Must Know: Three Forex Brokers Saw Changes in Their Licenses Recently!

  Forex brokers whose licenses have changed recently are listed as following for your reference. Please protect yourself from investment risks.

  1. HX8888: It claims to hold the DS license authorized by the Chinese Gold and Silver Exchange (CGSE) whereas the license is suspected to be cloned whose status has changed from ‘Regulated’ to ‘Revoked’. At present, the forex broker is under no valid regulation after the revocation of its license.

  2. FXGM: It claims to hold the license of European Authorised Representative authorized by the Financial Conduct Authority (FCA), the license of Retail Foreign Exchange Dealer (RFED) authorized by the Federal Financial Supervisory Authority (BaFin), and the RFED permit authorized by the Bank of France (BDF). However, the status of all these have changed from ‘Regulated’ to ‘Revoked’. Its RFED license authorized by the National Securities Market Commission in Spain (CNMV) is still regulated, but please be alert to this forex broker.

  3. BB&T: It claims to hold the financial permit authorized by the National Futures Association (NFA) whereas the status of the license has changed from ‘Regulated’ to ‘Revoked’. The broker isnt under regulation currently in the wake of revocation of its license.

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