FCA warns against Crypt Mill, Cash FX Group and Rerotrader

The British Financial Conduct Authority has added three unregulated brokers to its blacklist.

Crypt Mill

Crypt MillCrypt Mill says it is one of the best brokers in the world with 20 years in existence. It offers currency, stocks, commodities and cryptocurrency trading.

Crypt Mill obviously is a scam broker. It has been created only this year, so it could not have won the awards it is displaying on its website.

Moreover, Crypto Mill says that it is regulated, but it is not true, which was confirmed by the FCA.

Rerotrader

Rerotrader OnlineRerotrader’s website is currently offline, but according to our research it is a Forex broker which claims to be located in Great Britain.

The FCA has had a look at it and found that Rerotrade has no license to provide investment service, it is not regulated at all.

CashFX Group

CashFX GroupCashFX Group is a broker that combines financial trading with investing with passive returns.

The broker claims to be regulated in Britain, Dubai, South Africa and Seychelles, but it is not true.

The FCA has warned that Cash FX Group is not regulated at all, it has no authorization to provide investment services.

Summary

Crypt Mill, CashFX Group and Rerotrader are unregulated services that have been placed on the blacklist of the British regulator FCA. Stay away from them.

For trading we recommend using regulated brokers only.

Please share this review to help inform other people.

Comments 1

  • Just want to say your article is as astonishing. The clearness in your post is just cool and i can assume you are an expert on this subject. Well with your permission let me to grab your feed to keep updated with forthcoming post. Thanks a million and please continue the gratifying work.

Leave a Reply

Your email address will not be published.