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Market Radar

Operating status: SCAM

Website: https://www.marketsradar.io/

Broker violations and abnormal records
  • Jun 11, 2023 The NZ FMA issued a warning against Market Radar

    On June 12, 2023, the New Zealand Financial Markets Authority (FMA) issued a warning against Market Radar, stating that this broker is not registered in the New Zealand as a financial service provider: https://www.fma.govt.nz/library/warnings-and-alerts/market-radar-unreasonably-withholds-clients-funds/

    On June 12, 2023, the New Zealand Financial Markets Authority (FMA) issued a warning against Market Radar, stating that this broker is not registered in the New Zealand as a financial service provider: https://www.fma.govt.nz/library/warnings-and-alerts/market-radar-unreasonably-withholds-clients-funds/
  • Jun 11, 2023 BrokersView has reviewed that Market Radar is an unregulated broker

    Market Radar claims to be operated by RADAR FINANCIAL INVESTMENTS CORPORATION, a regulated member of the Financial Industry Regulatory Authority (FINRA) with CRD# 314823. While it is true that corresponding entries exist in the FINRA registry, it is crucial to note that Market Radar, as a broker offering trading in cryptocurrency, forex and CFDs via their website, is required to be authorized by the Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA). Mere registration with the FINRA doesn't mean that it is legal to provide services or products in the Forex and derivatives markets. However, no records matching RADAR FINANCIAL INVESTMENTS CORPORATION exist in either the CFTC register or the NFA register. As such, Market Radar is operating outside the regulatory framework.

    In addition, the New Zealand Financial Market Authority (FMA) has issued a warning against Market Radar for operating in the absence of proper authorization.

    In essence, Market Radar is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.

    Market Radar claims to be operated by RADAR FINANCIAL INVESTMENTS CORPORATION, a regulated member of the Financial Industry Regulatory Authority (FINRA) with CRD# 314823. While it is true that corresponding entries exist in the FINRA registry, it is crucial to note that Market Radar, as a broker offering trading in cryptocurrency, forex and CFDs via their website, is required to be authorized by the Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA). Mere registration with the FINRA doesn't mean that it is legal to provide services or products in the Forex and derivatives markets. However, no records matching RADAR FINANCIAL INVESTMENTS CORPORATION exist in either the CFTC register or the NFA register. As such, Market Radar is operating outside the regulatory framework.In addition, the New Zealand Financial Market Authority (FMA) has issued a warning against Market Radar for operating in the absence of proper authorization.In essence, Market Radar is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally 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.

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.