www.olofx.com

Irving Verzijl

Private, 1st Class
Messages
43
Dear all,

Today I received an unsolicited email from Olofx.com informing me about their partner program. They are located in Belize, the server is located in Germany. Knowing that my email address is known to a (forex) scam organisation I can the alarm bells ringing.

Is anybody here investing with these guys? Are they for real?
 

FxMaster

Lt. Colonel
Messages
9,556
Dear all,

Today I received an unsolicited email from Olofx.com informing me about their partner program. They are located in Belize, the server is located in Germany. Knowing that my email address is known to a (forex) scam organisation I can the alarm bells ringing.

Is anybody here investing with these guys? Are they for real?

Probably they bought Forex traders email list for marketing that`s why you received email from them and they seems new in FX Market.

So New broker in Market.
 

ilearn2t

Sergeant Major
Messages
711
Hello Irving Verzijl

olofx.com is licensed by the International Financial Services Commission (“IFSC”) in Belize with license number IFSC/60/260/TS/13.

Better known as BELFX LIMITED at “IFSC” they do have at least one other "broker" olotrading.com

Not to sure who came first "olofx, or olotrading"

We will never disclose any private or otherwise confidential information in regards to our clients and former clients to third parties without the express, written consent of our clients, except in such
specific cases in which disclosure is required by law,or is otherwise necessary in order to perform
verification analysis on the client’s identity for the purposes of safeguarding their account and
securing their personal information. We may also disclose the clients’ personal information to third
parties in order to fulfil the client’s instructions or subject to the client’s written consent. The
confidential nature of the information shall be expressly notified to the third party.

Good luck
Liz
 

Irving Verzijl

Private, 1st Class
Messages
43
Hello Irving Verzijl

olofx.com is licensed by the International Financial Services Commission (“IFSC”) in Belize with license number IFSC/60/260/TS/13.

Liz

There not mentioned on the IFSC website: http://www.ifsc.gov.bz/licensed-service-providers/list-j/
 

Pharaoh

Colonel
Messages
19,964
The most the IFSC is likely to do is occasionally kick a bad broker out of the country. In terms of "regulation", this provides virtually no protection to the investor.

Stick to brokers directly registered with regulators who like to levy penalties.

By "directly registered", I'm taking a jab at the UK FSC. A company directly registered with them is subject to real regulation. The problem is that a company "regulated" anywhere in the EU (like Cyprus - which only occasionally takes minor actions against bad brokers) gets "passported" to be listed with the FSC.
 

Master Yoda

Captain
Messages
2,929
Never heard of these guys, I won't deal with a Belize regulated company with no real financial regulator.
 

ilearn2t

Sergeant Major
Messages
711
Hello Irving Verzijl

I personally think "some protection is better than none" ;)

One or two warnings on my link look very interesting. ;)

Good luck
Liz
 
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