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Pay Attention! Three FX Brokers are Losing Their Licenses
Abstract：If you are trading in the forex market, regulation should be an important consideration. You should check not only the licenses that brokers claim to have in different countries but also whether they are also valid.
ROinvesting
Regulatory status: under examination for voluntary renunciation of the authorisation
ROinvesting is registered as an CIF (license no. 269/15 ) of CySEC to operate as an investment firm. When checking on the CySEC register, we found the regulatory status of ROinvesting changed into under examination for voluntary renunciation of the authorisation.
ETFinance
Regulatory status: under examination for voluntary renunciation of the authorisation
ETFinance is registered as an CIF (license no. 359/18 ) of CySEC to operate as an investment firm. When checking on the CySEC register, we found the regulatory status of ETFinance changed into under examination for voluntary renunciation of the authorisation.
EuropeFX
Regulatory status: Suspended
EuropeFX is registered as a CIF (license no. 258/14 ) of CySEC to operate as an investment firm. When checking on the CySEC register, we found the regulatory status of EuropeFX changed into “Suspended”.
Please note that there are certain risks due to license changes of the three brokers, therefore, you should pay attention to your money.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
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Close Up with WikiFX - A Closer Look at Taurex
With the rapid growth of the global multi-asset investment market, the disparities in the forex industry across different regions have become increasingly evident. As a forex broker information service platform operating in over 180 countries and regions, WikiFX is committed to helping investors in each region identify reliable brokers. Therefore, WikiFX launched a new series — Close Up with WikiFX, which offers in-depth interviews with local brokers. Leveraging WikiFXs robust big data system and industry insights, the series aims to help investors gain a deeper understanding of high-quality brokers.
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Breaking News: OmegaPro Caught in a $650 Million Forex and Crypto Investment Scam
An indictment was leveled against two men in the District of Puerto Rico for their alleged involvement in the operation and promotion of OmegaPro, an international investment scheme that has led to financial losses worth over $650 million for investors. Check more about this story
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