FastBull BrokersView
Sign In

regulatory warning

Newest

Popular

Do you recommend trading with WesternFX now?
Tommy Bray
Azerbaijan
Mar 03, 2026
ANSWER Dear Investor, We continue to strongly advise against engaging with WesternFX. To date, this entity has not obtained any valid authorization or broker license from a reputable financial authority. WesternFX claims that its parent company, Western Group Inc., is registered with the Financial Services Authority (FSA) of St. Vincent and the Grenadines. It is critical to understand that this only grants the company International Business Company (IBC) status, and does not constitute a valid financial license. Furthermore, the St. Vincent and the Grenadines FSA has explicitly stated that it does not regulate or license forex brokers, meaning WesternFX operates without any official oversight regarding its trading activities. Compounding these risks, WesternFX has been officially flagged by Spain’s Comisión Nacional del Mercado de Valores (CNMV) for operating without the necessary authorization to provide investment services in Spain. This warning from a reputable European regulator highlights significant compliance failures and potential dangers to investor funds. Given the complete lack of proper regulatory licensing, the misleading nature of its offshore registration, and the formal regulatory warning issued by the CNMV, we strongly recommend that you avoid any transaction or interaction with this broker to protect your capital.
See more
Can I trade with Targon?
Kyriakos Hurtado
Croatia
Feb 28, 2026
ANSWER Dear Investor, Targon fails to disclose any valid regulatory information, providing only a registered address in Switzerland. However, a thorough search of the Swiss Financial Market Supervisory Authority (FINMA) registry reveals no record of Targon or any associated entity. This confirms that the platform is not authorized to operate within the Swiss jurisdiction. The risks associated with this platform are further compounded by recent regulatory actions abroad. On January 28, 2026, the Commissione Nazionale per le Società e la Borsa (CONSOB) in Italy issued an official warning against Targon. The regulator stated that the company appears to be providing financial services or products in Italy without the necessary authorization, marking it as an illegal operator in that region. Given these findings, Targon presents a high risk of fraud. We strongly advise you to avoid any transactional relationship with this suspicious platform to ensure the safety of your funds.
See more
Any issues with XBTFX?
Mayila IGWEDIBIA
French Southern and Antarctic Lands
Feb 26, 2026
ANSWER Dear Investor, We have verified that XBTFX‘s claimed entity XBTFX (SC) Ltd is registered in Seychelles and holds a license from the Financial Services Authority (FSA), with its operating website matching the official registry records. This confirms that the platform is subject to a certain level of regulatory oversight. However, please note that the Seychelles FSA is an offshore regulator, meaning its supervisory standards are generally less stringent than those of major financial authorities. More critically, XBTFX has been placed on the warning list by the National Securities and Stock Market Commission (NSSMC) of Ukraine. The NSSMC explicitly stated that this entity is likely offering financial services to Ukrainian consumers without holding a local license or proper authorization. Given the combination of loose offshore regulation and specific warnings from national regulators, potential risks remain. We strongly advise you to remain cautious and carefully consider these red flags before engaging with this platform.
See more
How to contact Finabel's team?
Emirhan Michael
United Arab Emirates
Feb 13, 2026
ANSWER Dear Investor, We strongly advise against considering Finabel as your trading broker. Despite its claim of being registered in Switzerland, Finabel has not disclosed any valid regulatory license or authorization from a recognized financial authority. Upon conducting a thorough search through the official database of the Swiss Financial Market Supervisory Authority (FINMA), Switzerland’s independent financial regulator, we found no record of Finabel being authorized to provide financial services. More concerning, FINMA has explicitly listed Finabel on its public warning list for engaging in unauthorized financial activities without proper registration in Switzerland. Given these serious red flags, we assess Finabel as a high-risk entity. To safeguard your capital and ensure compliance with best practices in investor protection, we strongly recommend that you refrain from opening an account or depositing funds with this firm.
See more
Is Euroamfin a legit platform? Pls investigate
Dmytro Liasis
Spain
Jan 27, 2026
ANSWER Dear Investor, Euroamfin claims to be a regulated broker but provides no verifiable licensing information. It only lists company registration numbers in the UK and Spain under the name YOURT NORTH LTD. We searched the official registers of the UK’s Financial Conduct Authority (FCA) and Spain’s Comisión Nacional del Mercado de Valores (CNMV), but found no record of Euroamfin or YOURT NORTH LTD as authorized financial firms. More concerning, CNMV previously issued a public warning against a broker named YOURT NORTH LTD, whose original website is now defunct, raising strong suspicion that this entity may have rebranded as Euroamfin to evade scrutiny. Given these red flags and the lack of legitimate regulatory oversight, we strongly advise you to avoid any financial transactions with Euroamfin.
See more
Is ModMount a safe platform? Have there been any issues with withdrawals?
Nonthaphat (Home) Stoev
Bhutan
Jan 23, 2026
