The FCA has been busier than ever recently issuing unauthorized broker warnings from unscrupulous online trading providers targeting UK clientele. However, it is a good cue to avoid dealing with any firms warned against by the FCA even if not a UK citizen. The FCA released today that they believe AGF Markets, which looks like…
Read moreToday, the the Ontario Securities Commission (OSC), an independent Crown corporation that is responsible for regulating the capital markets in Ontario, Canada joined the UK's FCA is providing warnings to prospective and current traders regarding unscrupulous Forex dealers/brokers. As always, if you are a trader reading this - be cautious with which firm to do…
Read moreThe latest potential broker frauds capturing the UK FCA's attention is that of a company calling itself NetCFD/Centaure Capital Partners and also FXNTrade. The FCA believes these firms have been providing financial services or products in the UK without authorisation. Nowhere on the NetCFD and FXNTrade company websites does it mention anything about regulation, which should ring the…
Read moreUK's FCA issues a warning over the firm calling themselves Prime Financial Management Services Limited
Read moreThe Malta Financial Services Authority (MFSA) the single regulator for financial services activities in Malta, regulating and supervising credit and financial institutions, investment, trust and insurance business today issued a warning against an unregulated FX broker entity having an internet presence at https://forex-mmcis.com. The MFSA wishes to alert the public, in Malta and abroad, that…
Read moreCySEC issued a warning today to investors and traders concerning binary options firm Binary Floor. CySEC stated that is not regulated in Cyprus. On its website, BinaryFloor states that it is owned and operated by S.C. Binary Floor Online Ltd, Cyprus. The complete CySEC warning reads as follows, and can also be seen here. WARNING The…
Read moreThe FCA in an official press release, believes a firm calling itself LevelTrade has been providing financial services or products in the UK without authorisation. They state to be especially wary of dealing with this unauthorised firm and protect yourself from scammers. Any forex firms and individuals offering, promoting or selling financial services or products…
Read moreOfficial press release is below; any traders or partners should avoid business with unregulated entities and only do business with firms that are properly regulated in your jurisdiction...
Read moreHere 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’)…
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