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Is MTrading recommended for beginners, what are good/bad features about it if I'm new to cfd tradings?
Kanaka Shetty
India
2025-04-15
ANSWER Dear Investor, MTrading’s regulatory compliance raises significant red flags, particularly for novice traders. The broker solely relies on its claimed registration with the Financial Services Authority of St. Vincent and The Grenadines (SVG FSA) to validate its legitimacy. However, this registration does not constitute a recognized financial license and originates from an offshore jurisdiction known for minimal regulatory oversight and limited investor protections. Moreover, MTrading has been flagged by the Ukraine National Securities and Stock Market Commission (NSSMC) and the Malaysia Securities Commission (Malaysia SC) for engaging in unauthorized investment activities. In light of these concerns, we strongly recommend exercising extreme caution and, ideally, avoiding their services altogether. For further details about its features, we suggest visiting MTrading's official website.
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What do you think about FBS legitimacy in the trading industry, is it a safe broker?
Saleet al-Minhas
United Arab Emirates
2025-04-12
ANSWER Dear Investor, FBS, an offshore forex broker, might not be considered a safe one. FBS is registered with the Belize Financial Services Commission (Belize FSC) and is licensed by the Cyprus Securities and Exchange Commission (CySEC). However, it is important to note that offshore regulatory jurisdictions often have less stringent rules and offer fewer protections for investors compared to top-tier financial regulators. Moreover, our findings suggest that FBS may exhibit weak regulatory compliance. The broker has reportedly received warnings from several financial authorities for unauthorized operations, such as the Ukraine National Securities and Stock Market Commission (NSSMC) in the United Kingdom, the Malaysia Securities Commission (Malaysia SC), and the Comissão de Valores Mobiliários (CVM) in Brazil. These warnings raise significant concerns about the credibility and reliability of FBS. In light of these factors, we strongly recommend exercising extreme caution when dealing with FBS.
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want to withdraw money
phonemanee hansay
United States of America
2025-03-29
ANSWER Dear Investor, We understand the distress and frustration this situation may have caused you. To assist our colleagues responsible for addressing such matters, we recommend filing a complaint on our platform at https://www.brokersview.com/complaint. Please provide as much detailed information as possible, including: 1) Your account details, 2) The amount involved, 3) Any relevant contact information. If you have supporting evidence, such as screenshots, please attach them along with your complaint. Additionally, please be cautious of recovery room scams. Fraudsters may claim they can recover your funds for a fee. Exercise extreme caution, as these claims are typically untrue, and their sole intention is to exploit your hope for refunds in order to defraud you. Should you have further questions or require additional assistance, please do not hesitate to contact us.
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Is Dollars Markets a scam? My money is withheld by them.
Polina
Indonesia
2025-03-27
ANSWER Dear Investor, We have recently received several complaints from customers of Dollars Markets regarding issues with withdrawals. Upon careful investigation, we have identified significant risks associated with this broker. Their regulatory compliance is weak, as they are registered in offshore jurisdictions that are known for their lax regulations and limited investor protections. Furthermore, the broker exhibits a lack of transparency, especially concerning their communication channels. Notably, they do not provide adequate contact options, such as a publicly listed email address or telephone number on their "Contact Us" page. While the broker claims to be licensed by the Mauritius Financial Services Commission (Mauritius FSC), we encourage you to report your concerns to the authority for further assistance. Additionally, we suggest submitting your complaint on our platform at https://www.brokersview.com/complaint. Our team will thoroughly review your case and strive to provide possible solutions or helpful advice.
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I see ads of Aksys Global Markets, please help verify its license.
Shakeel kumar
France
2025-02-13
ANSWER Dear Investor, Thank you for reaching out to us. Aksys Global Markets Ltd claims to be licensed by the Mauritius Financial Services Commission (Mauritius FSC) to appear regulated and reliable. However, we advise you to exercise extreme caution for the following reasons: Firstly, the Mauritius FSC's website does not provide the domain name or website address of the licensee for verification. This allows some fraudulent entities to copy the information and falsely claim to hold the license, making it difficult for investors to confirm the authenticity of such claims. Consequently, it is unclear whether aksysglobalmarkets.com is genuinely associated with the company registered with the Mauritius FSC. Secondly, Mauritius is known as an offshore area with lax regulations and supervision, offering little protection for investors. As a result, we have received complaints from customers dealing with brokers licensed only by the Mauritius FSC. Given these concerns, we strongly suggest you reconsider your options. If you decide to trade with Aksys Global Markets, please exercise utmost caution.
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تحذير نصب شركة Belleofx
shalati
Kuwait
2025-01-27
ANSWER Dear Investor, We understand how distressing and frustrating this issue may be for you. Upon our investigation, BelleoFX appears to be an offshore broker subject to weak regulations. We recommend filing a complaint on our platform at https://www.brokersview.com/complaint, where our dedicated team will thoroughly review your case and work diligently to explore any potential resolutions or offer helpful suggestions. Kindly provide us with as much detailed information as possible, including your account details, the amount involved, and any relevant contact information. If you have any supporting evidence, such as screenshots, please attach them along with your complaint. Should you have any further questions or require additional assistance, please do not hesitate to contact us. If you have a WhatsApp or Telegram account, we would appreciate it if you could share these contact details with us. This will enable our colleagues to reach out to you directly. Please rest assured that we are committed to supporting you through this challenging situation.
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Is BCR legitimate or not?
Ayilara
Brazil
2024-12-12
ANSWER Dear Investor, Thank you for reaching out to us. We currently find that BCR is licensed by both the British Virgin Islands Financial Services Commission (BVI FSC) and the Australian Securities and Investments Commission (ASIC). However, the specific URL you inquired about may only fall under BVI FSC jurisdiction. Bacera Co Pty Ltd., which holds the ASIC license, has announced that the accounts of non-Australian clients of BCR would be opened under the BVI FSC-licensed entity BCR Co Pty Ltd. Given this situation, your account would be subject to BVI FSC jurisdiction, which is known for lax supervision and minimal protections for investors due to its offshore nature. In addition to its regulatory status, it is critical to note that we have recently received many reports from BCR customers about poor support and withdrawal issues. This reflects the potential risks. Customer reviews are also a criterion for assessing a broker's reliability. Therefore, we suggest you reconsider your choice of BCR and exercise extreme caution when dealing with it.
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