ANSWER Dear Investor, We’ve verified that ModMount is licensed by the Seychelles Financial Services Authority (FSA). However, the Seychelles FSA is an offshore regulator with lighter oversight and limited investor protections when measured against major authorities. ModMount also claims affiliation with Peaksight Ltd, a CySEC-regulated entity, but CySEC’s register shows no link between Peaksight and the ModMount platform, which casts doubt on this assertion. Moreover, ModMount has been flagged by the Securities Commission Malaysia (SC) for carrying on unlicensed capital market activities of dealing in securities. Given these concerns, we cannot regard ModMount as a fully reliable and safe broker. We advise caution and thorough due diligence before any engagement.
See more
IS MRX CAPITAL REGULATED ???
Zhavis Soteriou
Sweden
Jan 20, 2026
ANSWER Dear Investor, MRX CAPITAL does not display any verifiable regulatory or licensing information on its website. It fails to disclose its legal entity name or official registration address, providing only a generic physical address in Italy, with no supporting corporate details. In response, we conducted a thorough search of the official register maintained by Commissione Nazionale per le Società e la Borsa (CONSOB), Italy’s financial markets regulator. No record of MRX CAPITAL or any affiliated entity was found, raising serious doubts about its legitimacy and authorization to operate in the European Union. More alarmingly, on October 13, 2025, Spain’s National Securities Market Commission (CNMV) issued an official public warning against MRX CAPITAL, stating that the company may be offering financial services or products without the required authorization. This regulatory alert significantly heightens concerns about the platform’s compliance. Taken together, MRX CAPITAL is likely an unlicensed and potentially fraudulent broker engaged in unauthorized trading activities. We therefore strongly advise you to avoid any interaction with MRX CAPITAL.
See more
Is this a new broker? legit? Name: Finsea24
Arun Moore
Brazil
Jan 16, 2026
ANSWER Dear Investor, Finsea24 presents itself on its website as a reliable financial broker; however, it fails to disclose any valid regulatory information and does not even publish a basic physical office address, which raises serious concerns about its legitimacy. Compounding these red flags, the Autoriteit Financiële Markten (AFM) has issued an official warning against Finsea24, stating that the company is suspected of offering financial services or products without the required authorization. Our verification confirms that Finsea24 is not regulated by any recognized financial authority. These findings strongly indicate that this entity is operating fraudulently. Given these clear indicators of risk, we strongly advise you to avoid any interaction or financial engagement with Finsea24 to protect your assets and personal information.
See more
DotBig, any license held by it?
Paris Downes
France
Jan 13, 2026
ANSWER Dear Investor, DotBig claims to be registered in Saint Lucia with its operational entity based in Malaysia. While a company by the same name appears in the Saint Lucia International Financial Centre (IFC) registry, this registration only confers International Business Company (IBC) status, but not a financial services license. Importantly, the IFC does not regulate or authorize forex trading activities, so this registration offers no regulatory oversight or investor protection. Moreover, our search of Malaysia’s Labuan Financial Services Authority (Labuan FSA) yielded no record of DotBig or any affiliated entity, casting further doubt on its claimed Malaysian presence. Compounding these concerns, on 1 December 2025, the Central Bank of Ireland (CBI) issued an official warning against DotBig, stating that the firm may be offering financial services or products without the required authorization in Ireland, a serious red flag indicating potential unlicensed operations targeting international clients. Given these serious findings, DotBig cannot be considered a trustworthy or secure broker. We strongly advise you to avoid using DotBig for any trading activity, as your funds would be at significant risk.
See more
What kind of accounts do they support?
Jesse Nwoke
Greece
Jan 12, 2026
ANSWER Dear Investor, We strongly advise against using LLYODSTERN for trading, as it holds no valid financial regulatory license and provides virtually no transparent corporate information. The platform does not disclose its legal entity name, registered address, or any details about its ownership or operational structure, which are red flags that severely undermine its credibility. Although LLYODSTERN lists an Australian phone number, our search of the Australian Securities & Investments Commission (ASIC) register found no record of any company or authorized representative associated with the name LLYODSTERN. More critically, we discovered that on 25 August 2025, ASIC added LLYODSTERN to its public warning list, explicitly stating that this entity was being impersonated or whose details are being misused, and had no connection with the imposter entity. This confirms that LLYODSTERN is fraudulently operating under false pretenses, likely impersonating a legitimate business or fabricating its identity entirely to deceive investors. Given these facts, LLYODSTERN is highly likely to be a scam operation. We therefore strongly urge you to avoid any interaction or financial transactions with LLYODSTERN to protect your funds and personal information.
See more

1-10 of 2.9K questions

Hot Topics

Most Viewed

App Store

Google Play

Company Shop Application About Us Our Methodology Privacy Policy Contact Us

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.

Disclaimer

The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.