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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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