Reported Website: https://coinfxmarkets.com/
COINFXMARKETS claims to be a financial trading company made up of world class consortium of professional traders while presenting no details about its company regulations. Lacking regulatory information may be a distinct characteristic of unlicensed brokers, as legit brokers always present their certificates and licenses in a prominent position. It is a red flag here. Besides, COINFXMARKETS shows its company address is in the United States. As per the United States law, US residents and citizens are only permitted to operate with CTFC- and NFA-regulated forex brokers. Firms and individuals, who need to possess the relevant regulations issued by the National Futures Association (NFA) or the Commodity Futures Trading Commission (CFTC), will be allowed to solicit or approach US citizens. However, we did not find any match results to COINFXMARKETS in the above two regulatory bodies. The truth is, COINFXMARKETS is not under valid regulation by any regulators to provide investment services. Investors’ funds in this company are unsafe and cannot be protected by any law. Therefore, it is a scam.
