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Moden Markets

Operating status: SCAM

Website: https://cn.modenmarkets.com/index.php

Broker violations and abnormal records
  • Jun 26, 2022 Brokersview has Reviewed that Moden Markets is an Unregulated Forex Broker

    Moden Markets claims to be a regulated broker under double regulation including the Financial Commission (FinaCom) and the United States National Futures Association (NFA). But the FinaCom is not an authority that issue licenses for forex trading or regulate forex services. 

    Moreover, we searched the NFA and found a matching result. However, Moden Markets is not under valid regulation by NFA since it is not an approved NFA member. 

    That means Moden Markets is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe and the money can not be protected by any laws. Therefore, it is a scam. 

    Moden Markets claims to be a regulated broker under double regulation including the Financial Commission (FinaCom) and the United States National Futures Association (NFA). But the FinaCom is not an authority that issue licenses for forex trading or regulate forex services. Moreover, we searched the NFA and found a matching result. However, Moden Markets is not under valid regulation by NFA since it is not an approved NFA member. That means Moden Markets is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe and the money can not be protected by any laws. Therefore, it is a scam.
  • Nov 17, 2022 BrokersView has found that Moden Markets is not working

    BrokersView found the domain "https://cn.modenmarkets.com/index.php" is not working, as most probably it was suspended and it is always a bad sign when broker's website is suspended.

    BrokersView found the domain "https://cn.modenmarkets.com/index.php" is not working, as most probably it was suspended and it is always a bad sign when broker's website is suspended.

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