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On 12 July 2022, the Hongkong Securities and Futures Commission (SFC) warned public that FTSFX is a suspicious broker. You may visit: https://www.sfc.hk/TC/alert-list/2851
FTSFX claims to be regulated by or registered with the Cyprus Securities and Exchange Commission (CySEC), the Mauritius Financial Services Commission (Mauritius FSC) and St. Vincent and the Grenadines Financial Services Authority (SVG FSA). We searched the three mentioned authorities and found no matching result.
Moreover, the United Kingdom Financial Conduct Authority (UK FCA) with license number 217689. We searched UK FCA and found the number belongs to another firm named "Forex Capital Markets Limited". And the approved domain is "www.fxcm.com/uk/" instead of "www.ftsfx.net". That means FTSFX is falsely using the information of a licensed firm.
What's more, the Hongkong Securities and Futures Commission (SFC) warned public that FTSFX is a suspicious broker.
These proof make it clear: FTSFX 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.
BrokersView found the domain "https://www.ftsfx.net" is not working, as most probably it was suspended and it is always a bad sign when broker's website is suspended.
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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