Does this broker offer a money laundering solution?
By methods of reasonable deduction, this broker could not possibly use any of those fancy liquidity providers listed on their web page, just look at the spreads and minimum account / lots sizes and decide that for yourself.
So this raises the question: Have they ever used any liquidity provider at all?
The term "bucket shop" refers to such practice of not sending your orders directly to the ECN or liquidity provider, so they could not possibly cover your request for withdrawal.
This broker's regulatory statement is questionable and certainly not based in the USA, as they allegedly attempt such misrepresentations.
This broker lists "Liberty Reserve" as a deposit and money laundering option, which should be a red flag in of itself.
This broker allegedly has listed "SIBA" as their regulation authority. There are some interesting articles on
http://www.fsaseychelles.sc regarding questionable entities attempting to defraud the public with misleading regulatory statements.
Here is the contact info for inquires regarding, or as necessary for the purpose of reporting questionable practices:
Seychelles International Business Authority’s (SIBA)
Seychelles Securities Exchange
COMPLIANCE AND SURVEILLANCE
For any compliance or surveillance queries please contact us at:
compliance@trop-x.com
CONTACT THE TROP-X REGULATOR: THE FINANCIAL SERVICES AUTHORITY
Regards..