ANSWER Dear Investor,
NIYAFA FX claims to operate as a trading name of NIYAFAFX Ltd and states it is registered with the Money Services Business (MSB) under license number 31000289167268. While we have verified a matching entry in the MSB Registrant Search System, it is crucial to understand that this registration does not constitute authorization for forex trading activities. The Financial Crimes Enforcement Network (FinCEN), which administers the MSB program, regulates money services for anti-money laundering purposes but does not license or supervise forex brokers.
In the United States, the National Futures Association (NFA) is the primary regulatory body responsible for overseeing forex dealers. We have checked the NFA’s official registration database and found that NIYAFA FX is not listed or regulated by the NFA, which further confirms its lack of legitimate forex licensing.
Moreover, NIYAFA FX appears to be unregulated by any recognized financial authority. Given these findings, we strongly advise against engaging with this broker.
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