Reported Website: https://www.bloomforextrades.com/
BloomForexTrades claims it was established in 2017 and it is a brand name of Exinity Group. However, when we checked its domain, we found it was created on 19 Aug 2021. So how could it start its business in 2017? It is a red flag here. Besides, BloomForexTrades claims it has two office addresses in the United State and the United Kingdom respectively. We did searching in the Financial Conduct Authority (FCA) and the National Futures Association (NFA) but find nothing about BloomForexTrades or Exinity Group. Apparently, BloomForexTrades is not an approved broker to do forex in the above two countries. What’s more, this broker claims it is regulated by the Vanuatu Financial Service Commission (VFSC). However, we did not find any match results to BloomForexTrades or Exinity Group. That means BloomForexTrades is not regulated by any regulators. Investors’ money in this broker is unsafe and cannot be protected by any law. Therefore, it is a scam.
