What Exactly is this?

Avoid Scams

There are unlimited number of funds managers, online forex and stocks broker across the globe, many of them have no principles. Many traders become victim of online scams by joining fraud broker. We have tie up with the most reputed and highly regulated forex companies and stock companies. We are an Introductory Broker of reputed online commodity & currency trading group, provides you some answers and points which you should always keep in your mind before selecting your broker.

Q: Forex market and stock market scams: What exactly is this?

  • A: The definition of forex market and stock market is very wide. According to Wikipedia, forex or stock scam is a trading scheme used by many fraud brokers through which they try to convince their clients to invest maximum money in market in order to get attractive profit. It will be considered as scam if broker fails to fulfil his commitment and promises with his clients. Many brokers even fail to return money to its clients. There are many other ways of scams also like execution of transactions, problems while withdrawing money, lack of transparency and many more.

  • Q: What should I search in my broker?
      A: Here are the few points which you should always keep in your mind while selecting your broker
    • Promises of high returns from electronic market is the biggest sign of scam in this industry. EFD Group will keep you reminding about investors risk in electronic trading.
    • You should always ask about trading license and its regulation in your area. If your broker is not regulated, then you might be in trouble .
    • If you are a new trader, then it will be compulsory for you to get training program under us. Your broker's education and experience also matters a lot here.
    • Transparency is must between broker and clients. Does your broker disclose all relevant taxes and charges before starting your account?
    • Relationship between broker and client should be very flexible and broker should be easily approachable for clients
    • Always join only that broker which have strong online payment security gateway. Broker's website should be secured by SSL.

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Licensed & Multi Regulated

    To provide our clients with security, privacy and reliability, EFD Group works with brokers who are regulated by reputable international regulatory authorities.

  • Central Bank of Curaçao and Sint Maarten (CBCS)
    The Central Bank of Curaçao and Sint Maarten supervises the financial sector of the countries Curaçao and Sint Maarten to primarily promote the stability, integrity, efficiency, safety, and soundness of this sector.
  • Financial Services Commission (FSC)
    The FSC is the integrated regulator for the non-bank financial services sector and global business in Mauritius.
  • Financial Services Authority (FSA)
    FSA is the autonomous regulatory body responsible to license, regulate, enforce regulatory and compliance requirements, monitor and supervise the conduct of business in the non-bank financial services sector in Seychelles.
  • Financial Sector Conduct Authority (FSCA)
    The FSCA is responsible for market conduct regulation and supervision.FSCA aims to enhance and support the efficiency and integrity of financial markets and to protect financial customers by promoting their fair treatment by financial institutions.
  • Financial Conduct Authority (FCA)
    FCA is the conduct regulator for financial services firms and financial markets in the United Kingdom (UK) and is the prudential regulator for some of the financial services firms it regulates.
  • Capital Markets Authority (CMA)
    The CMA is a governmental regulating body charged with the prime responsibility of market intermediaries,and all other persons licensed under the Capital Markets Act.
  • Financial Services Commission (FSC)
    The FSC is the Regulatory Authority responsible for all financial services business operating in and from within the BVI.
  • Cyprus Securities and Exchange Commission (CYSEC)
    CYSEC is the independent public supervisory authority responsible for the supervision of, inter alia, the investment services in Cyprus.
  • Limited Flexible Spending Account(LFSA)
    LFSA is the statutory body responsible for the development and administration of the Labuan International Business and Financial Centre.
  • Dubai Financial Services Authority(DFSA)
    The DFSA is the financial regulatory agency of the special economic zone, the Dubai International Financial Centre (DIFC).
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