Ivision Market tries to build its credibility by claiming to have a physical address in the UK and providing this registration information, including a registration number (13573035) from the Companies House (CH), a NFA ID (0553552), and an MSB registration number (31000238442500) from FinCEN.
However, it is mandatory for a forex broker in the UK to seek a license from the Financial Conduct Authority (FCA) and the mere registration with the CH doesn't mean being authorized to legally solicit investors in this country. Therefore, while we find a record matching its claim in the CH register, it is a result meaningless in supporting its legitimacy because it lacks authorization from the FCA.
Likewise, the MSB registration is not a certification of legitimacy, or endorsement of the business by any government agency, as stated by the FinCEN (Financial Crimes Enforcement Network). As per the US regulation, forex brokers must be supervised by the Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA). Hence, such companies are required to be a member of the NFA. In the NFA BASIC, Ivision Market Ltd under ID 0553552 is not an NFA member and thus is not subject to NFA's oversight. This means its NFA ID is for tracking purposes only, not a license.
In essence, Ivision Market is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.
Ivision Market is unequivocally a scam.
Ivision Market tries to build its credibility by claiming to have a physical address in the UK and providing this registration information, including a registration number (13573035) from the Companies House (CH), a NFA ID (0553552), and an MSB registration number (31000238442500) from FinCEN.However, it is mandatory for a forex broker in the UK to seek a license from the Financial Conduct Authority (FCA) and the mere registration with the CH doesn't mean being authorized to legally solicit investors in this country. Therefore, while we find a record matching its claim in the CH register, it is a result meaningless in supporting its legitimacy because it lacks authorization from the FCA.Likewise, the MSB registration is not a certification of legitimacy, or endorsement of the business by any government agency, as stated by the FinCEN (Financial Crimes Enforcement Network). As per the US regulation, forex brokers must be supervised by the Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA). Hence, such companies are required to be a member of the NFA. In the NFA BASIC, Ivision Market Ltd under ID 0553552 is not an NFA member and thus is not subject to NFA's oversight. This means its NFA ID is for tracking purposes only, not a license.In essence, Ivision Market is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. Ivision Market is unequivocally a scam.