TNFL FX Review – Is Investing in tnflmarket.com Safe?
TNFL FX is a United Kingdom-based forex and CFD trading platform that provides exposure to multiple tradable assets and up to a 1:400 leverage. A closer inspection of the broker, however, gives rise to some serious questions regarding its authenticity and operational standards. This review of TNFL FX reveals the reality behind the platform and the reasons why traders should avoid it.
About TNFL FX
Company Name – TNFL FX
Website – https://www.tnflfx.com/; https://tnflmarket.com/
Address – NA
Regulatory Warning – Financial Conduct Authority (United Kingdom)
Domain Blacklisted Status – It seems there is no direct mention of this domain being on a blacklist.
Unregulated and Unsafe
The most crucial problem with TNFL FX is that there’s a lack of proper regulation. Though it claims to have registered with the National Futures Association (NFA), there is not much evidence to show that all is well in that regard. The Financial Conduct Authority (FCA) in the UK made a public warning on 24 November 2023 that TNFL FX is operating financial services within the UK without appropriate authorization.
Furthermore, the broker claims that the Financial Crimes Enforcement Network (FinCEN) regulates them. However, through investigation, no such regulation exists. It should also be added that FinCEN does not regulate forex brokers.
Red Flags and Fraud Indicators
- WikiFX has been given a score of 1.39, far below the expected minimum, which indicates extremely high risk.
- The broker goes by several domain names: tnflfx.com and tnflglobal.com.
- The website tnflmarket.com is down, which, again, does not help project professionalism.
- The only customer assistance available is via email; live chat and phone support are not available.
- Trading conditions, spreads, and fees remain imprecise or even unknown.
- The limitations on withdrawal and deposit methods are, as common, poorly described.
Conclusion
This TNFL FX review points out several warning signs that the broker is a scam. Without regulation, false representations, and ongoing warnings from the FCA, TNFL FX is not a trader’s safe bet. Investors are strongly urged to steer clear of this broker since their funds are in jeopardy and not under any legal protection.
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About Scams Report
Scams Report is a trusted fraud reporting and fund recovery assistance company dedicated to helping victims of financial scams. It provides expert guidance, chargeback support, and legal assistance to recover lost funds. Additionally, its blog educates users by exposing fraudulent brokers and investment scams, ensuring safer financial decisions for traders worldwide.
All newly invented fraudulent schemes to fool new traders are constantly monitored by us on the Internet. For over a decade, we have been collecting scam-related data, so we do believe in knowing every UNFAIR company operating in the market. Therefore, we have gathered the information regarding the scammers from the List of SCAM Brokers for you.
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Disclaimer: This review is based on online reports and customer complaints. Always research carefully before investing with any broker.
