​Warning: License Status Changed in 4 Forex Brokers

WikiFX News (24 Feb.) - Forex brokers with updated license status are presented below for your information to avoid investment risks.

1. Amenda

Its claimed European Authorized Representative License issued by the Financial Conduct Authority (FCA) is a suspicious clone, which has been “revoked”. Besides, it is suspected of having exceeded authority under the Common Financial Service License issued by the Banque de France. Please stay away from the high-risk broker.

2. CFI

Its claimed European Authorized Representative License issued by the FCA is a suspicious clone, which has been “revoked”. However, its Market Making License issued by the Cyprus Securities and Exchange Commission remains to be regulated. Investors are advised to identify the broker carefully.

3. OBT

The Securities and Futures Commission of Hong Kong has warned that the OBT International Limited (website: https://obt8.com) is unlicensed. The company gives a Hong Kong address, but it is not located there.

4. FXT Brokers

The Swiss Financial Market Supervisory Authority, the Canadian Securities Administrators, and the British Columbia Securities Commission all have warned that the FXT Brokers (website: https://fxtbrokers.com) is unlicensed.

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