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FRFX

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Operating status: SCAM

Website: http://www.florisiprime.com/

Broker violations and abnormal records
  • 2022-10-27 BrokersView has Reviewed that FRFX is an Unregulated Forex Broker

    FRFX claims to be owned and operated by FLOURISI LIMITED, a company authorized and regulated by the US National Futures Association (NFA) with the license: 0551772, the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) under license: M20201096, and the Financial Crimes Enforcement Network (FinCEN) with the license: 31000226418708.

    First, we indeed find match results to FRFX in FINTRAC and FinCEN. But please be informed that the above two authorities are not forex regulatory bodies that regulate entities engaging in forex services. Second, we also found a matching result to this broker in NFA's registry, however, FRFX is not overseen by NFA as it is not an approved member of the regulator. As a forex trader, you must bear in mind that if a broker claims to be eligible to solicit US customers in forex activities, it must: 1) be accredited as an approved Forex Dealer Member of NFA; 2) be admitted as a "retail forex exchange dealer." Obviously, FRFX doesn't satisfy these conditions. 

    The truth is, FRFX is not under valid regulation by any regulators to do forex. Investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.

    FRFX claims to be owned and operated by FLOURISI LIMITED, a company authorized and regulated by the US National Futures Association (NFA) with the license: 0551772, the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) under license: M20201096, and the Financial Crimes Enforcement Network (FinCEN) with the license: 31000226418708.First, we indeed find match results to FRFX in FINTRAC and FinCEN. But please be informed that the above two authorities are not forex regulatory bodies that regulate entities engaging in forex services. Second, we also found a matching result to this broker in NFA's registry, however, FRFX is not overseen by NFA as it is not an approved member of the regulator. As a forex trader, you must bear in mind that if a broker claims to be eligible to solicit US customers in forex activities, it must: 1) be accredited as an approved Forex Dealer Member of NFA; 2) be admitted as a "retail forex exchange dealer." Obviously, FRFX doesn't satisfy these conditions. The truth is, FRFX is not under valid regulation by any regulators to do forex. Investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.
  • 2022-12-12 BrokersView has found that FRFX is not working

    BrokersView found the domain "http://www.florisiprime.com/" is not working, as most probably it was suspended and it is always a bad sign when broker's website is suspended.

    BrokersView found the domain "http://www.florisiprime.com/" is not working, as most probably it was suspended and it is always a bad sign when broker's website is suspended.

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