AMF has flagged orangefx247.com as a suspicious company. It’s important to pay attention and to take any regulator warning seriously. We recommend not opening an account with orangefx247.com and if you are considering using their services, you should cross them off your list.
We consult broker warnings regularly and investigate all brokers that have been the subject of regulator warnings. ReportScamOnline, we help you stay safe from financial frauds and give you the information you need to make sound financial decisions.
What Is the AMF?
AMF or the Autorite Des Marches Financiers is the leading financial regulator of France. It ensures compliance with rules and regulations and regularly audits financial companies including brokers. The AMF issues warnings about unlicensed brokers and those that have shown significant problems. This regulator should be trusted when it warns the public about orangefx247.com.
What Are Problems with orangefx247.com?
At least one or more of the following issues have been identified:
Many brokers flagged by brokers have some issues with their licenses. orangefx247.com may or may not have a license, and there are questions about whether it has the authority to offer trading services.
Many brokers that are flagged have made misleading statements. These can range from exaggerations to outright misstatements These could be regarding the rate of returns clients receive or rates and fees they pay.
Lack of Transparency
There seems to be missing information about orangefx247.com. They may not have provided the identities of the people who run it, invalid contact information, or locations. They may also not mention correct fees or charges on their website.
Often customers will start to complain about a broker when they realize they don’t have full access to their accounts. orangefx247.com customers may have complained about not being able to make transitions, including withdrawals.
AMF will alert the public if a broker has been the subject of many customer complaints. Before adding a broker to a list of suspected scams, the AMF will investigate it to see if customer complaints have a basis.
Have You Lost Money to orangefx247.com? Talk to Us!
ReportScamOnline experts understand brokers–reliable ones and scam operations. We have researched brokers and have created these reviews to help consumers make the right choice for trading. We recommend that you avoid the scam brokers mentioned here and instead find a reliable and licensed broker. If you have lost money to this broker, contact us and we will launch an investigation that will bolster your claim.