Bourfxtrade claims to be a trading and investment platform offering forex and cryptocurrency products, and states that it is authorized and regulated by the U.S. Securities and Exchange Commission (SEC). However, our investigation indicates that Bourfxtrade does not appear in the official registration database of the SEC. It is also important to note that the SEC does not regulate foreign exchange (forex) trading activities. Furthermore, while Bourfxtrade claims to have a business address in the United Kingdom, we have not found any record of this company registered with the Financial Conduct Authority (FCA), which is the regulatory body responsible for overseeing financial services firms in the UK. Based on these findings, Bourfxtrade appears to operate without proper regulatory authorization from any reputable financial authority. Therefore, Bourfxtrade pose a high risk to investors and appears to be a scam.