BrokersView
Search
Download
English
Sign In

FOMOSO

Save

Operating status: SCAM

Website: http://www.fomoso-forex.com/

Broker violations and abnormal records
  • 2022-06-06 BrokersView has reviewed that FOMOSO is an Unregulated Forex Broker

    FOMOSO claims it was established in 2015, but when we checked its domain, we found it was created in 2017. So how could it start its business in 2015? It is a red flag here.

    Besides, FOMOSO claims to be regulated by the US Financial Crimes Enforcement Network (FinCEN) with an MSB license number: 31000212133824. But please be informed that FinCEN does neither issue licenses for forex trading nor regulate any firms that offer forex activities.

    As per the United States law. Firms and individuals, who do not possess the relevant regulation issued by the National Futures Association (NFA), are not allowed to solicit or approach US citizens. When we searched in NFA, we found this broker is not under valid regulation by NFA since it is not an NFA member. That means FOMOSO is actually not overseen by any regulators. Investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.


    FOMOSO claims it was established in 2015, but when we checked its domain, we found it was created in 2017. So how could it start its business in 2015? It is a red flag here.Besides, FOMOSO claims to be regulated by the US Financial Crimes Enforcement Network (FinCEN) with an MSB license number: 31000212133824. But please be informed that FinCEN does neither issue licenses for forex trading nor regulate any firms that offer forex activities.As per the United States law. Firms and individuals, who do not possess the relevant regulation issued by the National Futures Association (NFA), are not allowed to solicit or approach US citizens. When we searched in NFA, we found this broker is not under valid regulation by NFA since it is not an NFA member. That means FOMOSO is actually not overseen by any regulators. Investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.

Related Complaints

Q&A

Is FOMOSO customer support available 24/7?

Patrick
Colombia
2022-06-17
ANSWER FOMOSO is not a licensed or regulated broker even though it states offers that look good to be true. FOMOSO claims it was established in 2015, but when we checked its domain, we found it was created in 2017. So how could it start its business in 2015? It is a red flag here.Besides, FOMOSO claims to be regulated by the US Financial Crimes Enforcement Network (FinCEN) with an MSB license number: 31000212133824. But please be informed that FinCEN does neither issue licenses for forex trading nor regulate any firms that offer forex activities.As per the United States law. Firms and individuals, who do not possess the relevant regulation issued by the National Futures Association (NFA), are not allowed to solicit or approach US citizens. When we searched in NFA, we found this broker is not under valid regulation by NFA since it is not an NFA member.The truth is, FOMOSO is not overseen by any regulators. That means investors' funds in this broker are unsafe and cannot be protected by any law. We would recommend traders stay away from unregulated brokers like FOMOSO and trade with licensed brokers.
See more

fomoso aracı kurumdan para çekmek mümkün mü

adil
Turkey
2022-06-24
ANSWER FOMOSO is not a licensed or regulated broker even though it states offers that look good to be true. FOMOSO claims it was established in 2015, but when we checked its domain, we found it was created in 2017. So how could it start its business in 2015? It is a red flag here.Besides, FOMOSO claims to be regulated by the US Financial Crimes Enforcement Network (FinCEN) with an MSB license number: 31000211233824. But please be informed that FinCEN does neither issue licenses for forex trading nor regulate any firms that offer forex activities.As per the United States law. Firms and individuals, who do not possess the relevant regulation issued by the National Futures Association (NFA), are not allowed to solicit or approach US citizens. When we searched in NFA, we found this broker is not under valid regulation by NFA since it is not an approved NFA member.The truth is, FOMOSO is not overseen by any regulators. That means investors' funds in this broker are unsafe and cannot be protected by any law. We would recommend traders stay away from unregulated brokers like FOMOSO 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.