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SFM Global

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Operating status: SCAM

Website: https://www.sfmmarket.com/

Broker violations and abnormal records
  • 2024-09-09 BrokersView has Reviewed that SFM Global is an Unregulated Broker

    According to its website, it claims to be registered in Saint Lucia, trying to prove its legitimacy, but Saint Lucia does not have the right to regulate foreign exchange. In addition, its actual address is Bulgaria. Upon investigation, no matching inforamtion was found in the Bulgaria Financial Supervision Commission (Bulgaria FSC). Therefore, SFM Global is clearly a scam.

    According to its website, it claims to be registered in Saint Lucia, trying to prove its legitimacy, but Saint Lucia does not have the right to regulate foreign exchange. In addition, its actual address is Bulgaria. Upon investigation, no matching inforamtion was found in the Bulgaria Financial Supervision Commission (Bulgaria FSC). Therefore, SFM Global is clearly a scam.

Related Complaints

Q&A

Is this a scam or not: SFM Global.

zhifeng chu
Cyprus
2024-12-31
ANSWER Dear Investor, Thank you for reaching out to us. We are concerned that SFM Global is a potential scam. SFM Global claims to provide financial services for trading different assets, including Forex, Futures, and Indices. However, the broker only relies on the purported registration in St. Lucia to demonstrate its crediblity and compliance, which cannot constitute a valid license for its business. Firstly, St. Lucia is an offshore area known for its lax regulation and minimum protections for investors. Secondly, the country doesn't license forex trading activities. Therefore, your money entrusted with SFM Global is not safe. For a safer trading environment and peace of mind, it is critical to do thorough research and opt for fully regulated brokers.
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Please verify SFM Global's legitimacy.

JP Rossi
Vietnam
2024-09-11
ANSWER Dear Investor,We are concerned that SFM Global is a scam.Offshore Registration: SFM Global claims to be registered in St. Lucia, a jurisdiction known for its lax regulatory environment. Additionally, forex trading is not licensed in St. Lucia, indicating that SFM Global operates without regulatory oversight.Lack of Valid Licenses: SFM Global does not provide any valid licenses to support its legitimacy in the market. This is a strong indication that it is an unlicensed broker.Given these factors, we strongly advise against using SFM Global. For a safer trading environment, we recommend choosing brokers that are fully regulated.
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