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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