Tag: forex broker fraud

June 17, 2014 BY Mike Fox

Fraud Watch: CySEC warns on 5markets.com

Here 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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April 09, 2014 BY Gerald Segal

MFSA Warning: Two websites caught falsely claiming regulation in Malta

Two entities found operating under various names and which purport to be licensed by the MFSA The Malta Financial Services Authority (MFSA), showing they are acutely surveying the forex brokerage scene issued an investor warning alert last weekend. They found two websites imitating well known legit brokers, and who also were falsely claiming to be…

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December 04, 2013 BY Gerald Segal

LeapRate Forex Fraud Watch – Canada’s RCMP goes after InvestTechFX, Rony Spektor and Alan Zer

A massive FX brokerage imposter being investigated by Canadian authorities after operating for more than 5 years The Financial Crimes unit of the Royal Canadian Mounted Police (RCMP) has uncovered a massive scheme that allegedly extracted millions of dollars from investors. The website InvestTechFX has been uncovered to impose as an FX broker while all of the deposited…

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