Warning: License Status Changed in 5 Forex Brokers



WikiFX News (11 Jan.) - Forex brokers with updated license status are presented below for your information to avoid investment risks.
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1. CMCMarkets
Its claimed Retail Forex License of Banque de France (BDF) has been “revoked”. The broker is suspected of having exceeded the authority under the license of the Australia Securities and Investments Commission (ASIC). Although CMCMarkets still holds five regulated licenses, several traders have complained to WikiFX Exposure about failed withdrawals on its platform.
2. Dukascopy Bank
Its claimed Retail Forex License of Financial Services Agency (FSA) and Financial Services License of Swiss Financial Market Supervisory Authority (FINMA) have been “revoked”, which are suspected to be clones. Also, there are complaints about failed withdrawals on the Dukascopy Bank.
3. Gogin
Its claimed FSA Retail Forex License has been “revoked”. The broker is currently under no regulation.
4. FXORO
Its claimed European Authorized Representative (EEA) License of Financial Conduct Authority (FCA) has been “revoked”. Besides, it has exceeded the authority under the Common Financial Service License of Federal Financial Supervisory Authority (BaFin) and that of BDF.
5. NSFX
Its claimed EEA License of FCA has been “revoked”. The broker only holds the Market Making of MFSA (The Malta Financial Services Authority), please stay alert.

The brokers involved in the article
-
FXORO
Score6.98
10-15 years | Regulated in Cyprus | Market Making(MM) | Non MT4/5 Software
About More
Regulated -
Dukascopy
Score1.03
Within 1 year | Suspicious Regulatory License | Non MT4/5 Software | Suspicious Scope of Business
About More
No Regulatory -
NSFX
Score7.28
5-10 years | Regulated in Malta | Market Making(MM) | MT4/5 full license
About More
Regulated -
Gogin
Score1.32
2-5 years | Regulated in Japan | Suspicious Regulatory License | Non MT4/5 Software
About More
No Regulatory -
CMCMarkets
Score7.88
15-20 years | Regulated in United Kingdom | Market Making(MM) | MT4/5 full license
About More
Regulated -
Dukascopy
Score2.23
Above 20 years | Suspicious Regulatory License | MT4/5 full license | Regional Brokers
About More
Suspicious Clone
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- United Arab Emirates Dirham
- Australia Dollar
- Canadian Dollar
- Swiss Franc
- Chinese Yuan
- Danish Krone
- Euro
- British Pound
- Hong Kong Dollar
- Hungarian Forint
- Japanese Yen
- South Korean Won
- Mexican Peso
- Malaysian Ringgit
- Norwegian Krone
- New Zealand Dollar
- Polish Zloty
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- Saudi Arabian Riyal
- Swedish Krona
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