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The system kept telling me that my password was wrong, but I'm pretty sure it was right. What should I do?
Eugene
Cameroon
2023-05-12
ANSWER EIE Trading Market is an unlicensed broker we advise against trading with, despite the seemingly attractive deals it offers.EIE Trading Market claims to have the MSB license by the Financial Crimes Enforcement Network (FinCEN) with registration number 31000232412341. Although we did find records on the FinCEN website matching this company, it is important to note that the agency's mission is to crack down on financial crimes, not to regulate the financial markets. In the US, the authority to regulate futures and derivatives markets rests with the National Futures Authority (NFA), and all entities engaging in such activities, as required by law, must be NFA-members. Despite EIE Trading Market providing an NFA number of 0553250, our search in the NFA registry doesn't support its legitimacy: the number belongs to a company named HD Markets Global Limited, not an NFA-member. This means that any offering of financial services or products by EIE Trading Market is literally illegal.In addition, the Comisión Nacional del Mercado de Valores (CNMV) has added EIE Trading Market to its warning list for it providing investment services without authorization. You can access the full warning by clicking here.Regarding your question, such situation may be a trick by fraudulent brokers like EIE Trading Market. If contacting them for solutions, they may ask for extra money as fees. We strongly suggest you avoid dealing with EIE Trading Market and other unlicensed brokers, as there are no legal protections in place to prevent fraud or theft. Investors are encouraged to choose fully regulated brokers only.
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