FmrBrokerExecutive
Master Sergeant
- Messages
- 264
Investors priorities are as follows:
It's a scam until proven otherwise, as there were lack of official evidences and documents, with both Beneficial owners of nordhill/sfx markets hiding behind the screens, and their marketing IBs pushing away the responsibilities to SFX which is likely going to disappear very soon.
What a very foolish and childish statement.
SFX is a typical offshore Caribbean (St Vincent and the Grenadines) brokerage.
They provide the 400:1 leverage many retail clients yearn for, and Nordhill Capital provides/provided the aggressive double-digit monthly returns.
In the current banking climate, it is VERY DIFFICULT for offshore brokers (St Vincent, Vanuatu, Marshall Islands, Estonia, Labuan, Seychelles, among others) to obtain any type of banking license.
Most of them have therefore been forced to use EMI (Electronic Money Institutions) which provide an IBAN somewhere like Lithuania or the Czech Republic most typically.
The notice on https://www.sfx-markets.com/ is honestly more than many regulated brands have done when going into liquidation.
(Meaning, they still allow deposits by credit card, Crypto, etc while client funds are frozen / they cannot process outgoing bank withdrawals.
If you don't want to trade with a brokerage like this, then there are literally 100 UK/EU/US/AU regulated firms you can choose from. But if you do trade with a 400:1, it's ridiculous to not accept that this type of issue may occur. It is literally the exact same as investing in an offshore casino. Nothing wrong with either, but don't expect to receive the same level of regulatory protections from a conservative onshore brokerage!
Happy trading.