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Scam Warning: Beware of the Canadian Forex broker Time Market
Abstract：The forex market carries substantial risks. As a forex trader, you must avoid dealing with a fraudulent forex broker. Here we found Time Market is a scam, cheating traders with various decent conditions.
The end goal is almost always the same - scam your money.
Understanding exactly who are illegal and unregulated brokers and how to avoid dealing with them is an essential part of protecting your money.
Time Market leaves out critical information
Time Market claims to be a regulated leading international financial derivatives and related service provider. Click “License and Platform”, we found no regulatory documents and certificates.
Additionally, when clicking “Privacy Policy” and “Terms and Conditions”, it won't take you to the right pages. There is no section on the website that the broker cares to disclose any critical information.
Lacking these details may be a distinct sign of unlicensed brokers because legit brokers always present their certificates and important documents in a prominent position. It is a red flag here.
The Canadian broker holds no regulation
The company is located at 7404 King George Suite 200 Surrey, BC V3W1N6, which belongs to a Canadian city.
As per Canadian law, all investment brokers and trading activities should possess licenses or authorization issued by the Investment Industry Regulatory Organization of Canada (IIROC). However, we did not find any results for Time Market in IIROC.
That means Time Market is not under valid regulation to offer forex activities by any regulators. Investors' funds in this broker are unsafe and cannot be protected by any law.
Based on the above information, we can conclude that Time Market is a scam.
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.
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