Operating status: SCAM
On 29 March 2022, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that FXTM Investment Option is providing financial services or products in the UK without authorisation. You may visit: https://www.fca.org.uk/news/warnings/fxtm-investment-option-ltd
FXTM Investment Option claims to be regulated by the Gibraltar Financial Services Commission (GFSC). We searched GFSC but did not found any matching results. Besides, GFSC does not regulate forex brokers or issue forex licenses.
FXTM Investment Option also claims to be located in the USA. So we searched the National Futures Asociation (NFA) of the USA but still found nothing matched this broker. That means FXTM Investment Option is not regulated in the USA.
Moreover, the broker claims to be regulated by the Cyprus Securities and Exchange Commission (CySEC), the Australian Securities & Investments Commission(ASIC), and the United Kingdom Financial Conduct Authority (UK FCA). However, we did not found any results that matched this broker in CySEC or ASIC.
What's more, UK FCA issued a warning that FXTM Investment Option is providing financial services or products in the UK without authorisation.
The truth is that FXTM Investment Option is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, it is a scam.