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4x.fm

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bhonethet
Myanmar
2023-06-20
ANSWER Dear Sir/Madam, 4X.FM is an unregulated broker that we advise against trading with despite the seemingly attractive deals it offers.4X.FM claims to be owned and operated by Cixx LLC, a company registered with the Mwali International Services Authority (MISA) under registration number T2022117. While it is true that matching records can be found in the MISA register, it is critical to note that this is a registrar of companies without the authority to issue forex licenses or regulate the industry. Therefore, any offering of investment services or products by this broker remains unsupervised. What's more, both the Financial Conduct Authority (FCA) and the Financial Industry Authority (CSSF) of Luxembourg have added 4X.FM to its warning list for operating in the absence of proper authorization. You may visit the FCA full warning here, and the CSSF warning here.Regarding your question, please collect relevant evidence and report the scam to the local police. Or you can try and file a complaint through our official complaint platform at https://www.brokersview.com/complaint. While we cannot guarantee the recovery of your funds, we are committed to providing assistance and support in any way we can. Please provide us with as much detailed information as possible, including your account details, the amount involved, and any relevant contact information. If you have any supporting evidence, such as screenshots, please attach them along with your complaint.Please note that if you've been a victim of a scam then you're more likely to be targeted by other scammers possibly as part of a recovery room scam. A recovery room scammer will pose as a reputable firm that will help you recover the money you've lost from a previous scam. Please do not make impulsive decisions for recovering your money, or you'll lose more.
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Is 4X.FM reliable?
Louie Quinn
Singapore
2023-06-16
ANSWER 4X.FM is an unregulated broker that we advise against trading with despite the seemingly attractive deals it offers.4X.FM claims to be owned and operated by Cixx LLC, a company registered with the Mwali International Services Authority (MISA) under registration number T2022117. While it is true that matching records can be found in the MISA register, it is critical to note that this is a registrar of companies without the authority to issue forex licenses or regulate the industry. Therefore, any offering of investment services or products by this broker remains unsupervised. What's more, the Financial Conduct Authority (FCA) has added 4X.FM to its warning list for operating in the absence of proper authorization, further proving that the broker falls outside the regulatory framework. You can access the full warning here.Regarding your question, 4X.FM isn't reliable due to its status as an unlicensed broker. It carries significant risks including financial losses and identity theft, as there are no rules in place to protect investors. Therefore, to avoid such risks, investors are suggested to stay away from unlicensed brokers like 4X.FM and choose a fully regulated one.
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Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

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