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• Our Review Method

• Is FXLinked Scam or Legit Broker?

• What is FXLinked?

• Conclusion

Our Review Method ▲

In our rigorous review process, a team of seasoned financial specialists, boasting more than 20 years of experience in Forex trading, carries out an exhaustive evaluation of various trading services. Our team delves deep into the investigation of fees, assesses the trading platforms, and verifies adherence to regulatory standards. We also interact directly with customer support and conduct actual trades to gain a real-world understanding of the trading conditions. This comprehensive approach enables us to provide informed insights and advice on why we recommend avoiding FXLinked due to the issues we've identified.

Is FXLinked Scam or Legit Broker? ▲

FXLinked emerges as a brokerage entity that raises significant concerns regarding its legitimacy and the safety it promises to its traders. The fundamental issue lies in its offshore registration, with no affiliation to any renowned and trustworthy financial regulatory body. This absence of proper licensing is a glaring red flag, signaling potential risks to traders' investments. Our position remains steadfast against endorsing offshore brokers since they typically fail to offer a financial investment service that meets the minimum threshold of trustworthiness.

The rationale behind our caution is straightforward: despite the broker's possible assurances of unparalleled trading conditions or environments, traders are left without any form of guarantee or protection from official entities that regulate the Forex market. This gap in regulatory oversight significantly undermines the broker’s credibility and poses an elevated risk to investors.

What is FXLinked? ▲

FXLinked positions itself as an offshore brokerage, extending its services across various financial instruments including Forex, Metals, CFDs, Stocks, Indices, and Energies. Operating under the trading name FXLinked LTD, it claims regulation as a Securities Dealer by the Financial Services Authority of Seychelles, bearing the license number (SD011). Despite these assertions, the broker's proclaimed base in London, UK, and its targeted approach towards UK residents, its operations lack authorization by the UK’s Financial Conduct Authority, barring it from legally offering its financial services within the region.

The claim of offshore registration as a legitimate basis for conducting financial market business is a common narrative among many brokers. However, a significant portion of these entities are merely registered without any formal licensing or oversight by government agencies. This lack of regulatory scrutiny renders such firms highly precarious avenues for investment.

Reiterating the need for vigilance, we consistently advise traders to exercise caution when engaging with entities that lack registration or regulation by reputable authorities. The proliferation of offshore-registered brokers, often touting legitimacy, only amplifies the risk of engaging in financial activities with them.

Conclusion ▲

The paramount importance of investment security in Forex trading cannot be overstated, making it crucial to steer clear of dubious offerings like FXLinked. We advocate for traders to opt for brokers that are duly licensed by esteemed financial authorities. Such brokers not only guarantee a higher level of security but also ensure adherence to rigorous regulatory standards, offering peace of mind to investors.

FXLinked Update

Our latest findings reveal that FXLinked’s website is currently inoperative, indicating a cessation of its trading services. Despite this development, we urge traders to remain cautious and vigilant against any future offers or proposals from this broker. The inactivity of the website further compounds the concerns regarding FXLinked’s reliability and underscores the importance of choosing regulated and trustworthy brokers for trading activities.