Is Exelium Regulation Legit? A Complete Safety Review
Discover the facts about Exelium regulation. Learn if this Forex broker is safe for your capital and how to access the Exelium login securely. Start trading now.
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Abstract:The forex market is volatile and carries substantial risks. As a forex trader, you must avoid dealing with a fraudulent forex broker. And that’s why know how to identify potential fraud is a necessary. Here we found Flip Access belongs to a scam that is cheating traders with various irresistible trading conditions.

A Newly Created Website
Fraudulent forex entities create sites that are generally 1 to 2 years old and disappear to recreate another domain name. Flip Access has a domain name that was created on 31 March 2022, only two months ago and is therefore, part of this dangerous category of fraudulent financial company.

False Regulation & Licensing Warning
On its “Legal/Regulation”, Flip Access states it is an authorised broker under double supervision, including the Register of Companies of the Financial Conduct Authority(FCA) under registration number 9828006 and the Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) under registration number 0198016.

▶ Not a legitimate UK forex broker
Searching with registration number 9828006 on the FCA Registry, we found no matching records. That is to say - the firm is an unlicensed broker who runs without any licenses.

▶ Suspicious BaFin license
As for its BaFin license, no results matching for registration number 0198016 on BaFins Registry. Instead, we found a warning record for Flip Access.

▶ BaFin investigates Flip Access
BaFin updated an unauthorised news about Flip Access recently. The regulator makes it clear that the company has not been granted authorisation to conduct banking business or provide financial services. The company is not supervised by BaFin.
“The information provided on the companys website, flipsaccess.com, gives reasonable grounds to suspect that Flip Access Plc is conducting banking business and providing financial services in Germany without the required authorisation.”

Based on the above information, we can conclude that Flip Access is a scam.
If you are aware of suspicious activities, or believe you have been defrauded, please contact us at wikifx.com.

Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.

Discover the facts about Exelium regulation. Learn if this Forex broker is safe for your capital and how to access the Exelium login securely. Start trading now.

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