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Forex5

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Operating status: SCAM

Website: https://forex5.me/

Broker violations and abnormal records
  • 2024-01-22 BrokersView has reviewed that Forex5 is an unregulated trading platform

    According to its website, Forex5.me is controled by LEADTECH FX LTD. It is an investment advisor registered with the Securities and Exchange Commission ("SEC"). Upon investigation, no matching information was found in the SEC. It is located in the USA. Upon investigation, no matching information was found in the National Futures Association (NFA).

    In essence, Forex5 is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.

    Forex5 appears to be a scam.

    According to its website, Forex5.me is controled by LEADTECH FX LTD. It is an investment advisor registered with the Securities and Exchange Commission ("SEC"). Upon investigation, no matching information was found in the SEC. It is located in the USA. Upon investigation, no matching information was found in the National Futures Association (NFA).In essence, Forex5 is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.Forex5 appears to be a scam.

Related Complaints

Q&A

Is Forex5 regulated?

Sunil Montha
Slovenia
2024-03-01
ANSWER Forex5, a forex trading platform, is not regulated. Despite its claim of being registered with the Securities and Exchange Commission (SEC), no matching records were found in the SEC register. As a forex trading platform purportedly based in the US, it is required to be registered as a member of the National Futures Association (NFA). However, there is no evidence to suggest that Forex5 is registered, and therefore, it is not under the NFA's jurisdiction.Consequently, Forex5 is not a secure option and poses significant risks, including fraud and identity theft. Investors who engage with unlicensed forex brokers may become victims of fraudulent activities. To mitigate such risks, it is strongly advised to avoid unlicensed entities like Forex5 and opt for fully regulated ones instead.
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Risk Warning:

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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