WIKIFX Alert! Unregulated FX Broker AreaTrading Warned By UK FCA

Regulated forex brokers worry about client feedback since a strong reputation may help their firm grow and stay longer, however fraudsters like AreaTrading care because they are afraid that no more investors will be duped.

WikiFX is examined based on trader reports and is here to provide convincing evidence that AreaTrading is a total fraud.

Warnings

Because a licensed broker would frequently publish regulatory information at the bottom of the webpage or in a dedicated area, AreaTrading is a suspicious broker. It provides no information regarding its restrictions on its website (https://www.areatrading.io/), but simply a UK phone number under “Contact.” In this case, we checked the UK FCA, the country's only forex regulator, and discovered that AreaTrading is a cautioned forex broker.

The UK FCA issued a public warning on August 16, 2022, informing the public that Areatrading is an unlicensed forex broker. Also, take note of how investors safeguard themselves.

Above all, we may infer that AreaTrading is a scam broker.

Negative Reviews

Reviews on the scammer are widely available online, however, they are very divided. Some praise Areatrading for assisting them in making a lot of money, while others accuse the broker of being a swindler. However, the most recently updated ratings are virtually entirely negative, after the currency watchdog's warning to the fraudsters.

A victim specifically mentioned that the UK FCA had warned Areatrading. The scammer's response was vague. It did not explicitly dispute the warning, but rather inferred that the victim was a rival seeking to make false charges about the organization.

A lot of their traders posted that AreaTrading will only took your money and will request for more for you to be able to withdraw your earnings.

In the most recent update, however, this customer accused Areatrading of being a fraud and detailed the reasons why he or she believed this broker was a scammer. And Arearading's welcoming demeanor shifted to indicate that the opposing side was smearing itself.

How can this kind of situation be avoided？

We are all aware that the forex market has evolved into an alternate means of making money until today. On the other side, a lot of scam brokers are also doing business in the market to scam traders. Furthermore, we may have averted this situation if we had been more cautious in selecting the right broker to invest with. The WikiFX app is a trustworthy forex trading search engine tool that will assist you in confirming the state of the broker's regulation as well as their other information. Not only that, but WikiFX also documented any complaints raised by its traders and placed them on each broker's dealer page.

Based on evidence from numerous regulatory agencies throughout the world, AreaTrading is conducting business unlawfully on the market.

We invite all traders to share their negative experiences with their traders on the WikiFX official website at www.wikifx.com.

WikiFX has also been engaged in several settled instances that resulted in the recovery of cash.

To learn more, go to WikiFX Right Protection Center: https://www.wikifx.com/en/exposure/slist/1.html

Keep an eye out for further broker updates.

WikiFX may be downloaded through the App Store or the Google Play Store.