Beware 31FX is a Non-Regulated broker. It is NOT SAFE to trade.
- Company name: JRV Market Ltd.
- Registration/license: British Virgin Islands
- Registration/license requirement: USD 2,000
31FX is a Forex and CFD. The company is owned and operated by JRV Market Ltd. with registered address in the British Virgin Islands and does not have a license to operate as a forex and CFD broker. In its terms and conditions the firm states to be a registered financial services company in the United Kingdom, although we didn’t find any records of the company in the Register of the UK’s regulator FCA (Financial Conduct Authority). Despite this fact, 31FX provides British registration address and contact phone number.
It is creal that 31FX is not regulated by any of the reputable authorities and is probably function from the offshore zone. Offshore-based unregulated brokers are not obliged to follow any rules and most often than not are involved in scam.
We highly recommend to trade with the brokers holding a license from respected financial institutions such as the Financial Conduct Authority (FCA) in the UK, CySEC in Cyprus and the Australian Securities and Investment Commission (ASIC) as they are obliged to follow strict financial and ethical rules. Here you can check our list of brokers, licensed by the FCA.
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