As fine as this may sound, the day you attempt to withdraw some of your funds, it will suddenly turn out you are not eligible to do so. If you ever make the mistake to register with a unregulated, scam website like Airpass, leaving your e-mail and phone, pretty soon you will start getting daily calls from someone, who will be presented as your personal, dedicated account manager, who basically will be trying to convince you deposit more money.Īnd you will definitely be assured that everything is completely risk free and that you will start making piles of cash as soon as you deposit let say 10 000 USD. You can hardly make money with a unregulated, scam broker like Airpass, so we would rather suggest that you check our list of brokers, regulated in the European Union instead. Unfortunately we were not able to find Airpass in the SFC registers either, so it is quite obvious that we are dealing with scammers. For example all brokers, regulated in Hong Kong should maintain at least 5 million HKD, or around 650 USD in paid- up share and liquidity capital.Īnd there is the SFC Code of Conduct, which requires brokers to include a clause in their Client Agreement, which allows traders to claim damages, if their broker is selling or recommending financial products that are not suitable for them. soil.Īnd because Airpass has even published a screenshot with their purported registration with FinCEN, we decided to check the registers of the institution and found no trace of the broker Check it out.Īnd besides, if the broker is based in Hong Kong it should be regulated there as well by the local Securities and Futures Commission (SFC), which also has serious requirements. should maintain a minimum operational capital of no less than 20 000 000 USD, which kind of explains why just a few brokers are really licensed and authorized to operate on U.S. Needless to say but Airpass is neither licensed by CFTC, nor is a NFA member – a membership, which comes with quite a price tag – all brokers in the U.S. A FinCEN registration is not central for the license status of a broker. For a broker to be properly licensed and authorized in the U.S., it should be a member of the National Futures Association (NFA) and should be certified by the Commodity Futures Trading Commission (CFTC) as a futures commission merchant (FCM) and a foreign exchange dealer. This is peculiar for lots of reasons as well. It is true that they claim to be based in Hong Kong and display a UK post box address as well, but they fail to mention where their company is truly based.- and there is no corporate background whatsoever, just a strange name – Airpass Hedg Gapital Limited – there is no mistake it is “Gapital” not “Capital”.Īnd they also claim to be regulated as a Money service business by FinCEN – the Financial Crime Enforcement Bureau under the US Department of the Treasury. So here we would also suggest that you check our list of brokers, properly regulated in the UK.Īs a mater of fact the Airpass website is virtually anonymous. They falsely claim to be regulated in the U.S., while in fact they have no legit forex license whatsoever. Airpass is an anonymous website obviously involved in scam. This may sound fantastic, but unfortunately is not true. And they also say to be regulated in the U.S. Diversify! We recommend you to open trading accounts with at least two brokers.Īirpass is presented as a true ECN, Hong Kong broker, offering leverage of up to 1:100 with a selection of crypto currency pairs and the classic MetaTrader4 platform.
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