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BGAMFX
Operating status: SCAM
Website: https://bgamfx.com/
Broker violations and abnormal records
On June 3, 2025, the Federal Financial Supervisory Authority (BaFin) issued a warning against BGAMFX for the lack of the required authorization. https://www.bafin.de/SharedDocs/Veroeffentlichungen/EN/Verbrauchermitteilung/unerlaubte/2025/meldung_2025_05_30_Warnung_Websites_en.html
On June 3, 2025, the Federal Financial Supervisory Authority (BaFin) issued a warning against BGAMFX for the lack of the required authorization. https://www.bafin.de/SharedDocs/Veroeffentlichungen/EN/Verbrauchermitteilung/unerlaubte/2025/meldung_2025_05_30_Warnung_Websites_en.htmlThe website uses a common template for scam websites, which has been previously marked by Brokersview, for example: XH Pro. It claims to be regulated by the Money Services Business (US MSB) and the National Futures Association (NFA). First of all, it is worth noting that the US MSB does not have the right to regulate foreign exchange. Secondly, upon investigation, no matching information was found in the NFA.
In addition, the Federal Financial Supervisory Authority (BaFin) issued a warning against BGAMFX for the lack of the required authorization.
In essence, BGAMFX is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. BGAMFX appears to be a scam.
The website uses a common template for scam websites, which has been previously marked by Brokersview, for example: XH Pro. It claims to be regulated by the Money Services Business (US MSB) and the National Futures Association (NFA). First of all, it is worth noting that the US MSB does not have the right to regulate foreign exchange. Secondly, upon investigation, no matching information was found in the NFA. In addition, the Federal Financial Supervisory Authority (BaFin) issued a warning against BGAMFX for the lack of the required authorization. In essence, BGAMFX is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. BGAMFX appears to be a scam.
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