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Focus Comtrade

Operating status: SCAM

Website: http://focuscomtrade.com/#

Broker violations and abnormal records
  • Aug 25, 2022 BrokersView has Reviewed that Focus Comtrade is an Unregulated Forex Broker

    Focus Comtrade claims to be owned and operated by Focus Group, a group of companies engaged in the businesses of Equities, Commodities, Forex, IT Software, Healthcare Verticals, and education. Focus Group consists of:

    1) Focus Comtrade Pvt. Ltd, a member of Multi Commodities Exchange Ltd (MCX) and National Commodities & Derivatives Exchange of India Ltd(NCDEX)

    2) Focus Shares & Securities Private Ltd, a Stock Broking firm with memberships of NSE, NSE F&O, BSE, NSE Currency Derivatives, and MCX - SX (Forex). 

    However, none of the above-mentioned agencies can issue licenses for forex trading or regulate entities engaging in forex services. That means Focus Comtrade is not under valid regulation by any regulators. Investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.

    Focus Comtrade claims to be owned and operated by Focus Group, a group of companies engaged in the businesses of Equities, Commodities, Forex, IT Software, Healthcare Verticals, and education. Focus Group consists of:1) Focus Comtrade Pvt. Ltd, a member of Multi Commodities Exchange Ltd (MCX) and National Commodities & Derivatives Exchange of India Ltd(NCDEX)2) Focus Shares & Securities Private Ltd, a Stock Broking firm with memberships of NSE, NSE F&O, BSE, NSE Currency Derivatives, and MCX - SX (Forex). However, none of the above-mentioned agencies can issue licenses for forex trading or regulate entities engaging in forex services. That means Focus Comtrade is not under valid regulation by any regulators. Investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.

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Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

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