IS XORKETS FX LICENSED?

https://www.xorketsfx.com/

Dear Investor,

XORKETS FX does not appear to hold any licenses from recognized forex regulatory authorities.

The platform claims that XORKETS FX is the trading name of Xorkets FX Ltd and states it is regulated by the Money Services Business (MSB) under license number 31000307035297. While a registration record for this MSB number can indeed be found in the Financial Crimes Enforcement Network (FinCEN) database, it is crucial to understand that FinCEN does not regulate forex trading activities. In the United States, the primary regulatory body overseeing forex brokers is the National Futures Association (NFA).

Our investigation confirms that XORKETS FX is not registered or authorized by the NFA or any other reputable financial regulatory agency. Therefore, based on the available information, XORKETS FX operates without proper authorization from any credible forex regulator. This presents a significant risk of fraud or financial loss.

We strongly advise exercising extreme caution and recommending avoiding any engagement with XORKETS FX due to the high potential for scams and the lack of investor protection.