The Official Website Of TMFX Cannot Be Accessed Normally At Present. The Company Appears To Have Closed Down. Therefore, We Can Only Collect Some Relevant Information For Reference Only.
2022-07-21 We Have Confirmed That TMFX Is An Unregulated Foreign Exchange Dealer After Review
TMFX Claims To Be Regulated By The National Futures Association (NFA) With Regulation Number 0542137. We Did Find A Match For This Broker In The NFA's Registration, However, TMFX Is Not A Registered Member Of This Regulatory Agency And Therefore Is Not Effectively Regulated By The NFA. As A Forex Trader, You Must Keep In Mind That If A Broker Claims To Be Eligible To Solicit US Clients For Forex Trading, Then They Must: 1) Be A Registered Member Of An NFA-accredited Forex Dealer; And 2) Be Accredited As A "Retail Forex Dealer".
Obviously, TMFX Does Not Meet These Conditions. This Means That The Broker Is Only A Registered Company, Not A Company That Is Effectively Regulated, And Is Not Qualified To Provide Such Financial Services. It Is A Fake Trader.
Since The Broker's Website Cannot Be Accessed At This Time, We Are Also Unable To Obtain More Direct Details About Its Trading Assets, Leverage, Spreads, Trading Platform, Minimum Deposits, Etc.
As For Regulation, It Has Been Verified That TMFX Does Not Currently Have Any Valid Licenses.
But Most Non-compliant Brokers Will Not Disclose Providing Other More Direct And Truthful Contact Information, Such As Phone Numbers Or Company Addresses.
Note: TMFX 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 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 When Selecting Traders, And Remind Everyone To Stay Away From These Unregulated Ones As Much As Possible.
