Offshore Retail FX broker NetoTrade gets warning from Swiss regulator FINMA

NetoTrade warning

Swiss financial regulator FINMA has issued a statement adding unlicensed offshore Retail FX broker NetoTrade to its public Warning List.

This follows a similar warning against NetoTrade made earlier this summer by Spanish regulator CNMV.

FINMA didn’t list any details or reasons for placing NetoTrade on its warning list. Typically, FINMA takes such action if it is informed that an unlicensed broker has been targeting Swiss based clients, or if the company is making it appear as if it has a presence in the country. NetoTrade shows both UK and Swiss telephone and fax numbers on its website.

The NetoTrade warning from FINMA can be seen here.

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