ANSWER Dear Investor,
TNFX claims to be regulated by the Seychelles Financial Services Authority (FSA) under License Number SD133. Our investigation confirms that the company is indeed listed with the Seychelles FSA, and its registered website matches the platform in question.
However, it is important to note that the Seychelles FSA is an offshore regulatory authority, which typically enforces less stringent oversight and offers limited investor protection. As such, this regulatory status should not be interpreted as a strong endorsement of the platform’s reliability or the security of your funds.
Furthermore, on October 22, 2024, the Reserve Bank of India (RBI) added TNFX to its Alert List. This list includes entities that are not authorized to engage in foreign exchange trading nor permitted to conduct foreign exchange transactions via electronic trading platforms. Being named on this list raises serious concerns about the platform’s compliance with international financial regulations and its legitimacy in key markets.
Given these factors, we strongly advise you to exercise caution. Conduct thorough due diligence before engaging with TNFX or making any investment decisions.
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