Four Brokers’ License Status Changed this Week



WikiFX News (6 Mar.) - Avoid investment risks in advance! Forex brokers with updated license status are presented below for your information:
Mahamudra:
Its claimed Financial Service Corporate License issued by the Financial Service Providers Register and DS License issued by the Chinese Gold & Silver Exchange Society (CGSE) are both suspicious clones. The broker is currently under no regulation, which indicates high risks. Please stay away from it.
ANTFX:
Its claimed Investment Advisory License issued by the Financial Conduct Authority (FCA) is a suspicious clone. The broker is currently under no regulation, which indicates high risks.
Million:
Its claimed DS License issued by the CGSE is a suspicious clone. Traders must stay alert to the broker since it is currently under no regulation.
eToro:
Its claimed Retail Forex License issued by the International Financial Services Commission has been “revoked”. Considering the brokers other licenses remain to be regulated, investors are advised to identify the broker carefully.
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The brokers involved in the article
-
Mahamudra
Score1.43
2-5 years | Suspicious Regulatory License | MT4/5 White Label | Regional Brokers
About More
Suspicious Clone -
Mahamudra
Score1.29
1-2 years | Suspicious Regulatory License | MT4/5 White Label | Chinese market only
About More
Suspicious Clone -
Million
Score1.74
2-5 years | Suspicious Regulatory License | MT4/5 full license | The server is only located in China.
About More
Suspicious Clone -
ANTFX
Score1.75
2-5 years | Suspicious Regulatory License | MT4/5 full license | Chinese market only
About More
Suspicious Clone -
eToro
Score7.54
10-15 years | Regulated in Australia | Market Making(MM) | Non MT4/5 Software
About More
Regulated -
ANTFX
Score1.57
1-2 years | Suspicious Regulatory License | MT4/5 full license | The server is only located in China.
About More
Suspicious Clone -
ANTFX
Score1.24
1-2 years | Suspicious Regulatory License | MT4/5 White Label | Chinese market only
About More
No Regulatory -
eToro
Score1.11
Within 1 year | Suspicious Regulatory License | Non MT4/5 Software | Suspicious Scope of Business
About More
Suspicious Clone
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