ATFX's domestic management vulnerabilities!Regulatory licenses are constantly!

ATFX's domestic management vulnerabilities!

Regulatory licenses are constantly!

Introduction to securities firms

ATFX is a global online financial service provider under the supervision of the British Financial Behavior Regulatory Administration, headquartered in the UK.They provide trading services for foreign exchange transactions, differences contracts, and other financial derivatives, including foreign exchange, stock indexes, goods, precious metals and cryptocurrencies, etc., and conduct transactions through their advanced trading platforms.In addition, they also provide additional services such as education and training materials, market analysis and research reports.

At the same time, it is also one of the high popularity in China.Simply searching for "ATFX" on the Internet can see countless news and praise. It can be seen that it is definitely not a decimal investment in online publicity and marketing.

Domestic management

ATFX, as a certain scale and high -profile foreign broker, is unexpectedly weak in management and review in domestic operations.

Especially the important things such as an agent have not been reviewed!In 2020, it was revealed that the personnel of their domestic agency companies used illegal possession to use the method of fictional facts and hiding the truth to deceive a large number of property.Suspected fraud was transferred to the review and prosecution!Relevant personnel were detained by the police.

Recently, the Shanghai police cracked a fraud case that happened together in June 2019!

The case involved in the case encouraged investors to invest in the ATFX virtual currency trading platform, claiming that the platform can provide high returns, but in fact, it should be a scam. After investor investing, the funds were illegally misappropriated.The case involved in the case was as high as 20 million yuan!

It can be seen that although ATFX is mighty in terms of propaganda, its domestic operations are very disadvantaged, which requires investors to be vigilant!

Trading and supervision

As one of the symbols of the strength of the brokerage, ATFX lists a full 7 on its official website.

Among them, Australia ASIC is the most special

The Australian ASIC license ID is 418036, which is obtained by the ATFX's acquisition of Lotte Securities Australian license!But it is worth noting that whether it is a licensed company or on the MT4 trading platform, it still uses the name of RakutenseCURITESAUSTRALALALALALAPTYLTD to trade!Intersection

Obviously the current situation of the license is a bit embarrassing. Knowing that I think that whether you want to invest in ATFX or Lotte Securities, avoid 418036 this Australian ASIC license in the short term is definitely a wise choice!

The remaining six licenses are only used for trading:

St. Vincent FSA, Mauritius FSC, Cyehus CYSEC, British FCA

And these licenses are more or less problems!

St. Vincent FSA

For example, ATGLOBALMARKETSLLC is a company regulated by St. Vincent FSA.But St. Vincent's FSA does not supervise foreign exchange and binary options nor regulate cryptocurrencies!How many times have you been bombing!Intersection

Mauritius FSC

Mauritius FSC has limited resources, low international cooperation, low transaction transparency, and relatively lagging regulations!The ATGLOBALMARKETSINTLTD, which is supervised, only has two license permissions: FS-4.1 and SEC-2.1B!Intersection

Among them, the FS-4.1 license of Mauritius FSC refers to the Category 4.1 financial service license issued by it.This license is suitable for institutions that provide financial business such as fund management services, fund management services, fund administrators, and investment consulting services.

SEC-2.1B refers to the 2.1B securities business license issued by it.The institution holding this license can engage in securities -related activities such as securities transactions, securities brokerage, and securities custody.

Therefore, ATGLOBALMARKETSINTLTD, which is subject to the FSC of Mauritius FSC, can only perform ordinary financial services and securities trading services!

Cyesec Cysec

And supervise AtfxglobalMarkets (Cy) Limited Cyesec.Needless to say, although the types of regulatory transactions are rich, it is very limited in operating areas!Only serving the European Union countries and a few surrounding areas, for most of our domestic investors, the role of regulatory and protection funds.

British FCA

The final AtglobalMarkets (UK) Limited is supervised by the British FCA.It is worth noting that the license is limited in the customer type and investment type!

The restriction on the customer type is that the license is not granted its transaction authority for the retail side!It means that most ordinary customers cannot trade compliantly with their transactions.

Summarize

It can be seen that although the ATFX volume and momentum are the leading domestic brokers in China, its domestic operations are still heavy.

Although the five companies used for transactions are regulated, they have their own defects.

The Australian ASIC license to acquire is currently unknown.

ATGLOBALMARKETSLLC, which is supervised by San Vincent FSA, is not regulated and protected to carry out foreign exchange, binary options and cryptocurrency transactions.

ATGLOBALMARLETSINTLTD supervised by Mauritius FSC can only conduct ordinary financial services and securities trading services.

AtfxglobalMarkets (Cy) Limited only serves EU countries and a few surrounding areas.The ATGLOBALMARKETS (UK) Limited regulated by the UK cannot be traded for retail.

In addition, ATFX is very likely to have great problems in management and review in domestic operations, which requires investors to choose more carefully and carefully screening.After all, every fund is not easy.

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