Russia’s Commission for the regulation of relations in the financial market (KROUFR) has updated its “Black List” of investment firms that customers should be wary of.
The latest addition to the “Black List” is Rinkost Markets, a Forex and binary options broker, targeting mainly Russian clientele via https://www.rinkost.ru.
KROUFR is including the company in the “Black List” because of complaints by the broker’s clients regarding impossibility to withdraw funds. Many of the clients’ accounts have been blocked and contact phones have become unresponsive.
KROUFR says the company was sold about a month ago and that its future looms uncertain.
After the latest addition, the “Black List” now has 13 entries in it.
To view the official announcement from KROUFR on the latest addition to its “Black List”, click here.