The International Financial Services Commission of Belize (IFSC) on Friday published a warning against Forex and CFD broker Financial Strategy Holdings Ltd., operating as New Trade FX (NewTradeFX) via newtradefx.com.
The regulator wishes to inform investors that the business entity in question is not licensed by the International Financial Services Commission or any other competent authority in Belize to conduct any trading business.
All persons concerned are warned to exercise extreme caution. The watchdog asks any person who is contacted by a representative of Financial Strategy Holdings Ltd. to contact the IFSC by e-mail [email protected] and to provide detailed data of such representatives.
Earlier this year, the Financial Conduct Authority (FCA) warned against NewTradeFX. The UK watchdog noted that the broker is not authorized to offer investment services to UK residents.
To view the full text of the warning from Belize’s IFSC, click here.