Reported Website: https://looniefx.com/
LoonieFX claims to be regulated by the Financial Transactions and Reports Analysis Center of Canada (FINTRAC). While a registration record for this MSB number can be found in the database, it is important to note that FINTRAC does not regulate foreign exchange (forex) trading activities. In Canada, the primary regulatory body overseeing forex brokers is the Investment Industry Regulatory Organization of Canada (IIROC). However, upon investigation, it was found that LoonieFX is not registered or authorised by the IIROC or any other reputable financial regulatory agency. Therefore, based on the available information, LoonieFX is operating without proper authorisation from any credible forex regulator. Therefore, LoonieFX appears to be a scam.
