Forex4you is managed by E-Global Trade & Finance Group, Inc., and it holds a license from the British Virgin Islands Financial Services Commission (BVI FSC) under License SIBA/L/12/1027.
However, BVI is an established offshore financial center. It's important to note that the regulatory oversight provided by the BVI FSC may not be as robust as that of top-tier regulators like the Financial Conduct Authority (FCA). Consequently, investors might have less protection when dealing with Forex4you.
Additionally, the Bank Negara Malaysia (BNM) has included Forex4you on their warning list due to a lack of the required license, which serves as a cautionary signal regarding the broker's regulatory compliance. We advise investors to carefully consider all available information before risking any real money. It is prudent to exercise utmost caution when dealing with Forex4you.
To make informed decisions, investors should conduct thorough due diligence, including reading customer reviews and seeking additional information about brokers. If you're looking for comprehensive broker reviews, BrokersView regularly updates its reviews to assist investors in gaining a better understanding of various brokers.
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