Plexytrade Regulation: Is This Forex Broker Legit or a Scam?
Discover the truth about Plexytrade regulation. Learn about its licensing, leverage, and fees to determine if this Plexytrade broker is safe for your funds.
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Abstract:Forex brokers whose licenses have changed recently are listed as following for your reference. Please protect yourself from investment risks!
Forex brokers whose licenses have changed recently are listed as following for your reference. Please protect yourself from investment risks!
BenchMark: It claims to hold the license of Retail Foreign Exchange Dealer (RFED) authorized by the Bank of France (BDF) whereas the license is suspected to be cloned whose status has changed from ‘Regulated’ to ‘Revoked’. The broker is under no efficient regulation as all licenses it holds have been revoked.
SAFUMAX: It claims to hold the license of Financial Service Provider (FSP) authorized by the Financial Service Providers Register (FSPR) whereas the status of the license has changed from ‘Regulated’ to ‘Revoked’. This broker is highly risky at present as it isnt efficiently regulated.
Sword Capital: It claims to hold the financial permit authorized by the Dubai Financial Services Authority (DFSA) whereas the status of the license has changed from ‘Regulated’ to ‘Revoked’. This broker is under no valid regulation at the moment.
Sandton Capital: It claims to hold the FSP authorized by the Financial Sector Conduct Authority (FSCA) whereas the license is suspected to be cloned whose status has changed from ‘Regulated’ to ‘Revoked’. At present, this broker isnt under any valid regulation.
MTK: It claims to have registered a managed investment scheme at the Australian Securities and Investments Commission (ASIC) whereas the license is suspected to be cloned whose status has changed from ‘Regulated’ to ‘Revoked’. Currently, this broker is under no efficient regulation.
MPLUSFX: It claims to hold the RFED authorized by the Vanuatu Financial Services Commission (VFSC) whereas the status of the license has changed from ‘Regulated’ to ‘Revoked’. It isnt efficiently regulated at present.
BULBROKERS: It claims to hold the license of European Authorised Representative authorized by the Financial Conduct Authority (FCA) whereas the license is suspected to be cloned whose status has changed from ‘Regulated’ to ‘Revoked’. This broker isnt under any efficient regulation now.
RFC: It claims to hold the financial permit authorized by the Securities and Exchange Commission of Cambodia (SECC) whereas the status of the license has changed from ‘Regulated’ to ‘Revoked’. This broker is under no valid regulation currently. Please watch out!
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Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.

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