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Will FisherForex put clients' funds in a segregated bank account?
Shaman
Denmark
2023-05-18
ANSWER FisherForex is an unlicensed broker we advise against trading with, despite the seemingly attractive deals it offers.FisherForex displays logos of recognized financial regulators on its homepage including the Cyprus Securities and Exchange Commission (CySEC), the Italian Companies and Exchange Commission (CONSOB), the Comisión Nacional del Mercado de Valores (CNMV), and the Financial Services Authority Seychelles (FSA Seychelles) to imply that it might have an association with these agencies and to appear legitimate. However, our search for this broker in the registries of authorities thereof proves that it is using these images to create an impression of being regulated so that it can fool unsuspecting investors. In addition, the CNMV has added FisherForex to its warning list for offering investment services illegally.Regarding your question, we suggest you avoid dealing with FisherForex since it is not supervised by any regulatory body. Once your money is in this platform, there are no rules to protect it. Therefore, we strongly suggest investors stay away from unlicensed brokers like FisherForex and opt for fully regulated ones instead.
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