ForexRuby's Official Website Cannot Be Accessed Normally At The Moment. The Company Appears To Have Gone Out Of Business. Therefore We Can Only Gather Some Relevant Information For Reference Only.
2022-06-20 Bahamas SCB Puts ForexRuby On The Warning List
On June 20, 2022, The Bahamas Securities Commission (SCB) Issued A Warning That ForexRuby Is Not Authorized To Conduct Financial Business. You Can Visit The Following Website For Details: Https://www.scb.gov.bs/wp-content/uploads/2022/06/SCB-Public-Notice-No.-5-of-2022.pdf
2022-07-12 We Have Reviewed And Confirmed That ForexRuby Is An Unregulated Forex Broker
ForexRuby Claims To Be A Subsidiary Of ForexRuby PLC, Which Is Authorised And Regulated By The UK Financial Conduct Authority (UK FCA) With Regulation 890011. But We Did Not Find A Matching Result For This Broker In The FCA.
ForexRuby Also Claims To Be Authorised And Regulated By The Bahamas Securities Commission (SCB). But When We Looked Up Its Regulatory Information In The SCB, We Only Found A Warning Issued For This Broker. SCB Has Warned That ForexRuby Is Conducting Financial Business Without Authorization.
This Means That ForexRuby Is Not Regulated By Any Regulatory Authority. It Is Not Safe To Let This Broker Hold Or Control Investors' Funds And Investors Cannot Be Protected By Any Law. It Is A Fake Trader.
Since It Is Now Impossible To Access The Broker's Website, We Are Also Unable To Obtain More Direct Details About Its Trading Assets, Leverage, Spreads, Trading Platform, Minimum Deposit, Etc.
As For The Regulation, It Has Been Verified That ForexRuby 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: ForexRuby As A, Unregulated Broker, Which Means That Clients' Investments May Not Be Adequately Protected. Due To The Lack Of A Regulatory Authority To Hold Companies 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.
