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Re: Brokers regulation ...

#61
UK’s Financial Conduct Authority (FCA) has issued a warning that the forex broker XMarkets is not licensed to offer its services in the UK.
“This firm is not authorised by us and is targeting people in the UK. Based upon information we hold, we believe it is carrying on regulated activities which require authorization,” the FCA said, advising investors to only deal with authorized companies.
XMarkets claims it is a “forex and fixed return options provider” operated by Capital Force Ltd., registered in the Republic of Samoa. The island nation is not known as an offshore zone, but the local financial sector is fairly unregulated, which makes Samoa an attractive location for some financial services providers.


Re: Brokers regulation ...

#62
UK’s financial markets and services provider regulator FCA, has issued a warning against the forex broker Prime CFDs

According to the notice, the broker is providing services in the UK without the proper authorization. What is more, it seems Prime CFDs is a scam indeed. According to customer complaints, clients cannot withdraw their funds (which is often the case with scam brokers) and that they are constantly pressured by the company to deposit more funds.

Re: Brokers regulation ...

#63
Italy’s financial markets and service providers regulator CONSOB announced it has issued cease orders against several forex and binary options brokers that are operating in violation of Italian law.
According to the publication, the brokers Iforex24 (owned by Iforex24 Ltd), Toroption (Smart Choice Zone Lp and Titanium Tech Solutions Limited), XLRTrade (Nostro Technology Ltd) and Tradex1 (Black Parrot Limited - Blonde Bear Ou) must cease their operation in Italy and attracting Italian clients

Re: Brokers regulation ...

#64
Switzerland’s financial markets and services regulator FINMA has issued a warning against the forex broker ProfitTrade24.
The broker claims it is “authorized and regulated by the Financial Regulation Authority (FCA). FCA is the leading independent non-governmental organization with legal powers under the UK Financial Services and Markets Act 2000.” First off, “FCA” stands for “Financial Conduct Authority” and secondly, our check revealed that ProfitTrade24 is most definitely not in FCA’s Financial Services Register.


Re: Brokers regulation ...

#66
Belize’s financial services regulator, the International Financial Services Commission (IFSC) has warned that the forex broker FX Broker Pro is not licensed, nor regulated by it.

According to the commission, FX Broker Pro is showing a fraudulent IFSC license number, and may operate in breach of the IFSC act and other laws of Belize. The commission further warns that those who invest with FX Broker Pro and other unregulated brokers, do so at their own risk.

Re: Brokers regulation ...

#67
mlawson71 wrote:
Wed Mar 21, 2018 2:38 am
Belize’s financial services regulator, the International Financial Services Commission (IFSC) has warned that the forex broker FX Broker Pro is not licensed, nor regulated by it.

According to the commission, FX Broker Pro is showing a fraudulent IFSC license number, and may operate in breach of the IFSC act and other laws of Belize. The commission further warns that those who invest with FX Broker Pro and other unregulated brokers, do so at their own risk.
Good info bro thanks for the post.
https://www.myfxbook.com/members/Jimmyf ... 41P9zcvqqw

Re: Brokers regulation ...

#69

UK’s Financial Conduct Authority (FCA) has warned that the company Tradeplus Solutions is offering financial services to UK clients without the necessary authorization and that it may be a scam.


According to the FCA the company has an address in Bucharest, Romania and in UK. The company itself claims it is owned by Redfield Markets ltd, with the same UK address as that of Tradeplus Solutions. Usually such changes of company and brand names are an almost certain sign that this is a scam, trying to rip off unsuspecting clients. And last but not least there are client complaints claiming the company is refusing withdrawals.


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