BrokersView
Search
Download
English
Sign In

TMFX

Save

Operating status: SCAM

Website: https://www.tmfxm.com/

Broker violations and abnormal records
  • 2022-07-20 BrokersView has Reviewed that TMFX is an Unregulated Forex Broker

    TMFX claims its regulation by the US National Futures Association (NFA) under ID No. 0542137. We indeed found a matching result in NFA's registry, however, TMFX is not overseen by NFA as it is not an approved member of the regulator. As a forex trader, you must bear in mind that if a broker claims to be eligible to solicit US customers in forex activities, it must: 1) be accredited as an approved Forex Dealer Member of NFA; 2) be admitted as a "retail forex exchange dealer." 

    Apparently, TMFX doesn't satisfy these conditions. That means, this broker is merely a registered firm rather than a regulated one and is not qualified to carry out such services. Therefore, it is a scam.


    TMFX claims its regulation by the US National Futures Association (NFA) under ID No. 0542137. We indeed found a matching result in NFA's registry, however, TMFX is not overseen by NFA as it is not an approved member of the regulator. As a forex trader, you must bear in mind that if a broker claims to be eligible to solicit US customers in forex activities, it must: 1) be accredited as an approved Forex Dealer Member of NFA; 2) be admitted as a "retail forex exchange dealer." Apparently, TMFX doesn't satisfy these conditions. That means, this broker is merely a registered firm rather than a regulated one and is not qualified to carry out such services. Therefore, it is a scam.
  • 2022-11-23 BrokersView has found that TMFX is not working

    BrokersView found the domain "https://www.tmfxm.com/" is not working, as most probably it was suspended and it is always a bad sign when broker's website is suspended.

    BrokersView found the domain "https://www.tmfxm.com/" is not working, as most probably it was suspended and it is always a bad sign when broker's website is suspended.

Related Complaints

Q&A

Does TMFX a licensed broker?

Juan Gomez Porteros
Haiti
2022-07-26
ANSWER TMFX is not a regulated or authorized broker for traders even though it states offers that look good to be true. TMFX claims its regulation by the US National Futures Association (NFA) under ID No. 0542137. We indeed found a matching result in NFA's registry, however, TMFX is not overseen by NFA as it is not an approved member of the regulator. As a forex trader, you must bear in mind that if a broker claims to be eligible to solicit US customers in forex activities, it must: 1) be accredited as an approved Forex Dealer Member of NFA; 2) be admitted as a "retail forex exchange dealer." Apparently, TMFX doesn't satisfy these conditions.The truth is, TMFX 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 TMFX 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.