Defx Markets Review : Fees, Pros and Cons, Reviews by Real Traders

Defx Markets

Operating status: SCAM

Website: https://defxmarkets.com/

Broker violations and abnormal records

Mar 30, 2023 The UK regulator FCA has issued a warning against Defx Markets
The Financial Conduct Authority (FCA) issued a warning against Defx Markets on Mar 31, 2023, believing this broker might be providing financial services or products in the UK without authorization: https://www.fca.org.uk/news/warnings/defx-markets

The Financial Conduct Authority (FCA) issued a warning against Defx Markets on Mar 31, 2023, believing this broker might be providing financial services or products in the UK without authorization: https://www.fca.org.uk/news/warnings/defx-markets
Apr 06, 2023 BrokersView has reviewed that Defx Markets is an unregulated broker
Defx Markets claims to be regulated by the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) with MSB License M22304317. When we searched the license number on the FINTRAC website, we found it belongs to a company named Meta Forex Markets Ltd. Besides, one must keep in mind that the FINTRAC is only a Canada's financial intelligence unit that has no legal authority to issue forex licenses nor regulate forex activites. Therefore, Defx Markets is falsely using these information to convince investors they are legal. In addition, the Financial Conduct Authority (FCA) has issued a warning against Defx Markets for its offering financial services or products in the UK without authorization.
The truth is, Defx Markets is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, it is a scam.

Defx Markets claims to be regulated by the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) with MSB License M22304317. When we searched the license number on the FINTRAC website, we found it belongs to a company named Meta Forex Markets Ltd. Besides, one must keep in mind that the FINTRAC is only a Canada's financial intelligence unit that has no legal authority to issue forex licenses nor regulate forex activites. Therefore, Defx Markets is falsely using these information to convince investors they are legal. In addition, the Financial Conduct Authority (FCA) has issued a warning against Defx Markets for its offering financial services or products in the UK without authorization. The truth is, Defx Markets is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, it is a scam.

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