Upon Verification: FOGO Is Operated Through The Website Https://fogoforex.com And The Broker Does Not Currently Have Any Effective Regulation.
FOGO Claims To Be Owned And Operated By UK-based FOGO GLOBAL LIMITED And Is A Broker Regulated By The US Money Services Business (MSB).
The Trader Offers A Range Of Investment Products Including Forex, Stocks, Indices, Commodities, Cryptocurrencies, Metals, Energy And Many More Instruments For Trading In Global Markets.
After Investigation, It Was Found That The Fact Is That FOGO Is Not Regulated By Any Regulatory Authority. Allowing It To Hold Or Control Investors' Funds Is Not Safe, And These Funds Are Not Protected By Any Laws.
FOGO Is Actually A Scam.
And Most Non-compliant Brokers Do Not Disclose Providing Their Direct And True Contact Information, Such As Phone Numbers Or Company Addresses.
Note: FOGO Being An Unregulated Broker 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.
