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cboe digital

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From your professional point of view, what kind of trader is Cboe Digital?
Luis Mahenthiran
Slovenia
2023-09-13
ANSWER Cboe Digital is a scam.At the bottom of its homepage lies its regulatory information, which claims that Cboe Digital is registered with the Commodity Futures Trading Commission (CFTC). A broker in the US must be registered with both CFTC and the National Futures Association (NFA) to ensure compliance with rules and standards, investor protection, and market integrity. Since the NFA operates under the regulatory oversight of the CFTC and they share information and resources, by checking the NFA BASIC, investors can verify whether a forex broker is registered with both the CFTC and the NFA. However, our search for Cboe Digital in the NFA BASIC returned no results. This means the platform's claim about its regulatory status is a false statement.Therefore, Cboe Digital is an unlicensed broker, posing significant risks such as financial losses and identity theft, which could be financially and personally devastating. Since there are no rules in place to prevent fraud and identity theft, investors dealing with the fake platform are vulnerable and helpless if any violation occurs. As such, to avoid such risks, we highly recommend choosing a fully regulated broker instead.
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