Belize’s regulator, the International Financial Services Commission (IFSC), has warned that the forex broker Fixed Star is making false claims about its Belize license.
It has come to the notice of the International Financial Services Commission of Belize (IFSC) that an entity calling itself “Fixed Star Investment Inc.” is falsely and fraudulently claiming to hold a trading in securities license issued by the International Financial Services Commission of Belize.
According to the announcement, the IFSC license displayed on the broker’s page is “complete forgery” and the entity is not licensed by the regulator or any other competent authority in Belize to engage in any type of trading business.
In all fairness, it seems that meanwhile the broker has removed the fake license from its site http://fxsfx.com, as the link provided by IFSC returns an error message. On the other hand, the website is full of bugs and none of the menus or links works properly. There is, however, a claim at the bottom of the page, that it is regulated by IFSC.
It is always advisable to avoid dealing with dubious and unregulated brokers like this one. This brings very high risk of loss.