Forex Live FX Is Not Regulated by ASIC and Mauritius FSC

According to a press release issued by the Mauritius Financial Services Commission (FSC), the company behind Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term Live FX is not authorized by the Commission. The regulator proceeds to warn the public that the company has never been licensed by the FSC.

After some research our reporters have identified that Forex Live FX claims to be authorized by ASIC ASIC The Australian Securities and Investments Commission (ASIC) is the prime regulator in Australia for corporate, markets, financial services, and consumer credit. It is empowered under the financial service laws to facilitate, regulate, and enforce Australian financial laws. The Australian Commission was set up and is administered under the Australian Securities and Investment Commission Act of 2001. ASIC was initially the Australian Securities Commission based on the 1989 ASC Act. Initially, the The Australian Securities and Investments Commission (ASIC) is the prime regulator in Australia for corporate, markets, financial services, and consumer credit. It is empowered under the financial service laws to facilitate, regulate, and enforce Australian financial laws. The Australian Commission was set up and is administered under the Australian Securities and Investment Commission Act of 2001. ASIC was initially the Australian Securities Commission based on the 1989 ASC Act. Initially, the Read this Term as well, however after checking their purported license number there were no corresponding records of the company ever being authorized by the Australian regulator to offer financial services.

The website of the company fxlivefx.com appears to be soliciting prospective clients to open a trading account with the firm, however it doesn't display proper trading conditions, nor real time quotes except for a panel link to Investing.com. The information on the website could appear as misleading the public into believing that the firm is an authorized broker, however Forex Magnates found no evidence to support that claim.