Reported as a scam / unregulated
Why Online Forex Binary Financial Market is on the register
Online Forex Binary Financial Market claims to be registered with the Securities and Exchange Commission (SEC), whilst presenting zero details about its company information and regulatory license. Lacking for such vital information is already a huge red flag for potential traders. Besides, there are three organizations named SEC from different countries (the US, the Philippines and Nigeria), however, this broker doesn’t clarify which SEC it is. Such ambiguous statement is also considered to be dubious. What’s more, none of the three institutions named SEC regulates forex trading and approves licenses for forex brokers. So Online Forex Binary Financial Market is currently not regulated by any financial regulator. That means investors’ funds in this broker is unsafe and cannot be protected by any laws. Therefore, it is a scam broker.
If you have money with this broker
- Stop sending funds. Do not pay any further “fees”, “taxes” or “verification” charges to release a withdrawal — this is a common secondary scam.
- Preserve evidence. Save transaction IDs, wallet addresses, chat logs, and every screenshot before the account is closed.
- Report it. Notify your bank/exchange and your national financial regulator so the activity is on record.
- Get guidance. Tell us what happened and we will point you toward the right next step. We are a free public registry — we never charge any fees.
SentFunds is an information and referral service. Listing reflects reported concerns and public findings; it is not a legal determination.