Global Broker Regulation & Inquiry App

Broker Search

English

简体中文繁體中文 English Pусский 日本語 ภาษาไทย Tiếng Việt Bahasa Indonesia Español हिन्दी Filippiiniläinen Français Deutsch Português Türkçe 한국어 العربية

Download

Home -

Brokers -

Saafan Markets -

No Regulation

Score

0123456789

/10

Saafan Markets

Item: Saafan Markets
Rating: 1.02

Saint Lucia|Within 1 year|

Suspicious Scope of Business|United States Common Financial Service License Unauthorized|Suspicious Overrun|High potential risk|

https://www.yostlm.com/en.html

Website

Open Account Time Machine

Rating Index

Contact

https://www.yostlm.com/en.html

Ground Floor, The Sotheby Building, Rodney Village, Gros-Islet, RodneyBay, Saint Lucia LC01401.

Licenses

NFA Unauthorized

United States Common fin.

VPS Standard

No restriction on the broker account. Support service provided by WikiFX

Single Core

40G

Open Now

Check whenever you want

Download App for complete information

Download on the

WikiFX (Global)

Download on the

外汇天眼（中国）

GET IT ON

WikiFX Google Play

Download Apk

WikiFX APK

Warning: Low score, please stay away! 4

Previous Detection : 2024-07-01

It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

United StatesNFA (license number: 0564022) The regulatory status is abnormal, the official regulatory status is Unauthorized. Please be aware of the risk!

This broker exceeds the business scope regulated by United States NFA(license number: 0564022)National Futures Association-UNFX Non-Forex License. Please be aware of the risk!

The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

Overview

Biz Area

WikiFX Survey

Website

MT4/5 Identification

Genealogy

Clones

Keywords

Account Information

Time Machine

Saafan Markets · WikiFX Survey

Users who viewed Saafan Markets also viewed..

XM

9.04

Score

10-15 yearsRegulated in AustraliaMarket Making(MM)MT4 Full License

Details

Official website

KCM Trade

7.74

Score

5-10 yearsStraight Through Processing(STP)MT4 Full License

Details

Official website

GTC

8.31

Score

10-15 yearsRegulated in United KingdomStraight Through Processing(STP)MT4 Full License

Details

Official website

FXCM

9.45

Score

Above 20 yearsRegulated in AustraliaMarket Making(MM)MT4 Full License

Details

Official website

Exposure

3 pieces of exposure in total

Pyramid scheme complaint

Expose

Unable to Withdraw

Cannot withdraw money

The foreign exchange dealer Yang Zongxing used the line group to attract investors. The platform had caused investors to suffer serious losses instantly. Later, the deposit and withdrawal website was closed without warning, no new website was provided, and no response was given to investors. The line group had also kicked out investors. There is no way to withdraw the balance on the account.

chc5254

2024-06-28 18:30

Unable to Withdraw

I need to pay income tax of 30% of the withdrawal amount

There was this chat group created by Max and teaching assistant Chen Xhan. Later, they invited Mr. Yang to join the cooperation and persuade everyone to participate in the compound interest plan. One day I told my teaching assistant Chen ZhiX that I wanted to withdraw money, and she said she would contact Mr. Yang to pay the share, but after the share was paid, the backend webpage could not be opened. Mr. Yang said that the account was checked for tax evasion, but in the end he said that I had to pay 30% income tax on the withdrawal amount before I could restore the backend login of the webpage. I felt like I was scammed.

ababab123

2024-06-29 18:16

Resolved

Taiwan Securities and Futures Bureau said that this should be a financial fraud.

The international forex broker (yostlm Saafan Marktes) claimed that it had recently held a so-called gold price difference compound interest investment (CFD) with a Taiwanese investment consulting company (Huanyu). The platform was registered in Saint Lucia on May 15, 2024, and it is not an NFA member for less than a year. As for the domestic investment consulting company (Huanyu), I learned through a phone call that the company does not have a so-called line group and compound interest investment plan, and is not a domestic legal futures trader. However, the international forex broker (yostlm) stated that the implementation of the plan requires face-to-face cash payment with the exchanger to obtain USDT virtual US dollars in order to trade foreign exchange on Meta Trader5. The minimum deposit amount is NT$100,000, and nearly half of the profit is required to be given to the forex broker. The platform did not set a negative balance protection, so the position was liquidated (more than US$5,000 and a margin of US$3,200). Now the forex broker (Yang Zongxing) requires the negative balance to be filled, otherwise it will sue in the name of the company (yostlm Saafan Marktes)... At the same time, I sent a letter to the Securities and Futures Bureau for verification. The domestic investment consulting company (Huanyu) has issued a statement on May 2, 2013 to clarify that the company will not conduct any advertising activities through social media, websites, television, radio, etc., to recruit members, recommend domestic and foreign stocks, and foreign exchange, and to operate on behalf of others. Therefore, it is determined that this foreign exchange platform is a platform with a very high risk of fraud.