SogoTrade Fined $75K Amid Compliance Failures
FINRA fines SogoTrade $75,000 for market access control failures as TopFX advances synthetic indices trading and 24/7 multi-asset solutions.
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Abstract:The forex broker whose license has changed and platforms that have been warned this week are listed as following for your reference.
The forex broker whose license has changed and platforms that have been warned this week are listed as following for your reference. Please protect yourself from investment risks!
Details are as follows:
1. RCM: It claims to hold the license of Financial Service Provider (FSP) authorized by the Financial Service Providers Register (FSPR) whereas the status of the license has changed from ‘Regulated’ to ‘Revoked’. This broker isnt efficiently regulated at present after the revocation. WikiFX has exposed that this platform is a pyramid scheme, thus recommending investors to raise their vigilance.
Forex brokers warned by official regulators recently are presented herein:
2. Warning list issued by Monetary Authority of Singapore (MAS):
Name: World Market Website: https://worldmarkets.com
Name: KRX Website: https://Krx.today
Name: IFS International Limited Website:https://www.fx-ifs.com/en/
3. Warning list issued by Canadian Securities Administrators (CSA):
Name: RNA Investments Ltd. Website: https://rna-canada.com/index.html
Name: ucMetals Ltd. Website: https://ucmetals.com/
Name: cryptocc.xyz Website: https://www.cryptocc.xyz and https://wap.cryptocc.xyz
Name: BTCC-FX Website: https://www.btccfxev.com and https://wap.btccfxev.com
WikiFX, a forex broker info search tool, is popular among global senior investors! (bit.ly/wikifxIN)

Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.

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