Heads Up! Changes in Licenses of 4 Forex Brokers This Week!

The status of licenses held by the following forex brokers has seen changes this week. WikiFX has summarized all the information for your reference, aiming to protect you from investment risks!

Limit Markets: It claims to hold the license of Retail Foreign Exchange Dealer (RFED) authorized by the Vanuatu Financial Services Commission (VFSC) whereas the status of the license has changed from ‘Regulated’ to ‘Revoked’. The broker‘s rating on WikiFX is 1.77 and it isn’t effectively regulated at the moment on the heels of revocation of its license.

VMGFX: The status of its EEA permit has changed from ‘Regulated’ to ‘Revoked’. The rating of the broker on WikiFX is 1.44 and it is under no valid regulation at present.

BROOK: It claims to hold the license of Financial Adviser authorized by the Australian Securities and Investments Commission (ASIC) whereas the license is suspected to be cloned whose status has changed from ‘Regulated’ to ‘Revoked’. The broker‘s rating on WikiFX is 1.21 and it isn’t under regulation currently in the wake of revocation of its license.

PJB: It claims to hold the RFED license authorized by BAPPEBTI, an agency with regulatory responsibility for various financial institutions in Indonesia. The status of this license has changed from ‘Regulated’ to ‘Revoked’ and the brokers rating is 5.45 on WikiFX. At present, it also holds an RFED license authorized by the Indonesia Commodity and Derivatives Exchange (ICDX). However, the platform is still risky! As a reminder, please watch out for it!

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