No Regulatory Oversight

FOREX FXM appears to be a legit trading firm, but further research indicates that there is no legitimate regulatory certification. The website does not even provide a verifiable office address or legal documents that might warrant confidence in the firm’s legitimacy and accountability.

FCA Issues Warning

The UK’s Financial Conduct Authority (FCA) issued a public warning against FOREX FXM. The FCA stated that this business might have been providing financial services or products in the UK without that authorization. This strongly implies that FOREX FXM is acting illegally.

Check – https://www.fca.org.uk/news/warnings/forex-fxm-joshthetraderfx-wwwforexfxmcom

Investor Risk and Website Issues

Outside of having no regulation, FOREX FXM does not offer investors any legal protection. When you deposit your funds with these types of platforms, there is a high risk of the misuse of funds. To exacerbate the situation further, the website does not currently seem to function, raising even more concerns about its legitimacy and operations.

Final Thoughts

Investors should be cautious and refrain from engaging with FOREX FXM. The lack of regulation, the FCA warning, and a defective website mean it is not a reliable and believable business.

Think you’ve been targeted or affected?

Go to ReportScam.net to report suspicious platforms and get advice about the recovery of funds.