Verified: XTBFX Is Operated Through The Website Https://xtbfx.online/. The Domain Name Was Registered In May 2024 And Is An Unregulated Dealer.
XTBFX's Domain Name Was Registered In Late May 2024 And Is A Relatively New Website. The Company's Role Is Unclear As It Does Not Provide A Clear Image In The Financial Industry - A Red Flag.
While XTBFX Claims To Hold An MSB Registration With The Financial Crimes Enforcement Network (FINCEN), It Does Not Disclose Any Specific Registration Details. We Searched For The Company Name On FINCEN Regedit And Did Not Find A Corresponding Record.
XTBFX Is Virtually Anonymous, And Only Telephone Hotlines Are Available On The Website, Which Suggests That It May Operate Outside The United States. Given That It Claims To Provide Financial Services For Trading Various Derivative Assets, Including Stocks, Foreign Exchange, And Cryptocurrencies, We Searched The Registers Of Relevant US Financial Regulators, But Found No Records.
In Essence, XTBFX Is Not Regulated By Any Governing Body. Entrusting Investors' Funds To The Company Carries A High Level Of Risk, As There Are No Legal Protections To Protect Those Funds.
To Sum Up, XTBFX Appears To Be A Scam, And Traders Should Be Vigilant In Case They Are Deceived.
And Most Non-compliant Brokers Will Not Disclose To Provide Their Direct Real Contact Information, Such As Phone Number Or Company Address.
Note: XTBFX Being An Unregulated Broker Means That The Client's Investment May Not Be Adequately Protected. Due To The Lack Of A Regulator To Hold The Company Accountable, The Lack Of Regulation Increases The Risk Of Potential Financial Losses.
If Investing 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.
