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TMFX

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Operating status: SCAM

Website: https://www.tmfxm.com/

Broker violations and abnormal records
  • Jul 20, 2022 BrokersView has Reviewed that TMFX is an Unregulated Forex Broker

    TMFX claims its regulation by the US National Futures Association (NFA) under ID No. 0542137. We indeed found a matching result in NFA's registry, however, TMFX is not overseen by NFA as it is not an approved member of the regulator. As a forex trader, you must bear in mind that if a broker claims to be eligible to solicit US customers in forex activities, it must: 1) be accredited as an approved Forex Dealer Member of NFA; 2) be admitted as a "retail forex exchange dealer." 

    Apparently, TMFX doesn't satisfy these conditions. That means, this broker is merely a registered firm rather than a regulated one and is not qualified to carry out such services. Therefore, it is a scam.


    TMFX claims its regulation by the US National Futures Association (NFA) under ID No. 0542137. We indeed found a matching result in NFA's registry, however, TMFX is not overseen by NFA as it is not an approved member of the regulator. As a forex trader, you must bear in mind that if a broker claims to be eligible to solicit US customers in forex activities, it must: 1) be accredited as an approved Forex Dealer Member of NFA; 2) be admitted as a "retail forex exchange dealer." Apparently, TMFX doesn't satisfy these conditions. That means, this broker is merely a registered firm rather than a regulated one and is not qualified to carry out such services. Therefore, it is a scam.
  • Nov 23, 2022 BrokersView has found that TMFX is not working

    BrokersView found the domain "https://www.tmfxm.com/" is not working, as most probably it was suspended and it is always a bad sign when broker's website is suspended.

    BrokersView found the domain "https://www.tmfxm.com/" is not working, as most probably it was suspended and it is always a bad sign when broker's website is suspended.

Related Complaints

Q&A

Does TMFX a licensed broker?

Juan Gomez Porteros
Haiti
Jul 26, 2022
ANSWER TMFX is not a regulated or authorized broker for traders even though it states offers that look good to be true. TMFX claims its regulation by the US National Futures Association (NFA) under ID No. 0542137. We indeed found a matching result in NFA's registry, however, TMFX is not overseen by NFA as it is not an approved member of the regulator. As a forex trader, you must bear in mind that if a broker claims to be eligible to solicit US customers in forex activities, it must: 1) be accredited as an approved Forex Dealer Member of NFA; 2) be admitted as a "retail forex exchange dealer." Apparently, TMFX doesn't satisfy these conditions.The truth is, TMFX is not overseen by any regulators. That means your personal data or your funds in this broker are unsafe and cannot be protected by any law. We would recommend traders stay away from unregulated brokers like TMFX and trade with licensed brokers.
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Risk Warning:

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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