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fxtm investment-option

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Is FXTM Investment Option regulated?? Im really confused.
Vahrokh
2022-09-29
ANSWER FXTM Investment Option is not a licensed or regulated broker even though it states offers that look good to be true. FXTM Investment Option claims to be regulated by the Gibraltar Financial Services Commission (GFSC). We searched GFSC but did not found any matching results. Besides, GFSC does not regulate forex brokers or issue forex licenses. Moreover, the broker claims to be regulated by the Cyprus Securities and Exchange Commission (CySEC), the Australian Securities & Investments Commission(ASIC), and the United Kingdom Financial Conduct Authority (FCA). However, we did not found any results that matched this broker in CySEC or ASIC. As for the regulation in FCA, when we checked in FCA, we only found this broker had been blacklisted by FCA for providing financial services without authorization. You can check the full warning from here.The truth is, FXTM Investment Option is not overseen by any regulators. That means your personal data or your funds in this broker are unsafe and cannot be protected by any law. We would recommend traders stay away from unregulated brokers like FXTM Investment Option and trade with licensed brokers.
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