Score
ADAFX
United Kingdom|5-10 years| https://www.fxada.com/en
Website
Rating Index
Contact
Licenses
Licensed Institution：ADA FX Limited
License No.：794284
Single Core
1G
40G
1M*ADSL
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
Basic information
United Kingdom
5-10 years Suspicious Regulatory License Suspicious Scope of Business Suspicious Overrun High potential riskUsers who viewed ADAFX also viewed..
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Company Summary
Note: You can't access ADAFX's official website:https://www.fxada.com/en right now.
ADAFX Information
ADAFX started in 2021 as an unregulated broker company with registration in the United Kingdom. The company offers the MetaTrader 4 (MT4) platform for trading.
Is ADAFX Legit？
ADA FX Limited was an the Financial Conduct Authority (FCA) previously regulated by the Financial Conduct Authority (FCA) in the UK. However, its credential identified as number 794284 is no longer valid.
| 牌照Logo | The Financial Conduct Authority (FCA) |
| Current Status | Suspicious Clone |
| Regulated by | United Kingdom |
| License Type | Investment Advisory License |
| License No. | 794284 |
| Licensed Institution | ADA FX Limited |
Downsides of ADAFX
- Unavailable Website
Investors can't reach ADAFX's main website now, which makes them wonder if it's reliable or easy to use.
- Lack of Transparency
Investor understanding regarding what ADAFX remains limited due to insufficient information concerning this platforms operations and dependability.
- Regulatory Concerns
Investor are unsure if ADAFX follows any rules, which makes them think twice about how safe the money is and if they can trust the company.
- Withdrawal Difficulty
A user on WikiFX left a report on using the application where he cited many challenges in the process of withdrawal of funds. This concern was still unsolved after one week and more with the request still pending.
Negative ADAFX Reviews on WikiFX
On WikiFX, “Exposure” is indicated as a word of mouth; gotten from the users.
The recommendation for traders is to check the information and risks before engaging in dealing with the unregulated platform. If fraudulent brokers persist, you can report in our Exposure section and our team will help to solve such problems.
As of now, there was 1 piece of ADAFX exposure in total. I will introduce it.
Exposure 1. Cannot withdraw money
| Classification | Cannot withdraw money |
| Date | May 24, 2019 |
| Post Country | Hong Kong |
Conclusion
Trading with ADAFX might not be safe because no one watches over them. Investors should pick brokers that follow rules and are open about what they do to keep the money safe and follow the law. When you choose a trading site, go for ones that big rule-makers keep an eye on. This will help you feel safer and more at ease.
Keywords
- 5-10 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- Suspicious Overrun
- High potential risk
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