The Australian Securities and Investments Commission (ASIC) warns about 4XFX, an Estonian broker, operated by RG Europe Ou.
ASIC says 4XFX is illegally targeting Australian citizens, without having proper authorization and is probably involved in scam.
According to ASIC 4XFX has made “unsolicited calls or sent emails about investing, financial advice, credit or loans and does not hold a current Australian Financial Services (AFS) license or an Australian Credit license from ASIC.”
4XFX is a forex broker, also offering CFDs on commodities, stocks, crypto coins, and indices, which is not licensed to provide financial services neither in Australia, nor on other regulated markets such as the European Union.
Have in mind that, brokers, with a legit license from a European regulator like the Cyprus Securities and Exchange Commission (CySEC) for example, can legally operate in any other European country.
4XFX, which operates through website www.4xfx.com, says to be incorporated in Estonia, and based at Harju Maakond, Tallinn, Kesklinna Linnaosa Roosikrantsi tn 2-K397, 10119.