Crib Markets is not a regulated or licensed broker for traders even though it states offers that look good to be true.
Crib Markets claims to be an experienced broker registered in St. Vincent & Grenadines (SVG FSA) with registration number 13520657 and with the US National Futures Association (NFA) under an NFA ID: 0552052.
First, we indeed find a match result to Crib Markets in SVG FSA, but the registration number of this company does not match the one presented on the broker's website. That means the registration information of SVG FSA which this broker claims on its website are suspicious.
Second, we indeed found a matching result in NFA's registry, however, Crib Markets 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." Crib Markets doesn't satisfy these conditions.
The truth is, Crib Markets 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 Crib Markets and trade with licensed brokers.
評論