France’s AMF, the regulator responsible for the oversight of the country’s financial markets, earlier today updated its “Black List” of Forex companies that target French investors in the face of a lack of necessary licenses to do so.
Those of our readers who are acquainted with the work methods of AMF are probably familiar with the huge size of such lists of unauthorized companies. For that matter one would be surprised to find out that the latest “Black List” of Forex brokers features only 74 entities, that is, only 4 names more than the previous version published in early May this year.
Below you can see the names of the new entries:
- www.fxcapitalbank.com / Capital Market Limited;
- www.fxcmanagement.com / Fxcmanagement;
- www.globuscapitallimited.com / Globus Capital Associates Limited;
- www.ia-patrimoine.com / IAP Ltd.
The slower growth of the list indicates that the numerous warning campaigns the French financial regulator has initiated to inform the public of the high risks associated with Forex trading are finally bearing fruit. The watchdog has also organized a mystery shopping campaign that checked the work of numerous Forex websites, showing a raft of dangers for investors and several law violations.
To view the latest version of AMF’s “Black List” of unauthorized Forex brokers, click here.