Reported Website: http://efxco.com/
England Foreign Exchange claims to provide trading services in foreign exchange, crude oil, and precious metals while presenting neither details about its regulations nor legal documents (terms & conditions, privacy policy, etc.). Lacking such important information may be a distinct characteristic of unlicensed brokers, as legit brokers always present their accreditation and licenses in a prominent position. It is a red flag here. Besides, England Foreign Exchange shows its company address is in Panama. However, as per the information we hold, Panama currently has no financial regulator that issues licenses for forex trading or regulates entities engaging in forex. The truth is, England Foreign Exchange is not under valid regulation by any regulators to do forex. Investors’ funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.
