Beware Of Unregulated Forex Broker FXTM Investment Option - It is a SCAM!

There is no Registration or Regulation.

FXTM Investment Option initially asserts that it is registered with Companies House in the United Kingdom (CH) under registration number 13810415. According to the CH registry, the number belongs to a different firm called Shelley Building and Contracting Limited. To put it another way, the fraudster does not register in the United Kingdom.

The scam also claims to be regulated by several forex regulators, including:

1) the Gibraltar Financial Services Commission (GFSC);

2) the United Kingdom Financial Conduct Authority (UK FCA);

3) the Cyprus Securities and Exchange Commission (CySEC);

4) the Australian Securities & Investment Commission (ASIC).

First, we looked for FXTM Investment Option on GFSC and found nothing. Furthermore, keep in mind that the GFSC does not monitor forex brokers or assist in resolving disputes between investors and brokers.

At the same time, we found no matches for this firm in CySEC or ASIC. Regulators have no authority over the entity. 4

Furthermore, the UK Financial Conduct Authority has issued a warning that FXTM Investment Option performs financial services without authorization. In this case, no laws can safeguard your cash.

Sophistry is enjoyable.

“Avoid Bogus” on the scam website adds irony to the deception.

The scammer believes that no matter how hard it tries, some individuals will always believe it is a fraud. And it indicates that those who accuse it of being a fraud are the ones who lost money. It also provides some more justifications to verify that the website is not a fraud.

The forex authorities, on the other hand, have previously told us that FXTM Investment Option is a hoax. That is why WikiFX consistently encourages investors to verify broker licenses and not be misled by their euphemisms.

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