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EagleFX

Broker violations and abnormal records

EagleFX is an unregulated forex broker

EagleFX claims to be owned and operated by EagleFX Ltd, a company registered in Dominica. However, Dominica is a notorious offshore zone that does not regulate forex. So currently EagleFX is not regulated or not overseen by any financial regulator. That means investors’ funds in this broker is unsafe and cannot be protected by any laws. Therefore, it is a scam broker.

2022-02-13 The Ontario OSC Added EagleFX into Its Warning

On 14 Feb 2022, the Ontario Securities Commission (OSC) issued a warning that EagleFX is not registered in Ontario to engage in the business of trading in securities. You may visit: https://www.osc.ca/en/investors/warnings/eaglefx-ltd

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Primebitts

Broker violations and abnormal records

2022-03-06 The Spanish CNMV Added Primebitts into Its Warnings and Alerts

On 7 Mar 2022, the CNMV issued a warning that Primebitts has not been authorised to provide investment services, you may visit: https://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=1&nombre=Primebitts

Primebitts is an Unregulated Forex Broker

Primebitts shows its office address is in the United States. However, we did not find any match results to Primebitts in the US National Futures Association (NFA). What's more, the Spanish National Securities Market Commission (CNMV) issued a warning that this firm has not been authorized to provide forex investments and services. So Primebitts is not regulated by any regulators. That means investors' money in this broker is unsafe and cannot be protected by any law. Therefore, it is a scam. 

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CryptoIFX

Broker violations and abnormal records

2022-03-13 The CONSOB Added CryptoIFX into Its Warnings

On 14 Mar 2022, the CONSOB issued a warning that CryptoIFX has not been authorized to provide investment services, you may visit: https://www.consob.it/web/consob-and-its-activities/warnings?viewId=ultime_com_tutela

CryptolFX is an unregulated forex broker

CryptolFX claims it is a trustable broker while not mentioning any details of its regulations, which is a distinctive characteristic of an unlicensed broker, as licensed brokers always display their credentials and licenses in a prominent place. This broker mentions it is located at Stoney Ground Road, St. Vincent & the Grenadines. We did searching in the St. Vincent & the Grenadines Financial Services Authority (SVG FSA) and did find a match result.

But as a forex trader, you should know that SVG FSA does neither issue license of forex services nor regulate any forex activities. That means having registration in SVG FSA does not mean having legit regulation. This broker is merely a registered firm in SVG FSA that operates under no regulation. What's more, the Italy regulator Commissione Nazionale per le Società e la Borsa (CONSOB) issued a warning that this firm has not been authorized to provide forex investments and services. So CryptoIFX is not regulated by any regulators. That means investors' money in this broker is unsafe and cannot be protected by any law. Therefore, it is a scam.