This article examines several such brokers, detailing their lack of regulation and the risks they pose to traders. In this Brokers Review, we will focus on Artosnomics, AdmiralsUnited, Kings Option Trade Ltd, and Crypto Elite Markets.
Broker Overview
Artosnomics
- Regulatory Status: Unregulated
- Website: https://sablefx.com and https://www.sableltd.cc/ Artosnomics claims to be a UK-based trading platform offering a variety of financial instruments, including Forex and Cryptocurrencies. However, there is no evidence of regulatory approval from the UK’s Financial Conduct Authority (FCA) or any other financial authority. The lack of a proper license means that investors’ funds are not protected under any legal framework, making it a high-risk platform. The Belgian Financial Services and Markets Authority (FSMA) has also added Artosnomics to its warning list.
AdmiralsUnited
- Regulatory Status: Unregulated
- Website: https://admiralsunited.com AdmiralsUnited, a new broker that emerged in June 2024, claims to operate under various regulatory frameworks. However, upon further inspection, it appears that the broker either fabricates its regulatory status or copies information from legitimate companies. The true identity of the company remains unknown, and the Italian Companies and Exchange Commission (CONSOB) has already ordered the platform’s website to be blacked out for offering financial services illegally in Italy.
Kings Option Trade Ltd
- Regulatory Status: Unregulated
- Website: https://kingsoptiontrade.com Kings Option Trade Ltd purports to be regulated by several financial authorities, including the Cyprus Securities and Exchange Commission (CySEC). However, investigations reveal that the company has misrepresented its regulatory status by using stolen license information from legitimate companies. Kings Option Trade is unregulated, and investing with them is highly risky since there is no legal protection for investors.
Crypto Elite Markets
- Regulatory Status: Unregulated
- Website: https://cryptoelitemarkets.com Crypto Elite Markets claims to be certified by the British Virgin Islands Financial Services Commission (BVIFSC) but is not registered with any legitimate regulatory authority. This unregulated broker offers a wide range of trading instruments, including Forex, Cryptos, and more. Without proper oversight, traders’ funds are at significant risk, and no legal protections are in place for investors.
Are These Brokers Scam or Legit?
The brokers listed above—Artosnomics, AdmiralsUnited, Kings Option Trade Ltd, and Crypto Elite Markets—share a common trait: none of them are regulated by any recognized financial authority.
The absence of regulation means that these platforms can operate without any oversight, making it easy for them to engage in questionable practices. For example, Artosnomics and Crypto Elite Markets have been linked to fraudulent activities, while AdmiralsUnited has been blacklisted by the Italian financial regulator. Kings Option Trade Ltd is guilty of stealing regulatory credentials from legitimate firms, further undermining its credibility.
Conclusion
In this Brokers Review, it is clear that Artosnomics, AdmiralsUnited, Kings Option Trade Ltd, and Crypto Elite Markets are unregulated brokers with dubious practices. Traders should be cautious when dealing with these platforms, as they offer no legal protection for investors’ funds. It is highly recommended to avoid depositing money with these brokers, as the risks far outweigh any potential rewards.
Reclaim Your Lost Funds with Expert Support
Have you faced financial losses from any of these brokers? Lycan Retrieve is here to assist. With expertise in fund recovery services, our team offers professional guidance to help you recover your hard-earned assets. We are dedicated to providing specialized solutions for your case since we recognize the difficulties victims encounter. We ensure you receive the assistance you are entitled to through an open, effective, and client-centered procedure. Don’t let fraudulent practices go unanswered—take the first step toward reclaiming your funds with Lycan Retrieve’s trusted recovery services. Reach out today for a consultation.
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