Sigma Forex

Why is this scam

Sigma Forex
Sigma Forex’s real corporate name is SIGMAREX LIMITED with headquarter out of London, England.
Sigma Forex was at one time at registered as a business with companieshouse.gov.uk. Although a current search for the company at that website returned no results.
Some Sigma Forex data previously on the companieshouse.gov.uk website came from a third party.
According to that source, the information for the company had it listed with a London address and a companies house business number: 06481102. While the nature of the business was suspiciously registered as a:
SIC(92): 7499 – Non-trading company.
The officers of the company are British nationals living abroad in Norway and Sweden.
Besides that, the former Sigma Forex website cited a number of regulatory agencies that they claimed to comply with.
Of course, including the Financial Services Authority or FSA in the United Kingdom.
Nevertheless, checks with that agency have shown that the company does not appear to be registered with the FSA.
Nor with any other regulatory agency, for that matter.
Official website:  www.sigmaforex.com 

The signs of confirmation

The majority of online forum posters commenting on this brokerage are superiorly negative.
Many of their former clients were unable to recover any of their funds. And those that get their money back, wait for long periods of time after mediators intervention on their behalf.
The company often claimed that the client had broken their trading rules.
 
Sigma Forex 1
 
They also made the fragile excuse that trading funds were frozen due to a pending merger. But they then refused to give any further details about the transaction.
This does not seem to have yet materialized.

Let’s see the other signs.

Basically, the last-quoted statement on Sigma Forex’s archived website says it all.
Not only is the safety of your funds not guaranteed with this broker.
But “Nobody can guarantee profits” is probably the most accurate statement on their no-longer active website.
When the forex broker firm, cannot guarantee the safety of your funds, goes belly-up or closes down.
The possibility that they comply with every regulatory agency under the sun will not help you get your money back. Because they are not actually registered with a regulating authority.
No matter where they are based.

Recommendation

The company seemingly turned out to be just another fraudulent forex broker. One that disappears into the night. Taking their client’s money with them. Hence, leaving a long string of customer complaints in their wake.