BrokersView

Sign In
English

st. vincent-and-the-grenadines

Newest

Popular

Is Vida Markets a safe platform? Can I get fund protection?
Teodora Zarvos
Saint Lucia
2023-09-18
ANSWER Vida Markets is an offshore broker that does not provide the level of fund protection that strictly-regulated brokers do. Therefore, it is advisable to exercise caution when using this platform.Vida Markets claims to be regulated by the Financial Sector Conduct Authority (FSCA) and we did find matching records in the FSCA database. However, it is critical to note that the South African financial regulator doesn't provide the domains of the registered entities for investors to verify. This loophole can be exploited by some shady brokers who may use the details of FSCA-licensed companies to deceive the public.Consequently, investors face a significant challenge in confirming whether the website they are dealing with is genuinely operated by a legitimate firm.In simpler terms, while Vida Markets may indeed be registered with the FSCA, the absence of domain verification means that some dishonest brokers could impersonate legitimate companies, making it difficult for investors to distinguish between genuine and fraudulent entities. This lack of clarity poses a substantial risk to investors.Therefore, if you want to get a better fund protection, it is advisable to choose a strictly regulated broker.
See more
What's happened to LDN Global Markets? Can't I withdraw now?
Samuel
Singapore
2023-09-13
ANSWER Since LDN Global Markets is only registered with the Financial Services Authority of St. Vincent and the Grenadines (SVG FSA), an offshore financial regulator not for forex trading and brokerage, it is a broker subject to no supervision. Without regulatory oversight, it is often hard for traders to make a withdrawal on an unlicensed platform.On the website of LDN Global Markets, it also mentions it has an address in Cyprus, but there are no indications that it is registered with the Cyprus Securities and Exchange Commission (CySEC). All in all, LDN Global Markets falls outside the regulatory framework, and its clients are exposed to high risks. If any violation occurs, they may not be able to recover their funds or seek compensation from any official body.Therefore, BrokersView strongly suggest investors stay away from LDN Global Markets to mitigate such risks. It is advisable to choose a fully regulated broker instead.
See more
What currencies are accepted in Win Trade Markets?
peter sunardi
San Marino
2023-09-12
ANSWER BrokersView urges you to drop the plan to engage with Win Trade Markets, which is an unlicensed broker.Win Trade Markets claims to be registered with the Financial Services Authority of St. Vincent and the Grenadines (SVG FSA) under the number 538 LLC 2020. However, there are no records in the register of SVG FSA matching this company or the license number. Furthermore, the offshore financial watchdog has explicitly stated that it neither issues licenses for forex trading and brokerage nor regulates entities engaging in such activities. Therefore, Win Trade Markets is not under supervision.It is highly risky to trade with the unlicensed platform Win Trade Markets. Individuals dealing with the broker are exposed to fraud and identity theft and there are no rules in place to safeguard their interests. As such, we strongly suggest investors stay away from such unlicensed brokers as Win Trade Markets and instead choose a fully regulated one.
See more
When can I receive my withdrawl?
Youssef Abi Raad
Mexico
2023-08-08
ANSWER Due to its unlicensed status, there is no guarantee that you can successfully make a withdrawal on SupremeMarkets.SupremeMarkets claims to be operated by International Market Connect LLC., a company registered with the Financial Services Authority of St. Vincent and the Grenadines (SVG FSA). While it is true that corresponding records exist in the SVG FSA registry, investors must bear in mind that the SVG FSA has explicitly stated that entities engaging in forex trading and brokerage are not licensed from this jurisdiction. Consequently, SupremeMarkets remains unsupervised by the relevant regulatory body.Furthermore, the Comisión Nacional del Mercado de Valores (CNMV) has added SupremeMarkets to its warning list for providing investment services without authorization.In conclusion, we strongly suggest you proceed with extreme caution and have no further dealings with SupremeMarkets as it is an unlicensed broker. Dealing with this platform poses significant risks such as financial losses and identity theft, due to the lack of oversight. Therefore, investors are advised against trading with unlicensed brokers like SupremeMarkets and instead to choose a fully regulated one.
See more
Do they have UK license?
Jorge Francisco
United Kingdom
