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IFOREX OPTION24
Operating status: SCAM
Website: https://www.iforexoption24.com/
Broker violations and abnormal records
On January 25, 2024, the Financial Conduct Authority (FCA) issued a warning against IFOREX OPTION24, believing this company might be providing financial services or products without proper authorization in the UK. https://www.fca.org.uk/news/warnings/iforex-option24
On January 25, 2024, the Financial Conduct Authority (FCA) issued a warning against IFOREX OPTION24, believing this company might be providing financial services or products without proper authorization in the UK. https://www.fca.org.uk/news/warnings/iforex-option24IFOREX OPTION24 purports to be a regulated entity by displaying five certificates on its website. These are from the Mauritius Financial Services Commission (Mauritius FSC), the National Minority Supplier Development Council (NMSDC), Inter-Agency Task Force CORE and Freedom of Information, the Financial Commission, and the Securities and Exchange Commission of Philippines (Philippines SEC).
However, it's worth noting that this set of certificates has been seen before. Numerous fraudulent investment platforms have used these same certificates, merely substituting their own brand names to give an appearance of authenticity (refer to a similar scam EasyFxExchange previously exposed by BrokersView).
Signs of photoshopping can be observed. Of these five licenses, only those from the Mauritius FSC, Financial Commission, and the Philippines SEC pertain to financial markets. A search for IFOREX OPTION24 within the registers of these agencies confirms the suspicions - the certificates are counterfeit.
Moreover, the Financial Conduct Authority (FCA) has issued a warning about IFOREX OPTION24, categorizing it as an unauthorized firm in the UK.
In essence, IFOREX OPTION24 is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.
IFOREX OPTION24 appears to be a scam.
IFOREX OPTION24 purports to be a regulated entity by displaying five certificates on its website. These are from the Mauritius Financial Services Commission (Mauritius FSC), the National Minority Supplier Development Council (NMSDC), Inter-Agency Task Force CORE and Freedom of Information, the Financial Commission, and the Securities and Exchange Commission of Philippines (Philippines SEC).However, it's worth noting that this set of certificates has been seen before. Numerous fraudulent investment platforms have used these same certificates, merely substituting their own brand names to give an appearance of authenticity (refer to a similar scam EasyFxExchange previously exposed by BrokersView).Signs of photoshopping can be observed. Of these five licenses, only those from the Mauritius FSC, Financial Commission, and the Philippines SEC pertain to financial markets. A search for IFOREX OPTION24 within the registers of these agencies confirms the suspicions - the certificates are counterfeit.Moreover, the Financial Conduct Authority (FCA) has issued a warning about IFOREX OPTION24, categorizing it as an unauthorized firm in the UK.In essence, IFOREX OPTION24 is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.IFOREX OPTION24 appears to be a scam.BrokersView found that the domain "https://www.iforexoption24.com/" is currently inaccessible. This is widely regarded as a significant red flag, as the suspension of a broker's website often points to underlying regulatory or operational issues.
BrokersView found that the domain "https://www.iforexoption24.com/" is currently inaccessible. This is widely regarded as a significant red flag, as the suspension of a broker's website often points to underlying regulatory or operational issues.
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