Firstly, Keystone Market fails to disclose its regulatory information and licensing data, which can be interpreted as a scam indicator, as legitimate brokers always prominently display such information.
Secondly, Keystone Market claims that it will do its best to comply with the rules set by the National Futures Association (NFA) even though it is not an member of the NFA. This is a contradictory statement. To truly abide by the law, the first thing to do is to become a member of NFA and accept the supervision of this regulatory agency.
At last, the Ontario Securities Commission (OSC) has issued a warning against Keystone Market, saying it is not registered in Ontario to engage in the business of trading in securities.
In essence, Keystone 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. It is unequivocally a scam.
Firstly, Keystone Market fails to disclose its regulatory information and licensing data, which can be interpreted as a scam indicator, as legitimate brokers always prominently display such information.Secondly, Keystone Market claims that it will do its best to comply with the rules set by the National Futures Association (NFA) even though it is not an member of the NFA. This is a contradictory statement. To truly abide by the law, the first thing to do is to become a member of NFA and accept the supervision of this regulatory agency.At last, the Ontario Securities Commission (OSC) has issued a warning against Keystone Market, saying it is not registered in Ontario to engage in the business of trading in securities.In essence, Keystone 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. It is unequivocally a scam.