFXTRADE or any other suspicious platform?
Get a Free Consultation with our experts—learn your options, explore fund recovery, and protect yourself from further loss.
Visit Report Scam today and take the first step toward peace of mind.
To read more about Scam Brokers and their Reviews, Visit Scam Brokers Page to avoid Cryptocurrency trading scams, Forex trading scams, or other online scams.
Facebook Page – Visit – ReportScam Community
Twitter – Report Scam Forum
Instagram – Reportscamcommunity
