Hong Kong’s SFC warns of IMS FX, TechoFx

[mlawson71]

Hong Kong’s Securities and Futures Commission (SFC) has issued a warning against the forex brokers IMS FX and TechoFX. Both are claiming to have addresses in Hong Kong, but the former’s claim is false, while the address of the latter belongs to a secretarial company. Worse still, they are making false regulation claims.

TechoFX, for example, claims to be regulated by FCA, however, according to FCA’s registry, this is no longer the case and the company has been deregistered.

 

[SalomonI]

Thanks for the information about how to invest in hong kong dollar, so these brokers that you mentioned were analyzing them for their supposed headquarters in that country. Very kind for the information.

 

[mlawson71]

If you're interested in warnings by the SFC then you should probably know it also issued warnings against FXBTG, Vortex Assets and LeagueTrade.