Regulated by the Financial Conduct Authority
The Financial Conduct Authority (FCA) is an independent regulatory body focusing on retail and wholesale financial services. Its role is to protect consumers, maintain the industry’s integrity, and promote competition in the interests of consumers.
The FCA is an integral part of the UK’s financial regulatory framework. It works alongside the Prudential Regulation Authority (PRA) to supervise and regulate banks, building societies, credit unions, insurers, and investment firms.
The FCA has “rule-making, investigative and enforcement powers” that it uses to monitor the behavior of authorized firms to ensure that they operate in the best interest of consumers. This means that it can take action against firms that are breaking its rules or putting the safety of consumers at risk.
Trusted by thousands of clients
Despite its modest size, Red FX boasts an impressive customer base of more than 350,000 customers. Known for its innovative trading platforms and industry-leading technology, the company offers many high-quality products and services. Among its many offerings are e-currencies, CFDs, forex, and cryptocurrencies. Red FX has a robust mobile app, and desktop clients are catered to with various bespoke tools and services. The company also has many educational materials, including white papers, webinars, and videos to help you make the most informed forex trade decisions. If you are looking to trade currencies, you will need a reputable & trustworthy broker that can provide you with a safe & secure environment for your funds.
Safe & secure
Forex trading has no guarantees, but with some knowledge and skepticism, you can avoid being ripped off. The giant red flag is when scammers offer to guarantee impossible returns and even use fake results. This is because no one can predict how the market will behave at any given moment. And no broker, regardless of how reputable they are, can guarantee you profits.
The internet has made it easier for crooks to create virtual websites and dazzle you with promises that seem too good to be true. This includes legitimate cloning sites, moving around the world to escape law enforcement, and using marketing tricks to get you to deposit your hard-earned cash. Scammers are also notorious for using commingling of accounts to hide your losses and make it difficult to track the performance of your trades. The best way to keep your money safe is to avoid shady brokers altogether.