Eagle Markets claims to be owned and operated by Eagle Markets Advisors Corporation registered with the Securities and Exchange Commission (SEC). There are no further details on its regulatory status. Firstly, it should be noted that the SEC does not have the legal authority to issue forex licenses and regulate forex activities. Secondly, an England-based financial firm like Eagle Markets should be registered with and regulated by the Financial Conduct Authority (FCA), the UK financial regulatory body. However, as we searched this broker on the website of FCA, we found that it was listed as an unauthorized firm for illegally providing financial services or products in the UK.
The truth is, Eagle Markets 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.
Eagle Markets claims to be owned and operated by Eagle Markets Advisors Corporation registered with the Securities and Exchange Commission (SEC). There are no further details on its regulatory status. Firstly, it should be noted that the SEC does not have the legal authority to issue forex licenses and regulate forex activities. Secondly, an England-based financial firm like Eagle Markets should be registered with and regulated by the Financial Conduct Authority (FCA), the UK financial regulatory body. However, as we searched this broker on the website of FCA, we found that it was listed as an unauthorized firm for illegally providing financial services or products in the UK.The truth is, Eagle Markets 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.