IFSC warns against four brokers with fraudulent licences

The Belize’s financial regulator IFSC has identified four brokers of cryptocurrencies, Forex and binary options that show numbers of licences that don’t exist.

When a broker is regulated in Belize, it still doesn’t mean anything for people in countries like the US, Canada, EU or Australia. But when a broker is using a fraudulent licence from Belize, it of course is a red flag for all countries.

And this is precisely the case of the following brokers:

  • Sigma Market
  • B.O. Tradefinancials
  • Ultimate Trade Option
  • Height-Option Broker

To their potential clients they show licences that don’t exist according to the IFSC.

For trading we recommend using regulated brokers only.