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FarallonFX

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Operating status: SCAM

Website: https://www.farallonfx.com

Broker violations and abnormal records
  • 2024-05-12 BrokersView has Reviewed that FarallonFX is an Unregulated Broker

    FarallonFX claims to be owned and operated by Machuk LLC, a company in Republic of the Marshall Islands, registration number: 965995, offering wide range of financial services, including Crypto, Forex, Indices, Commodities and more instruments in global markets.

    We did find a Machuk LLC in the Marshall Islands company registration, but the Marshall Islands does not regulate financial derivatives brokerage services.

    The truth is that FarallonFX is not regulated by any regulators. Letting it hold or control investors' money is unsafe, and the money can not be protected by any laws.

    FarallonFX is a scam.

    FarallonFX claims to be owned and operated by Machuk LLC, a company in Republic of the Marshall Islands, registration number: 965995, offering wide range of financial services, including Crypto, Forex, Indices, Commodities and more instruments in global markets.We did find a Machuk LLC in the Marshall Islands company registration, but the Marshall Islands does not regulate financial derivatives brokerage services.The truth is that FarallonFX is not regulated by any regulators. Letting it hold or control investors' money is unsafe, and the money can not be protected by any laws.FarallonFX is a scam.
  • 2024-12-08 The CNMV issues a warning against FarallonFX

    On December 9, 2024, the Comisión Nacional del Mercado de Valores (CNMV) has added FarallonFX to its warning list for providing investment services without authorization. https://www.cnmv.es/portal/ResultadoBusqueda.aspx?tipo=1&nombre=FARALLONFX

    FarallonFX scam

    On December 9, 2024, the Comisión Nacional del Mercado de Valores (CNMV) has added FarallonFX to its warning list for providing investment services without authorization. https://www.cnmv.es/portal/ResultadoBusqueda.aspx?tipo=1&nombre=FARALLONFX

Related Complaints

Q&A

Does FarallonFX offer negative balance protection?

Gerald Hopkins
Canada
2024-05-13
ANSWER FarallonFX is an unlicensed broker, and therefore, its promises cannot be considered reliable due to the lack of regulatory oversight ensuring its compliance.While FarallonFX claims to be registered with the Marshall Islands Registry (IRI), it is critical to note that this entity serves as a privately held maritime and corporate registry service provider. It is not empowered to authorize or regulate forex trading activities. Therefore, mere registration with the IRI cannot be considered as valid authorization for a forex broker to provide financial services. Despite claiming to have an office in the UK, there are no indications that FarallonFX is registered with the Financial Conduct Authority (FCA).Consequently, FarallonFX is operating in an unregulated environment, presenting additional risks to its customers. Investors are strongly advised to steer clear of FarallonFX to avoid falling victim to fraudulent schemes. It is recommended to choose fully regulated brokers 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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