The brokerage OTFX does not meet the licenses of foreign exchange supervision, the standard routine of the fund disk!keep away!

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Poison Tongue Jun will introduce to you a brokerage OTFX this time. This broker has received a lot of complaints only for one year. According to investor feedback, this is a fund disk.What methods did this just one year used?

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OTFX is a leading international online foreign exchange transaction, differential contract transaction and related service providers.Customers can enjoy various advantages such as single transactions, one -click transactions, and transaction transactions through real -time charts.

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OTFX official website shows that three supervisors are subject to regulatory licenses, namely:

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The United States (NFA), Australia (Australia), and Canada (MSB). In fact, these three regulators are very familiar with experienced investors, but for novice investors, they do not necessarily know some of them. This is this one.Founding of the brokerage firms used the means of deceiving novice!Intersection

1. license

1. The American license is not a member of NFA

Poison Tongue found that OTFXLTD is not a member of NFA on the official website of the United States (NFA), so it has nothing to do with NFA, and it is not regulated.

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In fact, as soon as you see that the United States (NFA) supervision can be concluded that it is fake. The difficulty of applying for the American license license is very high, and there are not many in the world, let alone this year.Come to deceive the funds of novice, so if you see the proclaimed by the United States (NFA) supervision, you can turn your head away.

2. The Australian license is an AR authorized license

Poison Tongue found that the OTFXPTYLTD is an AR license -licensed AR license in Australia. ASIC's AR license refers to the company or individual authorized by the ASIC regulatory company (here we call the entrustment subject), so OTFXPTYLTD The companyIt is not directly supervised by ASIC.

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The company authorized by OTFXPTYLTD from the figure is MGFCAPITALPTYLTD, the authorization time is August 17 this year.

At the same time, MGFCAPITALPTYLTD, the main business of the company, is specially issued to securities firms to authorize AR licenses. At present, there are already more than two or 30 companies issued. Among them, some fraud companies are inevitable.It belongs to the same conspiracy.

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How can investors feel relieved through the AR licenses issued by this company!

3. Canadian licenses can only be used for cash currency exchange

The OTFXLIMITED is indeed supervised on the Canadian (MSB) official website that the OTFXLIMITED is indeed supervised, but the foreign exchange supervision business of the Canadian license is different from the foreign exchange supervision business of other licenses.

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The MSB business permission is only a currency exchange business. It is a transaction that converts one currency into another currency (for example, exchanged the US dollar to Canada). It is a foreign exchange for cash currency exchange.EssenceForeign exchange margin business cannot be provided, authorized and regulatory authority without financial derivatives!

So Canada's license is useless for investors.

Second, the harm of self -developed trading software

Poison Tongue Jun also found OTFX's self -developed trading software OTFXPRO. The software claims that "the application can find more information and better transaction. The application allows users to understand the latest market news and analyze your transaction performanceAnd easily manage your account. "

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From the official website, OTFX does not use the regular trading software such as MT4, but only the self -developed trading software, the risk of using self -developed transaction software itself is very high. It is your background to change data, information, and manipulation markets in the background.Based on the license information we found above, no license is in line with foreign exchange supervision. In this case, you will undoubtedly give money to OTFX.

In summary, OTFX does not have a license to meet the qualifications of foreign exchange supervision, so don't be fooled by those big licensed institutions. You still have to investigate and consider investing in funds.Essence

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