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Is this a scam or not: SFM Global.
zhifeng chu
塞浦路斯
2024-12-31
ANSWER Dear Investor, Thank you for reaching out to us. We are concerned that SFM Global is a potential scam. SFM Global claims to provide financial services for trading different assets, including Forex, Futures, and Indices. However, the broker only relies on the purported registration in St. Lucia to demonstrate its crediblity and compliance, which cannot constitute a valid license for its business. Firstly, St. Lucia is an offshore area known for its lax regulation and minimum protections for investors. Secondly, the country doesn't license forex trading activities. Therefore, your money entrusted with SFM Global is not safe. For a safer trading environment and peace of mind, it is critical to do thorough research and opt for fully regulated brokers.
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