City Index was fined by NFA in Jan 2008, then quit NFA membership in Feb 2008

pcbg007 · (#1 (**permalink**))

I like to inform all traders who are still trading with City Index that City Index was fined by the US NFA in Jan 2008 for $60,000 (for luring clients with deceptive testimonials), and had withdrawn themselves from NFA membership in Feb 2008.

NFA reports relating to the Case can be downloaded from:

Index of /NFA_CityIndex

If you or any of your friends are still trading with them, because you have been misled into believing that they are still NFA-regulated, then please inform your friends and make it known here in this forum.

And if any of you here or your friends have been lured into opening accounts with them by their deceptive testimoinals (or their Introducing Brokers' deceptive testimonials) of getting rich fast), please also post them here, and hope that with the help of FPA, their scams are brought to light to force them to get themselves regulated again by the NFA.

pcbg007

max0608 · (#2 (**permalink**))

I believe City Index operates in the US under FX Solutions which is regulated by the NFA. See FX Solutions - Regulation