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Dubious Brokers ?

Discussion in 'Scam Alerts' started by 4xStrategies, Aug 22, 2009.

  1. 4xStrategies

    4xStrategies Recruit

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    Ref your last, I'm looking in to 2 brokers that have been recommended to me. Maybe you can help... these would be:
    BasicFX.com and
    ForexMeta

    The cohicidentally have the same physical address in Chicago, IL, and to make things even juicier, neither provide details on "...not list any regulator on its website and that refuses to disclose the name of any regulator..."

    Can you look in to that?

    Thanks,
    BlueFish
     
    #1 4xStrategies, Aug 22, 2009
    Lasted edited by : Aug 24, 2009
  2. Pharaoh

    Pharaoh Colonel

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    They might just be whitelabels of another brokerage. Contact each one and ask them about their licensing and regulation.
     
  3. fxfrench

    fxfrench FXOpen AU Representative

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    The address may just be a virtual office or business registrar. If they are in the US and operating a forex business, they should be registered with NFA or CFTC really shouldn't they?
     

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