The FinancialThe Financial Commission, a leading external dispute resolution (EDR) forum catering to the financial services industry warns the public regarding clone websites (https://www.regfins.com/ and https://thefinancialcommission.io/) that mimic The Financial Commission’s official website in an attempt to legitimize non-member brokers.
These clone websites copied the official Financial Commission’s trademark and other information to falsely claim that certain entities are our official members. The clone websites listed fake membership profiles for such entities as BalansFX, Globalelius, CDFsea, Psytrend, Meta White Whale, Tether Stock, United Traders, Fiboda, ABTrade, FBrokerPro, Alba Brokers, GPro Market, GVFX, LCMarkets, Lotas Capital and others.
Meanwhile, BalansFX, GANN Markets, LordFX, and Lotas Capital have been put by the Financial Commission on its Warning List for some time now due to various violations of the forum’s Rules and Guidelines.
The Financial Commission reminds traders that the only genuine list of its members is located on its official website in the Members section.
The Financial Commission immediately notified all relevant parties that the perpetrators were illegitimate websites that were not associated with The Financial Commission in any way and falsely indicated that the aforementioned entities were its members.
Moreover, if necessary, The Financial Commission is ready to take all necessary actions, including reporting to law enforcement authorities and initiation of legal proceedings against “catfish”, to protect against and prevent all fraudulent activities against itself and its clients in the future.
The Financial Commission reminds traders and the public that they can submit information regarding possible clones or fraudulent websites of brokers and purported dispute resolution services to [email protected] for further investigation by The Financial Commission to root out scams and protect the trading community.
About The Financial Commission
The Financial Commission is an independent external dispute resolution (EDR) organization for consumers/traders who are unable to resolve disputes directly with their financial services providers who are members of the Financial Commission. The Financial Commission initially set out to provide a new approach for traders and brokers alike to resolve any issues that arise in the course of trading electronic markets such as Foreign Exchange, and then expanded into CFDs and related derivatives, in addition to certifying technology platforms used for trading.
For more information please contact us at [email protected].