The Financial Markets Authority (FMA) of New Zealand, the government agency responsible for financial regulation, have issued warnings against Selected Markets and GG Trade brokers. The regulator states the companies are not registered, licensed, or regulated in New Zealand and are not registered on the FSPR.  The Financial Markets Authority (FMA) plays a critical role...

ASIC has extended the suspension of the Australian financial services (AFS) license held by Halifax Investment Services Pty Ltd (Halifax) until 8 January 2021. As we previously reported, on the 14th of January 2019, ASIC has suspended the Australian financial services (AFS) license held by Halifax Investment Services Pty Ltd. Back then it was suspended...

The UK’s Financial Conduct Authority (FCA) has issued warnings against AGMarket and Kodimax. The regulator said the brokers have been providing financial services and products targeting people in the UK without being licensed. The Financial Conduct Authority (FCA) is a financial regulatory body in the United Kingdom, but operates independently of the UK Government, and...

The Cyprus Securities and Exchange Commission announces that the authorisation of the Cyprus Investment Firm Stocks Forex Ltd, number 283/15, is suspended in whole. Stocks Forex Ltd operates the brands Forex4Group and Stocks Forex AF. The main reason for the license withdrawal was the non-compliance with some sections of the Regulated Markets Law. According to...

The Financial Services and Markets Authority (FSMA) warns the public against the activities of Beflix and Trade Idea who are unlawfully operating in Belgium. The regulator has added that these trading platforms try to arouse consumers’ curiosity by placing scam ads on social media such as Facebook. In these fake ads, a well-known person often...

The Board of the Cyprus Securities Exchange Commission has announced that it started the initiation of the compensation payment process by the Investor Compensation Fund for Clients of IFs (I.C.F), clients of PFX Financial Professionals Ltd. The company operates the brands FXFINPRO Capital and FINPROINVEST. As we have previously posted, that in October 2018 has...

The UK’s Financial Conduct Authority (FCA) has issued warnings against FXonspot and Lincoln FX. The regulator said the brokers have been providing financial services and products targeting people in the UK without being licensed. The Financial Conduct Authority (FCA) is a financial regulatory body in the United Kingdom, but operates independently of the UK Government,...

UK-headquartered global financial technology company TigerWit has announced that it has been accredited with a Financial Services licence from Hong Kong’s Securities and Futures Commission. Hong Kong is a major global financial hub and receiving this licence represents an important development for TigerWit, as the firm sees continued expansion and growth for its trading services...

The Austrian Financial Market Authority (FMA) warns the public against the activities of two forex brokers Morgan Trust and ICTrades. These companies have been offering investments without complying with Austrian financial legislation. According to the official statements, Morgan Trust and ICTrades are not entitled to carry out banking transactions in Austria that require a licence....

The UK’s Financial Conduct Authority (FCA) has issued warnings against Fun Managers and ProCapitalMarkets brokers. The regulator said the brokers have been providing financial services and products targeting people in the UK without being licensed. The Financial Conduct Authority (FCA) is a financial regulatory body in the United Kingdom, but operates independently of the UK...