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Abstract：Forex brokers, licenses of which have been changed recently, are listed herein for your reference.
Forex brokers, licenses of which have been changed recently, are listed herein for your reference. Hope to protect you from investment risks!
1. WSFIS
The status of the CYSEC license it claims to hold has changed from ‘Regulated’ to ‘Revoked’. This broker is under no valid regulation at present after the cancellation of its license.
According to users, WSFIS asked for margin calls before completely processing withdrawals whereas its customer service became out of touch, coupled with unavailable withdrawals, just after consumers did as required. It is also worth noting that the trading software used by this forex platform is not MT4!
The rating of the broker on WikiFX is 1.38, which warns all traders to be more alert to this extremely risky platform!
2. SXYFX
It claims to hold the financial permit authorized by the National Futures Association (NFA) whereas the status of the license has changed from ‘Regulated’ to ‘Revoked’. Moreover, this platform has not been effectively authorized based on the regulator!
The rating of SXYFX on WikiFX is 1.18, and it is highly risky as an unregulated broker at the moment. Please heads up for it!
WikiFX, a forex broker info search tool, is popular among global senior investors! (bit.ly/wikifxIN)
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
About a year after Interactive Brokers got a $38 million fine for widespread AML failures, a client has launched a lawsuit against the broker for allegedly aiding and abetting the fraudulent scheme at the basis of the misconduct that led to the penalty.
Here is a list of forex brokers whose licenses have been revoked recently to protect traders from illegal platforms and frauds.
The status of licenses held by the following forex brokers has seen changes this week.
To help investors prevent risks and protect funds, three brokers that have license status updated are presented.
WikiFX WikiFX WikiFX WikiFX WikiFX WikiFX WikiFX WikiFX WikiFX WikiFX
