Exor Company claims to be a reliable broker without presenting any information about its regulation. The lack of such important information may be a distinct signal of an unlicensed broker, as regulated brokers always present their accreditations and licenses in a prominent position. It is a red flag.
According to its website, the broker is located in New Zealand. However, the New Zealand Financial Markets Authority (NZ FMA) issued a warning that Exor Company were not registered on the Financial Service Providers Register to provide financial services in New Zealand. The telephone numbers listed on the website are not active.
The truth is that Exor Company is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, it is a scam.
Exor Company claims to be a reliable broker without presenting any information about its regulation. The lack of such important information may be a distinct signal of an unlicensed broker, as regulated brokers always present their accreditations and licenses in a prominent position. It is a red flag. According to its website, the broker is located in New Zealand. However, the New Zealand Financial Markets Authority (NZ FMA) issued a warning that Exor Company were not registered on the Financial Service Providers Register to provide financial services in New Zealand. The telephone numbers listed on the website are not active.The truth is that Exor Company is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, it is a scam.