Shortly after warning against unauthorized Forex broker Grizzly Limited, the International Financial Services Commission of Belize (IFSC) has issued another warning against an unlicensed company, offering Forex services.
The IFSC warns that an entity calling itself “TradingBanks” claims to be a brand owned and operated by one of the companies licensed by the Belize financial regulator.
The regulator notes TradingBanks has no affiliation with any of Belize-licensed companies, nor is licensed by the International Financial Services Commission of Belize or any other competent authority in Belize to engage in any type of trading business. The representations made on its website, https://www.tradingbanks.com/ to that effect are false and fraudulent.
All persons concerned are urged to exercise extreme caution.
The announcement from the IFSC comes about a week after Italy’s regulator Consob added TradingBanks to its Warning List.
To view the official warning text from Belize’s IFSC, click here.