Is Cherry Finance an authorised broker?

https://www.cherryforexco.com/

Cherry Finance does not fall under regulation and should be avoided at all events. Cherry Finance claims it was founded in Hong Kong in 2018. However, checking its domain, we found it was created on 22 Sep 2021. So how could it start its business in 2018? It is a red flag here. 

What's more, we did not find any match results to Cherry Finance in the Hong Kong Securities and Futures Commission (HK SFC). Apparently, Cherry Finance is not regulated by any financial authorities. That means investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.

We would recommend traders stay away from Cherry Finance and any other unregulated brokers, since they are not subject to necessary laws and principles of operation, resulting in a high risk to trade with them.