• FCA alerts investors of TBFX clone firm

    The UK Financial Conduct Authority (FCA) has warned that TBFX is a clone of the renown forex brokerage XTB Limited, which holds a license from FCA, among others. According to FCA, TBFX is not authorized to carry out regulated financial services in the UK. The Financial Conduct Authority (FCA) is a financial regulatory body in...

    Read more
  • ASIC Flags Unauthorized Forex Firms Brokerz and MGM Markets

    The Australian Securities and Investments Commission (ASIC) has updated its blacklist to include Brokerz and MGM Markets. The financial regulator was alerted to the firms after they made unsolicited calls or sent emails about investing, financial advice, credit or loans. The Australian Securities and Investments Commission (ASIC) is an independent Australian government body that acts...

    Read more
  • SVS Securities PLC Enters Administration

    On 5 August 2019, the Court appointed Julien Irving, Andrew Poxon and Alex Cadwallader, all of Leonard Curtis, as Special Administrators of SVS Securities Plc (SVS), following an application by the Directors. The Joint Special Administrators are currently considering the options for the business going forward, including a sales process of the whole or part...

    Read more
  • New Zealand’s FMA Blacklists FX brokers FernFx and OlympusMarkets

    The Financial Markets Authority (FMA) of New Zealand, the government agency responsible for financial regulation, have issued warnings against FernFx and OlympusMarkets brokers. The regulator states the companies are not registered as New Zealand Financial Service Providers or licensed to provide derivatives products to New Zealand retail investors. The Financial Markets Authority (FMA) plays a...

    Read more
  • Spain’s CNMV blacklists HQBroker and Grand Capital forex brokers

    Spain’s financial markets and services regulator CNMV has issued a warning against two forex brokers HQBroker and Grand Capital. According to the public warning notice, these entities are 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)...

    Read more
  • CySEC has suspended the CIF licence of AFX Capital Markets Ltd

    The Cyprus Securities and Exchange Commission has announced that the authorisation of the Cyprus Investment Firm AFX Capital Markets Ltd. is suspended in whole, as there are suspicions of an alleged violation due to the company’s possible non-compliance at all times with the authorisation, regarding the safeguard of clients’ funds. The above decision was reached...

    Read more
  • CySEC warns against Pari Fx Trade and FX PREMIUM clone companies

    The Cyprus Securities and Exchange Commission (‘CySEC’) officially warned investors that Pari Fx Trade and FX PREMIUM are not licensed to provide investment services in the country. According to the regulator, brokerages and their websites are not operated by Cypriot Investment Firms and not authorized to provide investment services and activities in the country. The...

    Read more
  • Austria’s FMA has issued a warning against Aduno Capital

    The Austrian Financial Market Authority (FMA) warns the public against the activities of Aduno Capital a company that offers investments without complying with Austrian financial legislation. According to the official statement, Aduno Capital (ADUNO Capital Group ltd.) is not entitled to carry out banking transactions in Austria that require a license. The Austrian Financial Market...

    Read more
  • Austria’s FMA has issued a warning against TopTradePro

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

    Read more
  • Austria’s FMA has issued a warning against Swiss Investment Fx

    The Austrian Financial Market Authority (FMA) warns the public against the activities of Swiss Investment Fx a company that offers investments without complying with Austrian financial legislation. According to the official statement, Swiss Investment Fx (Swiss Investment Corporation LTD.) is not entitled to carry out banking transactions in Austria that require a license. The Austrian...

    Read more