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Cboe Digital

Operating status: Unregulated

Website: https://www.erisx.com/

High-Risk Active

Broker violations and abnormal records

Aug 16, 2023 BrokersView has Reviewed that Cboe Digital is an Unregulated Broker

Cboe Digital claims to be regulated by Commodity Futures Trading Commission (CFTC). But we don't find the correct information on CFTC matching to Cboe Digital. The truth is that Cboe Digital is not under valid regulation by any regulators to do forex. Investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.

Cboe Digital claims to be regulated by Commodity Futures Trading Commission (CFTC). But we don't find the correct information on CFTC matching to Cboe Digital. The truth is that Cboe Digital is not under valid regulation by any regulators to do forex. Investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.

Cboe Digital claims to be regulated by Commodity Futures Trading Commission (CFTC). But we don't find the correct information on CFTC matching to Cboe Digital. The truth is that Cboe Digital is not under valid regulation by any regulators to do forex. Investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.

Related Complaints

Q&A

From your professional point of view, what kind of trader is Cboe Digital?

Luis Mahenthiran

Slovenia

Sep 13, 2023

ANSWER Cboe Digital is a scam.At the bottom of its homepage lies its regulatory information, which claims that Cboe Digital is registered with the Commodity Futures Trading Commission (CFTC). A broker in the US must be registered with both CFTC and the National Futures Association (NFA) to ensure compliance with rules and standards, investor protection, and market integrity. Since the NFA operates under the regulatory oversight of the CFTC and they share information and resources, by checking the NFA BASIC, investors can verify whether a forex broker is registered with both the CFTC and the NFA. However, our search for Cboe Digital in the NFA BASIC returned no results. This means the platform's claim about its regulatory status is a false statement.Therefore, Cboe Digital is an unlicensed broker, posing significant risks such as financial losses and identity theft, which could be financially and personally devastating. Since there are no rules in place to prevent fraud and identity theft, investors dealing with the fake platform are vulnerable and helpless if any violation occurs. As such, to avoid such risks, we highly recommend choosing a fully regulated broker instead.

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FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

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