The Official Website Of BloomForexTrades Cannot Be Accessed Normally At Present. The Company Seems To Have Closed Down. Therefore We Can Only Collect Some Relevant Information For Reference Only.
2022-04-19 We Have Confirmed After Review That BloomForexTrades Is An Unregulated Forex Broker
BloomForexTrades Claims To Have Been Established In 2017 And Is One Of The Brand Names Of Exinity Group. However, When We Checked Its Domain Name, We Found That The Website Was Actually Created On August 19, 2021. So How Could It Have Started Business In 2017? This Is A Red Flag.
In Addition, BloomForexTrades Claims To Have Office Addresses In The United States And The United Kingdom Respectively. But We Did Not Find Any Results Matching BloomForexTrades Or Exinity Group In The Financial Regulators Of Both Countries - The Financial Conduct Authority (FCA) And The National Futures Association (NFA). Apparently, BloomForexTrades Does Not Have A License To Operate In Forex Trading In Either Country.
More Importantly, The Broker Also Claims To Be Regulated By The Vanuatu Financial Services Commission (VFSC). However, We Did Not Find Any Results Matching BloomForexTrades Or Exinity Group In The VFSC. This Means That BloomForexTrades Is Not Regulated By Any Regulatory Body. The Funds Invested By Investors In This Broker Are Not Safe And Cannot Be Protected By Any Laws. It Is A Fake Broker.
Due To The Inability To Access The Broker's Website Now, We Cannot Obtain More Direct Details About Its Trading Assets, Leverage, Spreads, Trading Platform, Minimum Deposit, Etc.
As For Regulation, It Has Been Verified That BloomForexTrades Has Not Obtained Any Valid License At Present.
But Most Non-compliant Brokers Will Not Disclose To Provide Other More Direct And True Contact Information, Such As Phone Number Or Company Address.
Note: BloomForexTrades 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, 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.
