Amrica Fx Trade claims to be a reliable broker under multiple regulations including:
1) "the US Financial Services Authority";
2) the Malta Financial Services Authority (MFSA) ;
3) the United Kingdom Financial Conduct Authority (UK FCA);
4) the Germany Federal Financial Supervisory Authority (BaFin);
5) the France Autorité des Marchés Financiers (AMF);
6) the Italy Commissione Nazionale per le Società e la Borsa (CONSOB).
Firstly, "the US Financial Services Authority" is not real. And the authority that regulates forex activities in the United States is the United States National Future Association (NFA).
Moreover, we searched UK FCA, Bafin, AMF and CONSOB and found no matching result. That means Amrica Fx Trade is not regulated by the four mentioned regulators to provide financial services.
However, we found a warning issued by MFSA against Amrica Fx Trade. MFSA warned the public that Amrica Fx Trade is not a Maltese registered company nor licensed or otherwise authorised by the MFSA to provide any investment services or other financial services which are required to be licensed or otherwise authorised under Maltese law.
The truth is Amrica Fx Trade is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe and the money can not be protected by any laws. Therefore, it is a scam.
Amrica Fx Trade claims to be a reliable broker under multiple regulations including: 1) "the US Financial Services Authority"; 2) the Malta Financial Services Authority (MFSA) ; 3) the United Kingdom Financial Conduct Authority (UK FCA); 4) the Germany Federal Financial Supervisory Authority (BaFin); 5) the France Autorité des Marchés Financiers (AMF); 6) the Italy Commissione Nazionale per le Società e la Borsa (CONSOB). Firstly, "the US Financial Services Authority" is not real. And the authority that regulates forex activities in the United States is the United States National Future Association (NFA). Moreover, we searched UK FCA, Bafin, AMF and CONSOB and found no matching result. That means Amrica Fx Trade is not regulated by the four mentioned regulators to provide financial services. However, we found a warning issued by MFSA against Amrica Fx Trade. MFSA warned the public that Amrica Fx Trade is not a Maltese registered company nor licensed or otherwise authorised by the MFSA to provide any investment services or other financial services which are required to be licensed or otherwise authorised under Maltese law.The truth is Amrica Fx Trade is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe and the money can not be protected by any laws. Therefore, it is a scam.
