The two FX brokers are offering investment services without having the proper licenses, the regulator warns.
Read moreThe British Columbia Securities Commission (BCSC) has issued a warning against dealing with unauthorized Forex trading firm Eco Money Broker (EMB). The announcement from the watchdog, dated April 14, 2015, said the broker does not have the necessary licenses to offer investment services in British Columbia. In the face of that, EMB has advertised its…
Read moreFrance's financial regulator AMF has just revealed the results of a mystery shopping campaign that targeted Internet sites, offering Forex and binary options trading. The check showed that the mystery shoppers rarely had problems opening a live account and trading without an identification document, whereas withdrawal of funds was as confusing and hard as it…
Read moreThe Australian Securities and Investments Commission (ASIC) today showed once again that it is keeping tight control over the retail Forex industry in the country. The watchdog has issued a public warning, notifying investors that Forex broker Grandegoldens Pty Ltd does not have the necessary Australian Financial Services licence to operate in Australia. The company…
Read moreThe Financial Conduct Authority (FCA) has earlier today issued a warning regarding unauthorized Forex broker GMT Markets Limited. The company, which offers its services via www.gmtmarkets.com, gives two contact addresses in the UK: 1) Universal house, 88-94 Wentworth st. London, E17SA, UK; and 2) Hackwood Building, 14 Hackwood Street, Robertsbridge, East Sussex, TN32 5ER. At…
Read moreThe Cyprus Securities and Exchange Commission (CySEC) today issued a public warning against dealing with binary options broker TD Options Limited. The watchdog cautions investors that the company is not authorized to provide investment and related services in Cyprus, pursuant to Investment Services and Activities and Regulated Markets Law. That is because the broker was…
Read moreThe Canadian Securities Administrators (CSA), an organization which represents the securities regulators of 10 Canadian provinces and 3 territories, has published a “Black List” of unauthorized binary options brokers. The common feature of all companies that participate in the list is that they try to attract investors in Canada without having the proper licenses to…
Read moreFrance's Autorité des Marchés Financiers (AMF), the national securities market watchdog, earlier today updated its “Black List” of binary options brokers that offer their services in the country without having the necessary license for that. The list now features an impressive number of 189 companies, up from the 155 entries in the list as of December…
Read moreThe Financial Conduct Authority (FCA) has been rather active lately in cautioning the public about clone firms. The latter usually abuse a trademark, emulate a name of a firm, its services and websites, in order to fraudulently benefit from the established reputation of a regulated entity. Earlier today, the UK watchdog published a warning about…
Read moreForex Trend, the retail Forex brokerage registered in New Zealand, seems to be the focus of negative publicity lately, with Russia's Forex self-regulatory organization CRFIN adding its voice to the chorus of warnings against the company. Earlier today, the Centre for Regulation in OTC Financial Instruments and Technologies (CRFIN) added Forex Trend (https://fx-trend.com/home), a retail…
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