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PTFX is a scam broker in China.
Website: https://www.guardiancapitalag....
Scam alert: Warning: Low score, please stay away!
Details:
2-5 years
Regulated in Australia
Suspicious Regulatory License
- This broker has been verified to be illegal and all of its licences have been expired. Please be aware of the risk!
- The platform is a Ponzi Scheme, which refers to the use of "principle of value multiplication". In the form of rolling or static fund circulation, it uses the money of next member to pay to the present one, which is essentially a pyramid scheme with the distinction of hidden, deceptive and socially harmful. By calling common person's desire for money, fraudsters in the platform begin raising funds underground. Since this kind of platform mostly will abscond after one or two years, the fund-raising mode just can exist less than three years.
- The number of complaints received by WikiFX (a recorder of blacklisted brokers) has reached 79 for this broker in the past three months.
- Australia ASIC (license number: 631970726) - The regulatory status is abnormal, the official regulatory status is Revoked.
- This broker exceeds the business scope regulated by Australia ASIC(license number: 631970726) Administration of Industry and Commerce-Register Non-Forex License.
Reprinted from Wikifx, the copyright all reserved by the original author.
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