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Could you please tell me about FOREXPROAI's license?
Lammert Wasef
Turkmenistan
2 hours ago
ANSWER FOREXPROAI appears to operate without the required licenses.FOREXPROAI doesn't provide information about its regulatory status, which is a significant indicator of a potential scam. Legitimate brokers are obligated to display their accreditation and licenses prominently on their websites to ensure transparency. The absence of such information on FOREXPROAI's website suggests that it may not be a legitimate operation.Furthermore, the Financial Conduct Authority (FCA) has added FOREXPROAI to its warning list as an unauthorized firm in the UK. You can refer to the full FCA warning [here]. This inclusion further underscores the substantial risks involved in dealing with this firm.Consequently, trading with FOREXPROAI could potentially lead to fraud and identity theft. To safeguard their interests, investors are strongly advised to choose fully regulated brokers only.
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Is SGB Finance trustworthy?
Andri CV. Ramanath
Greenland
2 hours ago
ANSWER No, you should not trust SGB Finance. It exhibits traits commonly found among scammers, making its offerings potentially dangerous.SGB Finance does not provide details about its regulatory status, information that legitimate entities prominently display on their websites to ensure transparency. This is a red flag. Notably, a UK phone number is listed on its website. However, upon searching for this company in the register of the UK's financial watchdog, the Financial Conduct Authority (FCA), it was found to be an unauthorized firm within this country. You can read the full FCA warning [here] for more information about the risks involved.Therefore, it is recommended to steer clear of SGB Finance. For safety and security, investors are advised to choose brokers that are fully regulated by reputable financial authorities and have a proven track record of reliability and transparency.
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How many commission does Safino Group charge?
Marina Naeem
Denmark
4 hours ago
ANSWER We strongly advise against engaging with Safino Group, irrespective of the allure of the deals it presents. This platform, which appears to be unregulated, poses significant risks.Allegedly based in Sweden, this company is not registered with the Finansinspektionen (FI), the country's financial regulatory authority. There is no evidence of its legitimacy in official documents. Furthermore, the UK's Financial Conduct Authority (FCA) has flagged its unlicensed financial activities and issued a warning against Safino Group. This highlights the substantial risks involved and urges individuals to steer clear of it.To prevent potential fraud and identity theft, we recommend investors to avoid Safino Group. Opting for fully regulated brokers is a safer choice.
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How's the review of GRAND BLOOM FROEX? Can I trust GRAND BLOOM FROEX?
Michalina Muench
Timor-Leste
8 hours ago
ANSWER GRAND BLOOM FROEX appears to be untrustworthy and potentially involved in identity theft.The Australian Financial Services License (AFSL) number it claims to possess belongs to another company registered with the Australian Securities and Investments Commission (ASIC). This other company seems to have no connection to GRAND BLOOM FROEX, suggesting that the platform is fraudulently using the details of a legitimate entity to deceive investors.As such, investors trading with GRAND BLOOM FROEX will expose themselves to fraud, which could lead to severe consequences. To avoid such risks, it is recommended to stay away from unlicensed brokers like GRAND BLOOM FROEX and instead choose fully regulated ones.
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Globalassetfirm has license or not? It's important to me!
Roc Groenewald
Great Falls
9 hours ago
ANSWER Globalassetfirm is operating without the required licenses, and we strongly advise against trading with this firm.Despite Globalassetfirm's claims of being regulated by various financial regulators, our investigation has found no evidence to support these assertions. The firm's dishonest practices strongly suggest an intention to defraud its clients. Notably, the Financial Conduct Authority (FCA) has added Globalassetfirm to its warning list, classifying it as an unauthorized firm within its jurisdiction. You can access the full FCA warning [here]. This serves as solid evidence of Globalassetfirm's illegitimacy.Therefore, to avoid becoming a victim of fraud and identity theft, we recommend investors steer clear of Globalassetfirm and other unlicensed brokers. It is always safer to choose fully regulated firms.
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Can you help me? Does ICE Markets get license??
Sang Ceron
St.Kitts and Nevis
2023-11-28
ANSWER No, ICE Markets is a trading platform that claims to be based in Malaysia, operating without the required license. ICE Markets is unequivocally a scam.It claims to be a regulated forex broker in Malaysia under the Labuan Financial Services Authority (Labuan FSA), but a search for its company, ICE-FX Markets Limited, in the Labuan FSA register, found no matches. This discrepancy reveals ICE Markets' fraudulent intentions. Despite its claims, ICE Markets is unregulated, making investments risky due to lack of legal protections. It is definitively a scam. To avoid falling victim to fraud and identity theft, it is advisable to steer clear of ICE Markets and instead choose fully regulated brokers.
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Does Elitetradeltd have islamic account?
Williams Kong
Palau
2023-11-28
ANSWER Elitetradeltd is an unregulated forex broker. We strongly suggest you avoid engaging with it.Elitetradeltd purports to be regulated by the Financial Conduct Authority (FCA) under Reg number 12890756, but this number is not found in the FCA registry. Its "Certificate of Incorporation" link oddly leads to a CH license for Bitstocks Ltd, seemingly unrelated to Elitetradeltd. Even if the CH certificate were valid and the companies linked, Elitetradeltd would still be unlicensed, as CH registration doesn't authorize UK financial services. Thus, Elitetradeltd lacks regulation, making investment risky due to lack of legal protections.To avoid falling victim to fraud and identity theft, it is advisable to steer clear of unlicensed brokers like Elitetradeltd and instead choose fully regulated ones.
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What are the basic currencies OPECFX TRADE accept?
Kanthan Kah Sing
Nicaragua
2023-11-28
ANSWER OPECFX TRADE is a fraudulent trading platform that presents a counterfeit certificate to appear legitimate. Our investigation has revealed significant risks to investors, and we strongly advise against trading with it.OPECFX TRADE falsely purports to be a member of the Financial Industry Regulatory Authority (FINRA). However, our search in the registers of both FINRA and the National Futures Association (NFA) yielded no results. These dishonest practices strongly suggest an intention to defraud.Furthermore, the Financial Conduct Authority (FCA) has issued a warning against OPECFX TRADE, classifying it as an unauthorized firm in the UK, which further underscores the risks involved.Therefore, we urge traders to steer clear of OPECFX TRADE to avoid falling victim to fraud and identity theft. To minimize risks, we recommend choosing fully regulated brokers only.
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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.

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