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eForex Markets

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Operating status: SCAM

Website: https://eforexmarkets.com/

Broker violations and abnormal records
  • 2023-06-01 BrokersView has Reviewed that eForex Markets is an Unregulated Broker

    According to its website, eForex Markets claims to be regulated by by Territory of British Virgin Islands Financial Services Commission and the number is 2011479. However, there is no matching information was found in the regulator.

    The truth is that eForex Markets is not regulated by any regulators. Letting it hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, it is a scam.

    According to its website, eForex Markets claims to be regulated by by Territory of British Virgin Islands Financial Services Commission and the number is 2011479. However, there is no matching information was found in the regulator.The truth is that eForex Markets is not regulated by any regulators. Letting it hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, it is a scam.

Related Complaints

Q&A

Do they offer any educational resources?

PitterVolf
Gambia
2023-06-05
ANSWER eForex Markets is an unlicensed broker that we advise against trading with despite the seemingly attractive deals it offers.eForex Markets claims to be a trading name of eFX Markets Limited, a company authorized and regulated by Territory of British Virgin Islands under BVI Business Companies Act of 2004 with number 2011479. However, our search for this company in the registry of British Virgin Islands Financial Services Commission (BVI FSC) didn't yield any results. Therefore, eForex Markets operates outside regulatory frameworks.Regarding your question, we strongly suggest you avoid dealing with eForex Markets due to its status as an unlicensed broker. It carries significant risks including financial losses and identity theft as there are no rules in place to protect investors. As such, investors are encouraged to stay away from unlicensed brokers like eForex Markets and opt for fully regulated ones instead.
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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.

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