RECOMMENDED FOREX BROKERS
Do not invest more money than you can afford to lose.
LiquidFX, a multi-service financial company, has made its way to the black list of the Financial Market Supervisory Authority (FINMA) of Switzerland, according to data published on Thursday on the regulator’s website.
The company is based in and is entered in the Swiss commercial register, the FINMA noted.
The company operates via www.liquid-fx.net and offers trading services, bond investment, liquid asset trading, and other financial activities. It claims to be a partner of UFX Markets, a forex broker licensed in Cyprus. LiquidFX’s website provides a links to a web page that appears to be part of ufx.com’s website, but it looks a bit different than the broker’s website. We urge you to be cautious when engaging with the company.
As any other EU state, Switzerland requires financial service providers who want to operate in the country to hold a license from the relevant authorities in the country or in any other EU member.
The FINMA’s warning list consists of 552 companies and individuals. The regulator also keeps a register of all regulated companies where investors can check whether the brokers and intermediaries they work fall under FINMA’s regulation
If the watchdog finds a company in breach with the laws, it can initiate an enforcement proceeding and impose measures, such as closing the entity down.
When engaging with unauthorized and non-regulated brokers traders are putting their investments at higher risk. We strongly advise you to only deal with regulated forex brokers, authorized by reputable regulatory bodies like CySec, FCA, and CFTC/NFA, among others.