The Official Website Of BMEC Solutions Cannot Be Accessed Normally At This Time. The Company Appears To Have Closed Down. Therefore We Can Only Gather Some Relevant Information For Reference Only.
2022-05-17 We Have Confirmed After Review That BMEC Solutions Is An Unregulated Foreign Exchange Dealer
BMEC Solutions Claims To Be Authorized By The Australian Securities And Investments Commission (ASIC) To Operate As A Proxy Company, AR Number: 001278693. It Appears That The Dealer Is Legitimate In Australia, As We Did Find A Match With The Dealer In The ASIC Registration. However, After Further Investigation Of The Dealer, We Believe That The Dealer Is Not Effectively Regulated.
Because Search Results On ASIC Show That BMEC Solutions Is An Authorized Representative Of BAILEYHENRY CAPITAL GROUP PTY LTD, An ASIC Regulated Company (the Main Holder Of ASFL License .488340). According To The Details Of The Operating License Shown By ASF, BAILEYHENRY CAPITAL GROUP PTY LTD Is Only Allowed To Provide Financial Derivatives To Wholesale Customers. Therefore, Providing Such Services To Retail Customers Is Beyond The Scope Of The Company's Operating License, Let Alone BMEC Solutions, Which Is Merely An Authorized Representative. In Other Words, Traders Should Beware Of This Broker, Because The Funds Invested In This Broker Are Not Safe And Cannot Be Protected By Any Laws. This Is A Fake Trader.
Since The Broker's Website Cannot Be Accessed Now, We Cannot Obtain More And More Direct Details About Its Trading Assets, Leverage, Spreads, Trading Platform, Minimum Deposit, Etc.
As For The Regulation, It Has Been Verified That BMEC Solutions Has Not Obtained Any Valid License At Present.
But Most Non-compliant Brokers Will Not Disclose To Provide Other More Direct And Truthful Contact Information, Such As Phone Number Or Company Address.
NOTE: BMEC Solutions As A, Unregulated Broker Means That Clients' Investments May Not Be Adequately Protected. Due To The Lack Of A Regulator To Hold Companies Accountable, The Lack Of Regulation Increases The Risk Of Potential Financial Losses.
If You Invest In An Unregulated Broker, There Is A Good Chance That They Will Run Away With Your Hard-earned Money Without Any Recourse. Therefore, Investors Must Be Extremely Cautious And Remind Everyone To Stay Away From These Unregulated As Much As Possible When Choosing A Broker.
