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Re: Brokers regulation ...

#71
There was a long time ago when I was wondering why the people opens accounts with not regulated brokers with shining and attracting advertising with may free gifts and on later stage the same people started crying, because either they have been mislead and cannot withdrawal their funds or they have been "rubbery" by brokers. In fact the reason is simple - just those people did not have any or very small knowledge's. Knowledge's about how the regulating authorities could protect their interest and there is nothing as a free gift - except smiles :)


Re: Brokers regulation ...

#73
The Ontario Securities Commission (OSC) has published a warning against the forex and CFD broker Aidan Trading.
According to the regulator, Panama-based Aidan Trading Corp. also operating as Aidan Trading is not registered in Ontario, Canada to engage in the business of trading in securities.
The broker has already appeared in a warning from another Canadian regional regulator – the British Columbia Securities Commission earlier this year.

Re: Brokers regulation ...

#74
UK’s financial markets and services provider, the Financial Conduct Authority (FCA) has published a warning against forex broker GreenFields Capital. The broker is doing business in the UK and targeting local citizens without having the required authorization, the FCA said.

The broker is owned and operated by Premium Peak Ltd T. The website provides two addresses: one in London, UK, and another in Prague, the Czech Republic, but mentions nothing about license, nor regulation.

Re: Brokers regulation ...

#75

The UK Financial Conduct Authority (FCA) has warned on Tuesday that Plus 500 Pro is a clone of the renown forex brokerage Plus500
, which holds a license from FCA, among others. According to FCA, Plus 500 Pro is not authorized to carry out regulated financial services in the UK.

While the fraudulent broker does not explicitly state that it is regulated by FCA, there are claims that its clients would be covered by UK’s Financial Services Compensation Sceme (FSCS). The scheme, of course, is only applicable to clients of entities which are indeed licensed by the Financial Conduct Authority.


Re: Brokers regulation ...

#77
The Financial Conduct Authority (FCA) has added several unregulated binary options brokers to its warning list.
According to the UK’s financial watchdog, Rbinary, BigOption and VIP Brokers have been providing financial services or products in the UK without its authorisation.


Rbinary does not mention the company that owns it, but claims it's registered on the Marshall Islands. It doesn't fail to mention, however, the large financial returns their services provide.

VIP Brokers is in the same boat - claims it's registered on the Marshall Islands, has several account types with promised returns from 81% to 92% (!!!!).

Nothing is known about BigOption.

Re: Brokers regulation ...

#78
mlawson71 wrote:
Sat May 26, 2018 12:03 am
The Financial Conduct Authority (FCA) has added several unregulated binary options brokers to its warning list.
According to the UK’s financial watchdog, Rbinary, BigOption and VIP Brokers have been providing financial services or products in the UK without its authorisation.


Rbinary does not mention the company that owns it, but claims it's registered on the Marshall Islands. It doesn't fail to mention, however, the large financial returns their services provide.

VIP Brokers is in the same boat - claims it's registered on the Marshall Islands, has several account types with promised returns from 81% to 92% (!!!!).

Nothing is known about BigOption.
Perhaps BigOptions are the same scam :)

Re: Brokers regulation ...

#79

The UK Financial Conduct Authority (FCA) issued a warning against BrokerXP, ForexGrand and Golden Markets.
These are the last forex brokers added to FCA’s list of companies who have been providing financial services in the UK without its authorization.

The first two are supposedly registered in the Marshall Islands an against ForexGrand at least there are client complaints that it is a scam, Golden Markets is supposedly registered in Estonia.


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