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efi markets

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My friend recommended this platform to me. It is reliable?
JavierVuelaLibre undefined
Luxembourg
2023-08-02
ANSWER EFI Markets isn't a reliable platform to engaging with. It is not licensed to offer investment services/products and thus is risky.EFI Markets claims to be regulated by Financial Transactions and Reports Analysis Center of Canada (FINTRAC) with MSB M22513057. However, this Canada's financial intelligence unit has explicitly stated that registration with FINTRAC does not indicate that FINTRAC endorses or licenses the business. Therefore, what EFI Markets provides are not licensed. It is falls outside the regulatory framework.In conclusion, EFI Markets is not a safe choice. Investors dealing with this broker are exposed to significant risks, such as financial losses and identity theft, which could be financially and personally devastating. Therefore, we strongly suggest investors avoid unlicensed brokers like EFI Markets and opt for 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.

Disclaimer:

The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.