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Operating status: SCAM
Website: https://poias.co
Poia claims it is one of Australia's original Meta Trader 4 Forex brokers and it has been operating since 2008. However, when we checked its domain, we found it was newly created in 2022. So how could it start to offer services in 2008? It is a red flag here. Besides, to be able to operate in Australia or offer financial services to Australians, brokers are required to hold a license in the Australian Securities & Investments Commission (ASIC). But we did not find any match results to Poia in ASIC.
What's more, this broker claims it is regulated by the National Futures Association (NFA) with regulation number: 0545549. However, searching in the NFA, we found Poia is not an NFA member. That means Poia is not regulated by any regulators. Investors' money in this broker is unsafe and cannot be protected by any law. Therefore, it is a scam.
BrokersView found the domain https://poias.co is temporarily unavailable, as most probably it was suspended and it is always a bad sign when broker's website is suspended.
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