2023-08-07
ANSWER Regarding your inquiry, we searched the register of Financial Conduct Authority (FCA) and confirmed that goldfx is not licensed in the UK. Furthermore, the regulatory information provided by goldfx cannot support its legitimacy in forex trading. As such, we strongly suggest investors steer clear of goldfx.While it claims to be operated by Olympic Markets LLC which is registered with the Financial Conduct Authority of St. Vincent and the Grenadines (SVG FSA) and we did find a company of that name in the SVG FSA registry, it is critical to note that the offshore financial watchdog has explicitly stated that entities engaging in forex trading and brokerage are not licensed from this jurisdiction. Consequently, goldfx remains unsupervised.Furthermore, according goldfx's claim, we also found the Olympic Markets Ltd. in the Labuan Financial Services Authority (LFSA) register. However, goldfx and Olympic Markets Ltd have different addresses, phone numbers and domains. Such a great discrepancy raises suspicous about goldfx's authenticity and legitimacy. There is a possibility that goldfx copies details of Olympic Markets Ltd to appear legal.In conclusion, dealing with goldfx is highly risky, and investors may suffer financial losses and identity theft, as there are no rules in place to safeguard them. Therefore, we strongly suggest investors stay away from unlicensed brokers like goldfx and instead choose a fully regulated one.
See more
Is Master Door FX regulated in Australia?
Praveen Kumar Sahoo
San Marino
2023-08-01
ANSWER Master Door FX is an offshore company registered with the Financial Services Authority of St. Vincent and the Grenadines (SVG FSA) and supposedly located in the US yet not supervised by the National Futures Association (NFA). It is an unlicensed broker and thus not regulated in Australia.While we are able to locate a firm called Master Door Fx in the SVG FSA register, it is crucial to note that the offshore financial watchdog has explicitly stated that entities engaging in forex trading and brokerage are not licensed from this jurisdiction. As such, the investment services/products offered by Master Door Fx are unlicensed.Additionally, Master Door Fx provides an address in the US to appear real. As per US law, if it seeks to launch a business in this country, it is required to be regulated by the NFA and the Commodity Futures Trading Commission (CFTC). So it has to be an NFA-member at first. However, we searched for this company in the NFA register but no records matching it exist.More importantly, to check its licensing data in Australia, we searched the Australian Securities and Investments Commission (ASIC) for Master Door FX. However, we have been unable to find corresponding data, suggesting that it is not regulated in Australia.In conclusion, Master Door Fx is an unlicensed broker that comes with significant risks, such as financial losses and identity theft, as there isn't any regulatory oversight to protect investors from fraud or theft. Therefore, we strongly suggest investors stay away from unlicensed brokers like Master Door Fx and instead choose a fully regulated one.
See more
What's the leverage UNFXB offer?
Timur
Moldova
2023-07-27
ANSWER We strongly suggest you drop the plan to engage with UNFXB, an unregulated broker.UNFXB claims to be a brand owned and operated by UNFXB PTY LTD, a company supposedly authorized and regulated by the Australian Securities and Investments Commission (ASIC) with license number 001301275. However, we searched the ASIC register and discovered that the license has been canceled.Additionally, the company claims to be authorized and licensed by the National Futures Association (NFA) with ID 0553715. However, records from the NFA suggest that it is not a member of this authority and thus not subject to their oversight.Furthermore, UNFXB claims to have a company called UNFXB LTD in Saint Vincent and the Grenadines with registered number 26505 BC 2021. While it is true that we did find matching data on the register of the Financial Services Authority of Saint Vincent and the Grenadines (SVG FSA), it is crucial to note that this offshore watchdog has explicitly stated that entities engaging in forex trading and brokerage are not licensed in this jurisdiction.In conclusion, UNFXB is not a safe choice for investment due to its status as an unregulated broker. It carries significant risks, such as financial losses and identity theft, as there are no rules in place to safeguard investors. Therefore, we strongly suggest investors stay away from unregulated brokers like UNFXB and instead choose a fully regulated one.
See more

1-10 of 156 questions

Hot Topics

Most Viewed

Download on the

App Store

Download on the

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.