Forex Live FX Is Not Regulated by ASIC and Mauritius FSC

An unregulated entity behind Forex Live FX has been falsely claiming on its website to be authorised to offer its

FSCM_logoAccording to a press release issued by the Mauritius Financial Services Commission (FSC), the company behind Forex 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 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.

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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.

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