English
Sign In

ForexOclock

Operating status: SCAM

Website: https://www.forexoclock.com/

Broker violations and abnormal records
  • Sep 15, 2022 BrokersView has Reviewed that ForexOclock is an Unregulated Forex Broker

    ForexOclock claims to be owned and managed by Ideas Incubator SA, a company registered in Switzerland. Besides, this broker also claims to be powered by FXDD, which is regulated by the Malta Financial Services Authority (MFSA) with license number C48817.

    First, as per swiss law, All types of financial firms that include stock exchanges, stock brokers, forex brokers, banks, insurance companies, securities dealers, fund managers, and any other kind of entity that deals in the financial markets shall be authorized by the regulatory watchdog Swiss Financial Market Supervisory Authority (FINMA). However, we did not find any match results to ForexOclock or Ideas Incubator SA in FINMA. That means ForexOclock is not an approved broker in Swiss.

    Second, we indeed find a match result to the license number in MFSA. However, the regulatory details in MFSA only match FXDD, which does not mean that this broker is also regulated. We consulted FXDD's customer service, who informed us that FXDD is not affiliated with ForexOclock in any way.

    The truth is that ForexOclock is not under valid regulation by any regulators to do forex. Investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.

    ForexOclock claims to be owned and managed by Ideas Incubator SA, a company registered in Switzerland. Besides, this broker also claims to be powered by FXDD, which is regulated by the Malta Financial Services Authority (MFSA) with license number C48817.First, as per swiss law, All types of financial firms that include stock exchanges, stock brokers, forex brokers, banks, insurance companies, securities dealers, fund managers, and any other kind of entity that deals in the financial markets shall be authorized by the regulatory watchdog Swiss Financial Market Supervisory Authority (FINMA). However, we did not find any match results to ForexOclock or Ideas Incubator SA in FINMA. That means ForexOclock is not an approved broker in Swiss.Second, we indeed find a match result to the license number in MFSA. However, the regulatory details in MFSA only match FXDD, which does not mean that this broker is also regulated. We consulted FXDD's customer service, who informed us that FXDD is not affiliated with ForexOclock in any way.The truth is that ForexOclock is not under valid regulation by any regulators to do forex. Investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.

Reviews

Be the first to review.
Rate and Review

Your review

App Store

Google Play

Company Shop Application About Us Our Methodology Privacy Policy Contact Us

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.

Disclaimer:

The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.