Austria’s FMA Adds FX and Binary Broker Spot2Trade to Warning List
- The FMA uses investor warnings to inform the public about fraudulent operations.

The Financial Markets Authority (FMA) of Austria today warned investors against being offered products and services from Spot2Trade Ltd, according to a recent regulatory statement.
The financial watchdog today updated its warning list by blacklisting the firm which offers several financial services to both individuals and businesses. Spot2Trade, which is allegedly based in the UK, operates from the site www.spot2trade.com and facilitates trading in Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term, commodities, stocks and binary options, among other asset classes.
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Our check of the broker reveals that it doesn’t provide any regulatory information or claim a specific legal status.
Based on this, the FMA warns the public not to invest in Spot2Trade, and to be cautious of dealing with its solicitations. The company is not registered as a legitimate provider in Austria and is therefore not allowed to offer financial services in the country.
The FMA is focused on identifying and blacklisting any individual or entity that is operating in Austria without a license or authorisation, where that is required by law. However, the FMA has warned that some companies are overseas operations and the watchdog may only be alerted to them once a local investor has a problem with them.
The FMA uses investor warnings to inform the public about fraudulent operations, unauthorized service providers, and possible scams. The system is not unlike measures deployed in other jurisdictions, such as routine warnings from the UK’s Financial Conduct Authority (FCA) Financial Conduct Authority (FCA) The Financial Conduct Authority (FCA) is the largest financial regulator for all financial markets in the United Kingdom (UK).The UK regulator is responsible for the conduct of firms authorized under the Financial Services and Markets Act 2000. Moreover, the FCA is also responsible for the regulation of behavior in retail and wholesale financial markets, supervision of the trading infrastructure that supports those markets, and the prudential regulation of firms not regulated by the PRA. Its rol The Financial Conduct Authority (FCA) is the largest financial regulator for all financial markets in the United Kingdom (UK).The UK regulator is responsible for the conduct of firms authorized under the Financial Services and Markets Act 2000. Moreover, the FCA is also responsible for the regulation of behavior in retail and wholesale financial markets, supervision of the trading infrastructure that supports those markets, and the prudential regulation of firms not regulated by the PRA. Its rol Read this Term), or Belgium’s FSMA. The recent data supports this measure as an effective counter against scams, with the public being more informed overall and properly warned against unauthorized service providers preying on market participants.
The Financial Markets Authority (FMA) of Austria today warned investors against being offered products and services from Spot2Trade Ltd, according to a recent regulatory statement.
The financial watchdog today updated its warning list by blacklisting the firm which offers several financial services to both individuals and businesses. Spot2Trade, which is allegedly based in the UK, operates from the site www.spot2trade.com and facilitates trading in Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term, commodities, stocks and binary options, among other asset classes.
Discover credible partners and premium clients in China's leading event!
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Our check of the broker reveals that it doesn’t provide any regulatory information or claim a specific legal status.
Based on this, the FMA warns the public not to invest in Spot2Trade, and to be cautious of dealing with its solicitations. The company is not registered as a legitimate provider in Austria and is therefore not allowed to offer financial services in the country.
The FMA is focused on identifying and blacklisting any individual or entity that is operating in Austria without a license or authorisation, where that is required by law. However, the FMA has warned that some companies are overseas operations and the watchdog may only be alerted to them once a local investor has a problem with them.
The FMA uses investor warnings to inform the public about fraudulent operations, unauthorized service providers, and possible scams. The system is not unlike measures deployed in other jurisdictions, such as routine warnings from the UK’s Financial Conduct Authority (FCA) Financial Conduct Authority (FCA) The Financial Conduct Authority (FCA) is the largest financial regulator for all financial markets in the United Kingdom (UK).The UK regulator is responsible for the conduct of firms authorized under the Financial Services and Markets Act 2000. Moreover, the FCA is also responsible for the regulation of behavior in retail and wholesale financial markets, supervision of the trading infrastructure that supports those markets, and the prudential regulation of firms not regulated by the PRA. Its rol The Financial Conduct Authority (FCA) is the largest financial regulator for all financial markets in the United Kingdom (UK).The UK regulator is responsible for the conduct of firms authorized under the Financial Services and Markets Act 2000. Moreover, the FCA is also responsible for the regulation of behavior in retail and wholesale financial markets, supervision of the trading infrastructure that supports those markets, and the prudential regulation of firms not regulated by the PRA. Its rol Read this Term), or Belgium’s FSMA. The recent data supports this measure as an effective counter against scams, with the public being more informed overall and properly warned against unauthorized service providers preying on market participants.