RECOMMENDED FOREX BROKERS
Do not invest more money than you can afford to lose.
The International Financial Services Commission (IFSC) of Belize has issued warning notices against forex broker Club Fast Coin and stock brokerage TRADEEX which falsely claim to be based and registered in Belize.
Club Fast Coin is falsely providing on its website an address based in Belize which is inaccurate and misleading since it is neither incorporated, nor licensed in the country. Club Fast Coin is a broker that offers trading accounts entirely operated in BitCoins. The broker’s product portfolio consists of forex, stocks, futures and metals.
TRADEEX also claims to be registered in Belize as an International Business Company. It even presents a fake incorporation certificate, to which the IFSC referred as to “a complete forgery”.
“The Tradeex LLC. is officially registered in Belize’s offshore zone which gives us a tax-free and a solid foundation for an effective legal work throughout the world,” the broker says on its website.
In addition to Belize, TRADEEX also provides incorporation documents for its entities in the UK and the US. Both the UK and US registers confirm the existence of such companies (see below).
The regulator alerted traders should exercise extreme caution when dealing with any of these entities.
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.