Unlicensed

No licence we can find in any jurisdiction, or a registration that does not authorise dealing in foreign exchange, or a licence held by a different legal entity than the one accepting deposits. That last case is the most common thing we find behind a Scam verdict: a real licence number belonging to a company you are not actually trading with. If a broker cannot show you a register entry that names the exact entity on your account, that is the whole review.