Tag: unregulated Forex broker

February 20, 2014 BY Gerald Segal

Malta’s MFSA calls out ABFX for claiming it is regulated

Alarmingly the website of ABFX seems to be “under construction”. The Maltese regulator MFSA (Malta Financial Services Authority) has issued a press release outlining that an unregulated forex broker has been operating fraudulently claiming that it is licensed for providing investment services on the island. The entity has been operating under the names ABFX Ltd…

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January 20, 2014 BY Gerald Segal

CySEC issues a warning against Trident FX

Apparently the company’s website vanished since December, no sign of clients’ funds Cypriot regulator CySEC has issued a warning against FX Trident 365 LTD which is the company behind Trident FX, stating that the entity has never been regulated by the Commission. According to the press release they have never been authorized to provide investment…

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December 17, 2013 BY Gerald Segal

France’s regulator AMF warns investors about 23 unregulated Forex brokers

On the list: 4XP, BForex, GCI, InstaForex, Neto Trade, SunbirdFX... On Monday the French financial regulators The Autorité des Marchés Financiers (AMF) and the Autorité de Contrôle Prudentiel et de Résolution (ACPR) published an updated list of forex related websites that are not authorized to operate within French jurisdiction. The regulators have started compiling such…

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October 02, 2013 BY Gerald Segal

CySEC warns investors about Forex Place (4XP)

Is this payback for 4XP running "We're not in Cyprus" ads during the EU-Cyprus bailout crisis? Cyprus financial regulator CySEC has sent out a release warning investors against Forex Place Ltd (also known in the industry as 4XP), and their website www.4xp.com, stating that they are not and have never been licensed by CySEC. A…

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April 09, 2013 BY Gerald Segal

LeapRate FX Fraud Watch – Forex Global Solutions, Barry Sendach, and Joshua Kershner

CFTC orders those named to pay $750,000, and imposes permanent trading and registration bans. The CFTC has ordered Barry Sendach of Boca Raton, FL and Joshua Kershner of Boynton Beach, FL, and their Boca Raton-based company Forex Global Solutions to pay a $750,000 fine for fraudulently soliciting customers to trade FX, and for violating CFTC registration requirements.…

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