Is Eclipse Macro a scam?

I got involved in trading forex using Eclipse Macro Ltd as the broker. They use the Meta Trade 5 (MT5) platform for trading. They keep asking me to increase my funds so I can participate in some kind of Special Program that would allow me to be able to trade more often with them using their secured signals that, once you follow them, it’s a warrantied profit. They presented to me a certificate from the NFA (National Futures Association) with an ID number written on it. I called the NFA to check, and they said that the number given is correct, but they are not registered with the NFA. Eclipse Macro filed for an exemption with the NFA, and that is why they are not registered with them. I called FINRA (Financial Industry Regulatory Authority) to check on Eclipse Macro, and they said they have no records of Eclipse Macro. I also checked with the Securities and Exchange Commision (SEC) about Eclipse Macro. The SEC does not have any records of Eclipse Macro either. Does anyone have any information on this firm?

Hi there,

thank you for your message. First of all, please don’t send any more money to them until the situation is clarified. Is this the provider you’re referring to: https://eclipsemacro.com/? If yes, then it’s a scam, unfortunately.

It’s a common practice that scam brokers to use legit/regulated brokers’ names in order to seem like a legit player. In this case, I can imagine that this scam broker selected a previously-regulated broker’s name. If a broker doesn’t have NFA license (if futures or FX broker in the US) or SEC/FINRA license (if stockbroker in the US), then the broker can’t operate at all.

Best regards,
Adam