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.