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eFX Markets Limited

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Operating status: SCAM

Website: https://www.eforexmarkets.com/

Broker violations and abnormal records
  • 2023-08-20 BrokersView has Reviewed that eForex Markets Limited is an Unregulated Broker

    According to its website, eForex Markets Limited claims to be regulated by Territory of British Virgin Islands, BVI Business Companies Act of 2004, number 2011479. However, there is no matching information was found in the regulator.

    The truth is that eForex Markets Limited 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 Limited claims to be regulated by Territory of British Virgin Islands, BVI Business Companies Act of 2004, number 2011479. However, there is no matching information was found in the regulator.The truth is that eForex Markets Limited 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

My manager asked me to wait for my withdrawal but it's been a few days. Am I been scammed by eFX Markets Limited?

Riley Saeed
Egypt
2023-09-18
ANSWER According to the results of our search, eFX Markets Limited is an unregulated broker. As such, the extended delay in processing your withdrawal request could potentially signal that you have fallen victim to a scam.While eFX Markets Limited claims to be regulated by the Territory of British Virgin Islands under registration number 2011479, our investigation revealed no corresponding information within the British Virgin Islands Financial Services Commission (BVI FSC) database. Additionally, despite having an office address in Hong Kong, the company lacks authorization from the Hong Kong Securities and Futures Commission (SFC).Given these discrepancies, eFX Markets Limited is a scam. We strongly suggest you have no further dealings with the fraudulent platform. With no regulatory safeguards in place, your funds and personal information are at substantial risk, potentially leading to severe financial losses and the risk of identity theft. Please report the scam to the local police and relevant financial regulatory bodies.
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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.