Spain’s CNMV warns of MCH Investment Strategies

November 27, 2018 at 08:06 PM

Spain’s financial markets regulator, CNMV, has warned of Forex broker MCH Investment Strategies. 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 for the financial regulation of the securities markets in Spain. It is an independent agency that falls under the Ministry of Economy, Industry, and Competitiveness.

The broker operates through the website www.mchinvestment.com and offers Forex, CFD and cryptocurrency trading. The broker claims to be based in London, the UK, however, it doesn’t provide any information about its regulation. If the broker is actually located in the UK and targets British residents, it would need to be licensed by the UK’s regulator Financial Conduct Authority (FCA), but there is no such entity found in the FCA register. Also, the terms and conditions state that the broker is authorized by the Cyprus Securities and Exchange Commission (CySEC), and again we didn’t find any records about the broker in the CySEC public register. It is a first red flag, as the brokers who provide false regulation information definitely cannot be trusted.

Moreover, it turned out the broker is not just using fake regulatory details, it is also using the name of a CNMV regulated entity: “Not to be confused with the entity MCH INVESTMENT STRATEGIES, AGENCIA DE VALORES, S.A. (MCH INVESTMENT STRATEGIES) and its web http://mchinvestmentstrategies.mch.es/es/, which is duly registered with the National Securities Market Commission with the number 237.”

It is now clear that MCH Investment Strategies is way too suspicious to be dealt with. Trading with a licensed broker ensures you will not have issues withdrawing your investment. The most trustworthy brokers are those registered with such regulators as FCA in the United Kingdom and ASIC in Australia.

You can read our review on this broker here.

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