CySEC warns against Boom Xchange

The financial regulator of Cyprus has warned that the broker Boom Xchange is showing misleading information.

Boom Xchange allow their customers to trade with assets like cryptocurrencies, currencies or commodities.

The broker allegedly has offices in the UK, US and Cyprus. But likely none of this is true, because it would have to be licensed in all these countries.

And it certainly is not regulated in Cyprus, the CySEC confirmed that Boom Xchange has no licence and that it is providing information that belong to some other company.

For trading use regulated brokers only.

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