简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Abstract:Scam brokers tend to promise you safety, protective, or transparent trading conditions, as well as fast ROI(Return on Investment), but when you deal with it, you will find the actual situation is quite the opposite.
An Unregulated Forex Broker
CamFX Trade claims it is a strictly regulated firm who get business license issued by the Registrar of the Business of the United States. Obviously, the document is fake.
Moreover, if a company offers forex services in the US, it should be registered be registered as a futures commission merchant and foreign exchange dealer with CFTC and to be a member of NFA. However, no results matched with CamFX Trade on the two regulatory bodies.
Good ROI Oriented
The broker states that it carefully chose the best and most profitable trading methods to get amazing results.
As you can see, its trading accounts promise a compounding total return of at least 35% for 7 days, and up to 120% for 3 days. That means you would see a 35% or 120% ROI on your initial capital. It just tells you can make good returns but fails to explain in which way you can get them. If you think carefully, you will know it is just a scam, targeting people who are not yet familiar with the specifics of trading, and are tending to make a quick money.
FCA Warns Against CamFX Trade
Checking its “Contact Information”, CamFX Trade shows its office address is in London, the UK. As per the UK law, all firms and individuals offering, promoting, or selling financial services or products in the UK have to be authorized or registered by the UK financial regulator - FCA. We searched with CamFX Trade on the FCA Registry but only found it had already been blacklisted as the result of a lack of authorization.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
Bank Negara Malaysia (BNM) has updated its Financial Consumer Alert List (FCA List) by adding 12 more entities, reinforcing its efforts to warn the public against unregulated financial schemes. Check if your broker made the list!
TradingView has launched a mini app on Telegram, making it easier for users to track market trends, check price movements, and share charts.
Oil production cuts in March are reshaping the market. Traders are closely watching OPEC+ decisions and supply disruptions, which could impact prices and future production strategies.
Leverage amplifies both potential profits and risks. Understanding how to calculate leverage and margin helps traders manage risks and avoid forced liquidation.