Spain's securities commission CNMV today updated its list of public warnings, adding Forex firm BelforFX. BelforFX claims it has several addresses: in Bulgaria, in the Seychelles and in Anguilla. The company is operating via www.belforfx.com, with the Spanish regulator mentioning one more website in the warning – www.isocialfx.com. The latter belongs to a social trading…
Read moreHong Kong's Securities and Futures Commission (SFC) has earlier today updated its Alert List, with the latest addition being Crown Star Investment Limited. The company, operating via www.csigrouphk.com, offers a variety of investment services and claims to be regulated by Hong Kong authorities. The SFC says that the company is not licensed and notes that…
Read moreJapan’s Financial Services Agency (FSA) has earlier today updated its Warning List of investment companies soliciting Japanese clients without having any necessary permission from the authorities. Amid the latest additions is Sumo Forex Limited, a retail Forex broker providing its services via www.sumoforex.com. The company claims to have an address in New Zealand. The FSA…
Read moreSeveral French institutions, including the financial markets regulator AMF, the General Directorate for Competition Policy, Consumer Affairs and Fraud Control (DGCCRF), the Authority for prudential control and resolution (ACPR) and the Paris prosecutor's office, have jointly addressed the public regarding the growing number of cases of Forex and binary options fraud. The regulators refer to…
Read moreThe International Financial Services Commission of Belize (IFSC) has earlier today issued a warning against ATS Markets, a Forex firm falsely claiming to be regulated by the watchdog. The website of the FX firm in question, https://ats-markets.com/, says that “ATS Markets is a trading name of ATS Markets Global Ltd, registered in Belize”. The regulator…
Read moreRussia’s Commission for the regulation of relations in the financial market (KROUFR) has just added one more suspicious entity to its “Black List”. The latest addition to the list of companies is EU Broker Age, operating via https://eubrokerage.com/ru/. KROUFR notes that the certificates published on the broker's website, including a certificate about KROUFR membership, are…
Read moreItaly's financial markets regulator Consob has just issued one more warning against an unauthorized investment services provider. The regulator today warned against Forex broker Trade12, offering its services via www.trade12.com. The company claims to be operated by Exo Capital Markets Ltd, a company incorporated in the Marshall Islands with Registration Number 68798. The processing services…
Read moreThe British Columbia Securities Commission (BCSC) keeps updating its Investment Caution List, which includes the names of unregistered brokerage firms unlawfully targeting British Columbia investors or misleadingly purporting to be associated with the Canadian province. The latest addition to the Investment Caution List is AlfaTrade, owned by Nemesis Capital Limited. AlfaTrade, which offers Forex services…
Read moreNew Zealand's Financial Markets Authority (FMA) issued has added one more Forex company to its list of unregistered businesses. The latest addition to the list is Suisse Limited, operating as ECN Markets. The company, purporting to be based in Anguilla, offers its services through www.ecnmarkets.com (website was unresponsive at the moment of writing of this…
Read moreRussia’s Commission for the regulation of relations in the financial market (KROUFR) today added Forex broker MXTrade to its “Black List”. Clients of the broker have complained that they are unable to withdraw their profits generated from trading. Instead, the company allows them to withdraw only the initially invested money. The company does not respond…
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