The Official Website Of FTSFX Cannot Be Accessed Normally At Present. The Company Seems To Have Closed Down. Therefore, We Can Only Collect Some Relevant Information For Reference Only.
2022-07-12 Hong Kong Securities Supervision Commission Adds FTSFX To The Warning List
On July 12, 2022, The Hong Kong Securities And Futures Commission (SFC) Issued A Warning That FTSFX Is A Very Suspicious Dealer. You Can Visit The Following Website For Details: Https://www.sfc.hk/TC/alert-list/2851
2022-07-13 We Have Reviewed And Confirmed That FTSFX Is An Unregulated Foreign Exchange Dealer
FTSFX Claims To Be Regulated By The Cyprus Securities And Exchange Commission (CySEC), The Mauritius Financial Services Commission (Mauritius FSC), And The Saint Vincent And The Grenadines Financial Services Authority (SVG FSA). However, We Did Not Find A Match For This Broker In The Above Three Agencies.
In Addition, The Broker Claims To Be Regulated By The UK Financial Conduct Authority (UK FCA) With Regulatory Number 217689. So We Searched For FCA, But Found That The Number Actually Belongs To Another Company Called "Forex Capital Markets Limited". And The Company's Approved Website Domain Name Is "www.fxcm.com/uk/" Instead Of "www.ftsfx.net". This Means That FTSFX Is Stealing Information From Licensed Companies.
More Importantly, The Hong Kong Securities And Futures Commission (SFC) Has Issued A Warning To The Public That FTSFX Is A Very Suspicious Trader.
This Evidence Makes It Clear That FTSFX Is Not Subject To Any Regulatory Authority. It Is Not Safe For This Trader To Hold Or Control Investor Funds, And Investors Cannot Be Protected By Any Laws. It Is A Fake Trader.
Due To The Inability 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 FTSFX Does Not Currently Have Any Valid Licenses.
But Most Brokers That Are Not Compliant Will Not Disclose To Provide Other More Direct And Truthful Contact Information, Such As Phone Numbers Or Company Addresses.
Note: FTSFX 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.
