New concepts in the financial or investment fields are always used by fraudsters to make a big fuss. FMS Markets is a platform that engages in fraud based on the concept of digital assets.
On November 28th, a Huiyou from Aihuicha stated in an exposure that the FMS Markets black platform only allows you to invest funds, and there is no way you can make any money. At present, there are 50864 yuan in Huiyou's account that cannot be deposited.
FMS Markets fabricated regulation
Open the official website of FMS Markets, and the Chinese name of the platform is Feynman Group. Feynman Group stated on its official website that it belongs to FMS Markets Commercial Brokers LLC, a company registered in the United Arab Emirates and regulated by the Dubai Department of Economic Development (DED), providing investment and trading services for financial derivatives such as foreign exchange, precious metals, commodities, cryptocurrencies, and indices.
Is the regulation of FMS Markets true? After checking with the Dubai Financial Services Authority DFSA and the Dubai Department of Economic Development DED, Ai Huicha found that neither institution's official website found any registration information for FMS Markets Commercial Brokers LLC! It can be seen that the claim on its official website that it is regulated by DED is not true.
It should be noted that the financial regulatory authority in Dubai is DFSA (Dubai Financial Services Authority), and the DED mentioned by FMS Markets does not regulate financial derivatives at all. FMS Markets not only fabricated regulations, but also used domestic investors' unfamiliarity with Dubai regulations to try to fish in troubled waters.
How is Dubai DFSA regulated?
Since I mentioned the less popular Dubai regulatory agency DFSA, I would like to introduce this institution to you by the way. Firstly, DFSA in Dubai regulates leveraged foreign exchange trading. According to data, there are currently 45 licensed brokers under its supervision, including Amana Capital, XM, HYCM Industrial Investment, etc.
DFSA regulation allows overseas customers to open accounts, with leverage ranging from 10:1 to 50:1.
At present, DFSA has a regulatory rating of A in the "Regulatory Institutions" section of Aihuicha, with a moderate to high level of regulatory intensity.
Ai Hui Cha Reminder:
Even currency pair traders with years of experience may not have a clear understanding of the derivatives regulatory agencies in many countries. And this information is poor, so it is used by scammers to create a black platform.
The Ai Hui Cha Regulatory Authority column has entered over 30 common global regulatory agencies and trading platforms under their supervision. By clicking on it, you can access the source regulation and trace the current regulatory status of the platform. If you are not familiar with the inquiry services of regulatory agencies or various regulatory agencies, we suggest that you use these two functions of iHuiCha as a reference.
