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Corex Market
Operating status: SCAM
Website: https://corexmarket.com/
Broker violations and abnormal records
Corex Market claims to operate under the name Corex Financing Broker LLC and is based in the United Arab Emirates. Thorough checks in the official registers of the UAE’s key financial regulators—the Securities and Commodities Authority (SCA), the Dubai Financial Services Authority (DFSA), and the Central Bank of the United Arab Emirates (CBUAE), there exists no record of Corex Financing Broker LLC being licensed or authorized by any of these regulatory bodies.
Additionally, Corex Market states to be regulated in the United States under the name CorexMarket Ltd by the Financial Crimes Enforcement Network (FinCEN). While there is indeed a registration under this name in the FinCEN database, FinCEN is not a financial regulator and does not license or supervise forex trading activities. Registration with FinCEN does not authorize a company to offer brokerage services or engage in foreign exchange trading in the U.S.
Therefore, Corex Market is an unregulated broker and very likely to be a scam.
Corex Market claims to operate under the name Corex Financing Broker LLC and is based in the United Arab Emirates. Thorough checks in the official registers of the UAE’s key financial regulators—the Securities and Commodities Authority (SCA), the Dubai Financial Services Authority (DFSA), and the Central Bank of the United Arab Emirates (CBUAE), there exists no record of Corex Financing Broker LLC being licensed or authorized by any of these regulatory bodies. Additionally, Corex Market states to be regulated in the United States under the name CorexMarket Ltd by the Financial Crimes Enforcement Network (FinCEN). While there is indeed a registration under this name in the FinCEN database, FinCEN is not a financial regulator and does not license or supervise forex trading activities. Registration with FinCEN does not authorize a company to offer brokerage services or engage in foreign exchange trading in the U.S. Therefore, Corex Market is an unregulated broker and very likely to be a scam.
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