Belize financial regulator warns on ‘Profitable Forex EA’ fraud

Today the International Financial Services Commission of Belize (IFSC) whom regulates many Forex brokers and international financial firms, notified that an entity calling itself ‘Profitable FX EA’ is falsely and fraudulently representing that it is licensed by the International Financial Services Commission of Belize. You can see the fake license emanating from their website below.

The website also claims this EA is licensed by the Cyprus Securities and Exchange Commission, which is also fabricated. Remember when dealing with third party service providers, always perform real due diligence.

The Licence No. IFSC/77/179/BCA/88 carrying its name and purporting to be signed by Mr. Gian C. Gandhi, the former Director General of International Financial Services Commission of Belize is a complete forgery.

All persons concerned are warned to take note and exercise extreme caution.


Additionally forged CySEC license.

Additionally forged CySEC license.


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