France AMF warns retail traders to avoid FX trading education site

The French regulator AMF (Autorité des marchés financiers) warned against the activities of the company International Markets Live LTD (IMarketsLive), which offers investors, more specifically targeting very young people, including high school students, subscriptions to various training courses and software solutions designed to help investors to trade on the foreign exchange (Forex) market.

The company International Markets Live LTD (IMarketsLive) offers French investors, particularly targeting young people, the opportunity to subscribe for training and educational software tools presented as an aid for investing in the foreign exchange (Forex) market. At the same time, the company offers subscribers compensation that automatically increases with the number of subscribers recruited.

Following a number of reports from savers, including parents of teenagers, the AMF would like to make clear that the company International Markets Live LTD (IMarketsLive) has no authorisation in France to operate an activity regulated by the AMF on French territory.

The AMF recommends that investors do not take up these solicitations from the company International Markets Live LTD (IMarketsLive) and do not communicate them to third parties, in any form whatsoever.

The AMF reminds investors and individuals responsible for marketing investment products to follow these safety guidelines before making any investment:

  • no advertising materials should make you overlook the fact that high returns always involve high risk;
  • learn as much as you can about the company or intermediary trying to sell you a product (authorisation/certification, company history, location of head offices, etc.);
  • only invest in a product you understand;
  • ask yourself how, and by whom, the purchase price or selling price of the advertised product is set, and find out the precise terms and timeline for selling the product, especially in cases where the product invests in an asset class with low liquidity.

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