Tag: Forex Scam

June 17, 2014 BY Mike Fox

Fraud Watch: CySEC warns on 5markets.com

Here is a warning to the public to stay away from 5markets.com. CySEC has issued a warning which may indicate they have falsely claimed some sort of regulation, which they do not have and/or are operating without any license. You can read the official press release below. The Cyprus Securities and Exchange Commission (‘the Commission’)…

Read more
June 10, 2014 BY Mike Fox

Russia's CRFIN blacklists Forex-Deposit and Costa Rica's Rockwell Partners

CRFIN Press Release Translated from Russian to English Forex Deposit (www.forex-deposit.com) and Rockwell Partnerts SA (www.rockwell-partners.com) have been included in the blacklist of TSRFIN, Russian FX self regulatory organization. Both websites promise customers implausible and / or a guaranteed rates of return, the websites also offer substantial bonuses to attract customers who do not have sufficient transparency in terms…

Read more
May 21, 2014 BY Mike Fox

New FX business entered into Russia's TSRFIN 'black list'

The following press release is translated to English from Russian courtesy of Google Translate, with some editing to make it more clear. The news alert is concerning a new FX related business violating rules of Russian self regulatory watchdog TSRFIN and which in turn means it has been black listed as high warning to investors…

Read more