The Official Website Of EFT Cannot Be Accessed Normally At Present. The Company Seems To Have Closed Down. Therefore, We Can Only Collect Some Relevant Information For Reference Only.
2022-04-12 UK FCA Adds EFT To Warning List
On April 12, 2022, The FCA Issued A Warning That EFT Provides Financial Services And Products In The UK Without Authorisation. You Can Visit The Following Website For Details: Https://www.fca.org.uk/news/warnings/exclusive-forex-trading
2022-04-25 We Have Reviewed And Confirmed That EFT Is An Unregulated Foreign Exchange Dealer
EFT Claims To Be Registered As A Private Limited Company With The UK Department Of Commerce And Industry (CH) In 1999. However, We Have Not Found Any Results In CH That Match EFT. In Addition, CH Is The Company Registry In The UK And Has No Legal Right To Regulate Any Foreign Exchange Activities.
EFT Also Claims To Be Regulated By The UK Financial Conduct Authority (FCA) And The Cyprus Securities And Exchange Commission (CySEC). However, We Did Not Find Any Results Matching EFT In CySEC. More Importantly, When We Searched In The FCA, We Found That The Broker Has Been Added To Its Warning List By The FCA For Providing Financial Services Without Authorization. This Means That EFT Is Not Regulated By Any Regulatory Authority. Investors' Funds Invested In This Broker Are Not Safe And Cannot Be Protected By Any Laws. It Is A Fake Trader.
Since It Is Not Possible To Access The Broker's Website At This Time, We Are Also Unable To Obtain More And More Direct Details About Its Trading Assets, Leverage, Spreads, Trading Platform, Minimum Deposit, Etc.
As For Regulation, It Has Been Verified That EFT Has Not Obtained Any Valid License At Present.
But Most Brokers That Are Not Compliant Will Not Disclose To Provide Other More Direct And Truthful Contact Information, Such As Phone Number Or Company Address.
Note: EFT As A, Unregulated Broker, Which 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, They Are Likely To 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 Brokers As Much As Possible When Choosing A Broker.
