BrokersView
Search
Download
English
Sign In

E Fxtrade

Save

Operating status: SCAM

Website: https://efxtrade.online/

Broker violations and abnormal records
  • 2022-11-03 BrokersView has Reviewed that E-Fxtrade is an Unregulated Forex Broker

    E-Fxtrade claims to be a regulated and trustworthy broker and presents its business certificates from the United States on its website. However, business certificates do not have the legal force to offer forex services that are subject to relevant regulations issued by regulatory bodies. 

    As per United States law, US residents and citizens are only permitted to operate with CTFC- and NFA-regulated forex brokers. Firms and individuals, who need to possess the relevant regulations issued by the National Futures Association (NFA) or the Commodity Futures Trading Commission (CFTC), will be allowed to solicit or approach US citizens. However, we did not find any match results to E-Fxtrade in the above two regulatory bodies. 

    The truth is, E-Fxtrade is not under valid regulation by any regulators to do forex. Investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.

    E-Fxtrade claims to be a regulated and trustworthy broker and presents its business certificates from the United States on its website. However, business certificates do not have the legal force to offer forex services that are subject to relevant regulations issued by regulatory bodies. As per United States law, US residents and citizens are only permitted to operate with CTFC- and NFA-regulated forex brokers. Firms and individuals, who need to possess the relevant regulations issued by the National Futures Association (NFA) or the Commodity Futures Trading Commission (CFTC), will be allowed to solicit or approach US citizens. However, we did not find any match results to E-Fxtrade in the above two regulatory bodies. The truth is, E-Fxtrade is not under valid regulation by any regulators to do forex. Investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.

Related Complaints

Q&A

Can I cancel the deposit?

Puck van Leeuwen
Lithuania
2022-11-10
ANSWER E-Fxtrade is not a licensed or regulated broker even though it states offers that look good to be true. E-Fxtrade claims to be a regulated and trustworthy broker and presents its business certificates from the United States on its website. However, business certificates do not have the legal force to offer forex services that are subject to relevant regulations issued by regulatory bodies. As per United States law, US residents and citizens are only permitted to operate with CTFC- and NFA-regulated forex brokers. Firms and individuals, who need to possess the relevant regulations issued by the National Futures Association (NFA) or the Commodity Futures Trading Commission (CFTC), will be allowed to solicit or approach US citizens. However, we did not find any match results to E-Fxtrade in the above two regulatory bodies. The truth is, E-Fxtrade is not overseen by any regulators. That means your personal data or your funds in this broker are unsafe and cannot be protected by any law. We would recommend traders stay away from unregulated brokers like E-Fxtrade and trade with licensed brokers.
See more

comments

Be the first to review.
Rate and Review

Your review

App Store

Google Play

Company Shop Application About Us Our Methodology Privacy Policy Contact Us

Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

Disclaimer:

The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.