FarallonFX Review: An Overview of the Platform
FarallonFX is a trading platform that offers services in cryptocurrencies, forex, indices, and commodities. Despite its claims to offer international trade prospects, questions have been raised concerning its authenticity and business methods, prompting regulatory inquiry. For more information on the main issues with this broker, see the FarallonFX review.
Website: https://www.farallonfx.com/
Website Availability: Yes
Domain Status:
- Name farallonfx.com
- Registry Domain ID 2774131067_DOMAIN_COM-VRSN
- Registered On 2023-04-18T21:24:49Z
- Expires On 2025-04-18T21:24:49Z
- Updated On 2023-06-19T16:55:08Z
What is FarallonFX?
According to reports, Machuk LLC, a Marshall Islands-registered business with registration number 965995, is the owner of FarallonFX. While the platform claims an operational base in London, UK, investigations reveal that the address belongs to QOPAY LTD, not FarallonFX. Furthermore, the Marshall Islands, known for its lax regulatory framework, does not oversee financial derivatives brokerage services.
Blacklisted by Regulatory Authorities
Spain’s financial authority, the Comisión Nacional del Mercado de Valores (CNMV), has warned about FarallonFX. It indicates a serious red flag for possible investors by stating that the platform functions without the required authorization to offer financial services.
Red Flags Identified in this FarallonFX Review
- Unregulated Operations: FarallonFX operates under a jurisdiction that does not regulate trading services, leaving investors without legal protection.
- Misleading Claims: The platform claims to be based in London but operates from the Marshall Islands, raising questions about its transparency.
- Regulatory Warnings: Being blacklisted by CNMV highlights its lack of compliance with international financial standards.
- High Risk of Loss: The acknowledgment of trading scams in its statements serves as a cautionary sign for traders.
Conclusion
This FarallonFX review highlights multiple red flags, from regulatory warnings to questionable operational transparency. Investors are advised to avoid unregulated platforms and choose brokers with verified credentials and regulatory oversight.
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Be aware of other potential schemes in the trading world, such as Forex Trading Scams, Cryptocurrency Scams, Pump and pump-and-dump tactics, Investment Deceptions, Fake Trading Platforms, Phishing Attacks, Binary Options Deceptions, and more. If you have fallen victim to any fraudulent schemes, including those related to FarallonFX, take action immediately to protect your funds.
If you have already fallen victim to FarallonFX.com fraud, take quick steps to recover your money. While the process can be tough, patience and completing the proper steps can improve your chances of receiving your money back from FarallonFX.
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