Before choosing a trader, many investors know the importance of reviewing the regulatory license of the platform, but don't think that everything is OK after the first step! Be aware that traders' regulatory information may change at any time, and investors need to keep an eye on their regulatory developments in order to protect their accounts.

FX110 network verification found that since July, there have been 7 changes in the license status of traders, of which Changasia Foreign Exchange is a new license, BUXMarkets is a change in license type, and the others are cancellation or suspension of licenses. It is worth noting that after the license cancellation, 1Market, GCB, etc. will not have any regulatory license, there is a huge risk, investors need to pay attention to guard against!

MEX Australia PTY Ltd

Type of change: Dubai DFSA licence changed from "under supervision" to "Cancelled"

Although the platform still has a number of regulatory licenses, since the second half of last year, a large number of users have exposed that they cannot withdraw money on the platform, many investors have even defended their rights for nearly a year, and the funds have still not arrived, and the platform has not made a clear answer, please pay attention to avoid risks.

DirectFX

Type of change: New Zealand FMA licence changed from "under supervision" to "suspended"

The platform is currently in the bankruptcy liquidation stage, and unfunded investors need to pay attention to its liquidation dynamics.

1Market

Type of change: Cyprus CySEC license changed from "under supervision" to "suspended"

Please note that the platform does not have other regulatory licenses, there are certain risks, investors are advised to be vigilant.

GCB

Type of change: Cyprus CySEC licence changed from "under supervision" to "under cancellation"

Please note that the platform does not have other regulatory licenses, there are certain risks, investors are advised to be vigilant.

FF Simple and Smart Trades Investment Services Ltd

Type of change: Cyprus CySEC licence changed from "under supervision" to "under cancellation"

Please note that the platform does not have other regulatory licenses, there are certain risks, investors are advised to be vigilant.

Changasia Exchange

Type of change: Singapore MAS Licence changed from "Cancelled" to "under supervision"

The platform has restored its MAS license, but since 2020, the platform has had many customer complaints, mainly focused on the issue of being unable to withdraw money, and historical issues have not been fully resolved.

The website has also been changed, with the current address being www.longasiacapital.com instead of www.longasia.com.

BUXMarkets

Type of change: CySEC's STP through-pass license was changed to MM Market Maker license

Currently, the platform also holds a Lithuanian LBE license. In addition, a new website, www.strykapp.com, has been added to the platform, and the original website is working normally.

In addition, according to FX110, the company information of another 4 traders has changed recently, please pay attention to identify.

Eurotrader (Regulated by CySEC)

Change type: New URL https//gratis.io

Doo Prime Depu Capital (Regulated by Seychelles FSA)

Change type: URL www.dooprime.sc was added

GWG (CySEC Regulation)

Change type: URL www.gwtrade.eu was added

Leadcapital, ARGOTRAD (Regulated by Seychelles FSA)

Change type: Added url www.77markets.com, www.ArgoTrade.com; www.finq.com, and the original website www.leadcapitalcrp.com can still be accessed.

ARGOTRADE, Finq.com and 77Markets.com are all online trading platforms owned by Lead Capital Corp Ltd. Once again, to enter the foreign exchange market, we should not only carefully review the qualification of the platform before entering the market, but also pay attention to the change of important information of the observation platform to prevent fraud. In case of money problems or fraud, evidence should be collected immediately and reported to the police.