Introduction to Silver FX
Silver FX is marketed as an up-to-date and easy-to-use trading platform that is suitable for beginner and advanced traders. It claims to provide traders with advanced trading tools, trading intel, and real market knowledge. We are all attracted to a pretty website and the claims that follow. But will you explore more and reveal ‘troubles’ lurking beyond?
Silver FX Overview
- Company Name: Silver FX
- Website: https://silver-fx.com/
- Address: 123 Baker Street, Marylebone London NW1, 6XE United Kingdom
- Regulation Status: Not Regulated
- Operating Since: 2024-09-23
- Warned By: The Dutch Authority for the Financial Markets (AFM)
Lack of Regulatory Authorization
Silver FX claims to be based in the UK. Any financial trading platform based in the UK should be registered with the Financial Conduct Authority (FCA). In the FCA database, there is no entry for Silver FX, which raises real concerns about the legal ability of Silver FX to operate.
Key Takeaway:
- If Silver FX is not FCA registered, then there is no government-backed investor protection available.
Official Warning Issued
To add to the concerns, the Netherlands Authority for the Financial Markets (AFM) issued an official warning, explaining that Silver FX may provide financial services without a license. Investors may run the risk of being assigned to a subpar regulator.
Key Takeaway:
- To receive an AFM warning means there is concern from an international regulatory authority about investor safety.
Trustpilot vs. Reality
Silver FX has mixed to positive reviews on Trustpilot. However, there is a possibility that these reviews are fake. Some reviews seem too generic or too similar in tone, which often disguises genuine customer dissatisfaction.
What Do Experts Say?
Independent review sites, including WikiFX, have given Silver FX some of the lowest ratings possible, with a shocking score of 0.99 out of 10. It also conveys the lack of regulation and questions about the legitimacy of the platform at all.
Key Points:
- AFM Warning
- Not Registered by FCA
- Expert Scores are Low
Final Verdict: Is Silver FX Safe?
No! While Silver FX may seem credible on initial inspection, the complete lack of a regulatory framework, the expert warnings, and a questionable reputation online make it an incredibly poor option for anyone wanting to trade safely.
Need Help? Visit BrokersReviewer.com
If you’ve used Silver FX or a similar platform and feel deceived, you are not alone. At BrokersReviewer.com, we provide verified reviews, more in-depth investigations, and help connect victims with loss recovery. Whether you are trying to verify a broker’s legitimacy or looking for assistance on the heels of a financial loss, our team is here to help. We dig deeper than the superficial claims, so you won’t be misled by a pretty website to find the dangerous traps hidden within.
Why trust us?
- We base reviews on official regulations, not user ratings.
- We provide explicit steps for victims.
- We find risks that others might miss completely.
Your financial safety is too important not to make a report. If you believe you have been targeted by a suspicious broker, report it today at BrokersReviewer.com. We are here to help you along the path to peace and safety while trading.
Stay informed. Read broker reviews, compare platforms, and always verify licensing details.
Take a look at the full Simplified FX review here.
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