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Mic Market
Operating status: SCAM
Website: https://micmarkfx.com/
Broker violations and abnormal records
On November 3, 2024, the New Zealand Financial Markets Authority (FMA) issued a warning against MIC markets and its associated websites, noting that they were not registered and licensed to offer trading services in financial products in New Zealand. https://www.fma.govt.nz/library/warnings-and-alerts/mic-market/
On November 3, 2024, the New Zealand Financial Markets Authority (FMA) issued a warning against MIC markets and its associated websites, noting that they were not registered and licensed to offer trading services in financial products in New Zealand. https://www.fma.govt.nz/library/warnings-and-alerts/mic-market/According to its website, it claims to be regulated by National Futures Assocaition (NFA), Cyprus Securities and Exchange Commission (CySEC) and Financial Services Conduct Authority (FSCA). Upon investigation, no matching information was found in the NFA. Moreover, we found that the information of the brokers on file with CySEC and FSCA is completely different from that of MIC Market. It is obvious that MIC Market has stolen the information of compliant brokers. This is a very unreliable behavior. Investors are advised to be careful to identify and stay away from it.
In addition, the New Zealand Financial Markets Authority (FMA) issued a warning against MIC markets and its associated websites, noting that they were not registered and licensed to offer trading services in financial products in New Zealand.
In essence, MIC markets 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.
MIC markets appears to be a scam.
According to its website, it claims to be regulated by National Futures Assocaition (NFA), Cyprus Securities and Exchange Commission (CySEC) and Financial Services Conduct Authority (FSCA). Upon investigation, no matching information was found in the NFA. Moreover, we found that the information of the brokers on file with CySEC and FSCA is completely different from that of MIC Market. It is obvious that MIC Market has stolen the information of compliant brokers. This is a very unreliable behavior. Investors are advised to be careful to identify and stay away from it. In addition, the New Zealand Financial Markets Authority (FMA) issued a warning against MIC markets and its associated websites, noting that they were not registered and licensed to offer trading services in financial products in New Zealand. In essence, MIC markets 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. MIC markets appears to be a scam.BrokersView found that the domain "micmarkfx.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 "micmarkfx.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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