The German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht – BaFin) has ordered XtraderFX to cease offering cross-border investment advice and proprietary trading to German investors. According to the official warning, the company has been calling German customers from German and British phone numbers and has been offering them CFDs on cryptocurrencies, currencies, commodities, indices and...

The Austrian Financial Market Authority (FMA) warns the public against the activities of HybridReserve a company that offers investments without complying with Austrian financial legislation. According to the official statement, HybridReserve (SingleBell Ltd.) is not entitled to carry out banking transactions in Austria that require a licence. The Austrian Financial Market Authority (FMA) is an...

The Austrian regulator FMA (Financial Market Authority) has issued a warning against Forex and CFD broker Profit Trade. The brokerage firm was offering financial products and services to Austrian residents without being authorized in the country. The Austrian Financial Market Authority (FMA) is an independent, autonomous and integrated authority for the Austrian financial market. The...

Spain’s financial markets regulator, CNMV, has warned of Forex broker FXNobels. According to the official notice on CNMV’s website, this entity is not registered in the corresponding registry of the commission and, therefore, are not authorized to provide investment services. The National Securities Market Commission (often abbreviated as CNMV) is the Spanish government agency responsible...

The Financial Services and Markets Authority (FSMA) warns the public against the activities of PBN Capital a company that offers investments without complying with Belgian financial legislation. According to the official statement, PBN Capital (Capital Tech Ltd / Pbox Ltd) is not allowed to provide banking and/or investment services in or from Belgium. The Financial...

Among the latest issued warnings of the UK’s Financial Conduct Authority (FCA) is the one against an unregulated financial services provider – company Brokerz that appears to target UK residents. The Financial Conduct Authority (FCA) is a financial regulatory body in the United Kingdom, but operates independently of the UK Government, and is financed by...

The Central Bank of Ireland (CBI), which also serves as a financial services supervisor, issued a warning against Capital Hall. According to CBI’s official notice, this forex and CFD broker has been offering financial services and/or investment advice to the Irish investors without being authorised. The Central Bank of Ireland (Irish: Banc Ceannais na hÉireann)...

Spain’s financial markets and services regulator CNMV issued a warning against CFXPoint. According to the public warning notice, CFXPoint, operated by KLDC Technological Systems Ltd., is not authorized to provide investment services or investment advice and auxiliary services, including foreign currency transactions in Spain. The National Securities Market Commission (often abbreviated as CNMV) is the...

Italy’s financial markets and services provider regulator CONSOB (Commissione Nazionale per le Società e la Borsa) has updated its list of forex brokers who are not licensed to operate in Italy with one new addition – ProTradeFX. This broker has been offering investment services and activities to the Italian public without being authorized in the...

The Cyprus Securities and Exchange Commission (‘CySEC’) issued an announcement-warning with regard to Worldwide CapitalFX - a forex brokerage brand that is not authorized to provide investment services and/or perform investment activities in the country. The Cyprus Securities and Exchange Commission, known as CySEC, is the financial regulatory agency of Cyprus. As an EU member...