CFTC Blacklist Firm Claiming to be Regulated in the US

Discussion in 'Wall St. News' started by mlawson71, Sep 2, 2020.

  1. mlawson71

    mlawson71

    The American regulator CTFC (he Commodity Futures Trading Commission) issued a warning about a number of fake Forex, CFD and crypto companies that are operating on US soil. Here is a list:

    Bitfx24option dot com, Fidelityfxtrade dot com, Granttradefx dot com, iMarketsserviceFX dot com, Toptradecapitalfx dot com, Westtechtrade dot om, Westintrade dot com, Yobcryptotrade24 dot com, Zenithoptionstrade dot net, and Zenithtradermarkets dot com.

    What is more, many of these “companies” claim to be regulated by the US National Futures Association, which is not true.

    The CTFC also banned Goldman Global Investment Funds Ltd., Merryl Morgan, Sumtrades dot com, Swiss FX Trade, and Ultracapitals for fraud.

    Always double check whether the broker you’re working with is actually registered where they say they are, that information is public!
     
    guru and Lou Friedman like this.
  2. Overnight

    Overnight


    LOL, "Merryl Morgan". Sounds like something the Chinese would come up with.