Tag: no license

April 15, 2015 BY Maria Nikolova

BCSC warns of unauthorized Forex firm Eco Money Broker

The British Columbia Securities Commission (BCSC) has issued a warning against dealing with unauthorized Forex trading firm Eco Money Broker (EMB). The announcement from the watchdog, dated April 14, 2015, said the broker does not have the necessary licenses to offer investment services in British Columbia. In the face of that, EMB has advertised its…

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March 27, 2015 BY Maria Nikolova

ASIC issues caution regarding unauthorized Forex broker Grandegoldens

The Australian Securities and Investments Commission (ASIC) today showed once again that it is keeping tight control over the retail Forex industry in the country. The watchdog has issued a public warning, notifying investors that Forex broker Grandegoldens Pty Ltd does not have the necessary Australian Financial Services licence to operate in Australia. The company…

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March 25, 2015 BY Maria Nikolova

FCA issues warning regarding unauthorized FX broker GMT Markets

The Financial Conduct Authority (FCA) has earlier today issued a warning regarding unauthorized Forex broker GMT Markets Limited. The company, which offers its services via www.gmtmarkets.com, gives two contact addresses in the UK: 1) Universal house, 88-94 Wentworth st. London, E17SA, UK; and 2) Hackwood Building, 14 Hackwood Street, Robertsbridge, East Sussex, TN32 5ER. At…

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March 12, 2015 BY Maria Nikolova

Cypriot regulator warns of unauthorized broker TD Options

The Cyprus Securities and Exchange Commission (CySEC) today issued a public warning against dealing with binary options broker TD Options Limited. The watchdog cautions investors that the company is not authorized to provide investment and related services in Cyprus, pursuant to Investment Services and Activities and Regulated Markets Law. That is because the broker was…

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March 10, 2015 BY Maria Nikolova

Canada blacklists 37 binary options brokers

The Canadian Securities Administrators (CSA), an organization which represents the securities regulators of 10 Canadian provinces and 3 territories, has published a “Black List” of unauthorized binary options brokers. The common feature of all companies that participate in the list is that they try to attract investors in Canada without having the proper licenses to…

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March 04, 2015 BY Maria Nikolova

France's AMF blacklists 189 binary options brokers

France's Autorité des Marchés Financiers (AMF), the national securities market watchdog, earlier today updated its “Black List” of binary options brokers that offer their services in the country without having the necessary license for that. The list now features an impressive number of 189 companies, up from the 155 entries in the list as of December…

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February 24, 2015 BY Maria Nikolova

Financial Conduct Authority warns about Ikon Finance clone

The Financial Conduct Authority (FCA) has been rather active lately in cautioning the public about clone firms. The latter usually abuse a trademark, emulate a name of a firm, its services and websites, in order to fraudulently benefit from the established reputation of a regulated entity. Earlier today, the UK watchdog published a warning about…

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February 16, 2015 BY Maria Nikolova

Following warning from Alpari, Russia's CRFIN blacklists Forex Trend

Forex Trend, the retail Forex brokerage registered in New Zealand, seems to be the focus of negative publicity lately, with Russia's Forex self-regulatory organization CRFIN adding its voice to the chorus of warnings against the company. Earlier today, the Centre for Regulation in OTC Financial Instruments and Technologies (CRFIN) added Forex Trend (https://fx-trend.com/home), a retail…

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