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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

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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