Tag: unauthorized Forex broker

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

Russia's CRFIN blacklists Forex investment project Trade Union

Russia's Centre for Regulation in OTC Financial Instruments and Technologies (CRFIN), the country's Forex self-regulatory organization has just enlarged its “Black List” of fraudulent companies. The latest addition is Trade Union, a business entity offering Forex investment services via https://trade-union.org/index.php. CRFIN has included the company in its “Black List” because: The company promises artificially high…

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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 10, 2015 BY Maria Nikolova

Italy's Consob warns of unauthorized brokers Fie World Finance, Bloombex

Italy's securities market regulator Consob on Monday issued warnings against Forex broker Fie World Finance Ltd and binary options broker Bloombex. The regulator is concerned that both companies try to lure Italian residents as their clients without having the adequate permission from the authorities. Consob notes that Fie World Finance Ltd is not authorised to…

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