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Operating status: SCAM
Website: https://forexer5.com/

Fake FOREXer claims it is owned and operated by Global Eternity, an investment holding company regulated by the Malaysia regulator Labuan Financial Services Authority (Labuan) with License number: LL17111. However, we did not find any match results to the company name or the license number in Labuan. The regulation info this broker claims on the website is a false statement for unsuspecting traders.
Besides, Fake FOREXer claims it has several subsidiaries in different countries including the USA, New Zealand, and Dubai. According to this info, we did searching in the following authorities:
1) The US National Futures Association (NFA);
2) The New Zealand Financial Markets Authority (NZ FMA);
3) The Dubai Financial Services Authority (DFSA).
However, we did not find any match results to Fake FOREXer in the above watchdogs' registry. That means Fake FOREXer is not regulated by any regulators. Investors' money in this broker is unsafe and cannot be protected by any law. Therefore, it is a scam.
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