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Bakkt Market
Operating status: SCAM
Website: https://webullforex.com/en/index
Broker violations and abnormal records
Bakkt Market claims to be headquartered in the USA, is a broker licensed and regulated by the U.S. National Futures Association (NFA) with ID 0561418 and the U.S. Financial Crimes Enforcement Network(FinCEN) as a Money Services Business (MSB) under registration number 31000263262302,
offering a range of investment products to traders in global markets.
Under registration number 31000263262302 with MSB, we found that the company is SMART GLOBAL, but the business of the MSB is only currency exchange, cannot license forex trading brokerage activities, and has no authorization for financial derivatives.
However, Bakkt Market is also not authorized and regulated by the NFA.
The truth is that Bakkt Market is not regulated by any regulators. Letting it hold or control investors'money is unsafe, and the money can not be protected by any laws.
Bakkt Market is a scam.
Bakkt Market claims to be headquartered in the USA, is a broker licensed and regulated by the U.S. National Futures Association (NFA) with ID 0561418 and the U.S. Financial Crimes Enforcement Network(FinCEN) as a Money Services Business (MSB) under registration number 31000263262302,offering a range of investment products to traders in global markets.Under registration number 31000263262302 with MSB, we found that the company is SMART GLOBAL, but the business of the MSB is only currency exchange, cannot license forex trading brokerage activities, and has no authorization for financial derivatives. However, Bakkt Market is also not authorized and regulated by the NFA.The truth is that Bakkt Market is not regulated by any regulators. Letting it hold or control investors'money is unsafe, and the money can not be protected by any laws.Bakkt Market is a scam.BrokersView found that the domain "https://webullforex.com/en/index" is currently inaccessible. This is widely regarded as a significant red flag, as the suspension of a broker's website often points to underlying regulatory or operational issues.
BrokersView found that the domain "https://webullforex.com/en/index" is currently inaccessible. This is widely regarded as a significant red flag, as the suspension of a broker's website often points to underlying regulatory or operational issues.
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