Reported Website: https://www.nfx.ae
NFX claims to be a UK-registered firm that is authorized and regulated by the leading financial regulatory bodies, including the Cyprus Securities and Exchange Commission (CySEC) and the Federal Financial Supervisory Authority (BaFin). However, we didn’t find matching records in both above regulators. Besides, as per the United Kingdom law, all firms and individuals offering, promoting, or selling financial services or products in the UK have to be authorized or registered by the UK financial regulator – FCA. However, we did not find any matching results in FCA’s registry. Apparently, NFX is not overseen by any financial regulators. That means investors’ funds in this broker are unsafe and cannot be protected by any laws. Therefore, it is a scam.
