SCAM ALERT - License Status Changed for these 5 Forex Brokers

Photo: Wikifx

Forex brokers with updated license status are presented below for your information to avoid investment risks.

WikiFX, a forex broker info search tool, is popular among global senior investors has listed the 5 brokers whose license status has changed recently.

CMC markets

Its claimed Retail Forex License of Banque de France (BDF) has been “revoked”. The broker is suspected of having exceeded the authority under the license of the Australia Securities and Investments Commission (ASIC). Although CMCMarkets still holds five regulated licenses, several traders have complained to WikiFX Exposure about failed withdrawals on its platform.

Dukascopy Bank

Its claimed Retail Forex License of Financial Services Agency (FSA) and Financial Services License of Swiss Financial Market Supervisory Authority (FINMA) has been “revoked”, which are suspected to be cloned. Also, there are complaints about failed withdrawals on the Dukascopy Bank.

Gogin

Its claimed FSA Retail Forex License has been “revoked”. The broker is currently under no regulation.

FXORO

Its claimed European Authorized Representative (EEA) License of Financial Conduct Authority (FCA) has been “revoked”. Besides, it has exceeded the authority under the Common Financial Service License of Federal Financial Supervisory Authority (BaFin) and that of BDF.

NSFX

Its claimed EEA License of FCA has been “revoked”. The broker only holds the Market Making of MFSA (The Malta Financial Services Authority), please stay alert.

Reprinted from Wikifx, the copyright all reserved by the original author.