The Belize watchdog today warned that a company calling itself ATS Markets Global Ltd is purporting to be registered in the country with the International Financial Services Commission (IFSC), yet the certificate of incorporation on its website under the url ats-markets.com is a “complete forgery,” according to the an official IFSC press release.
The update was by IFSC Director General Neri J. Matus, who said that all persons concerned should exercise extreme caution and take note as the aforementioned entity is not licensed by the IFSC or any other competent authority in Belize to carry out any type of trading activity.
Refuted company number
A check of the broker’s website lists a UK phone number, yet calls to the number went to voice-mail when Finance Magnates attempted to reach out to the company. Listed on the bottom of the ATS website was a company number 152,302 that purports to be registered in the country, and may have been the item that caught the IFSC’s attention with regard to the warning.
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The website also lists that the company is headquartered at Suite 102, Blake Building, Corner Eyre & Hutson Streets, Belize City, Belize, and in the about us section it makes reference to other global offices including in the United Kingdom, Vanuatu, New Zealand, Afghanistan, and India.
Looks like a scam
It’s not clear how many clients may be affected by the firm which has already been cited today for forgery over its regulatory status. Therefore, this is a warning sign of other potentially fabricated aspects of its business with regard to credibility.
Moreover, even the funding links on the website were password protected in an effort to distance the information of the recipient from the public-facing side of the website, yet another potential warning signs visible on the site.
Typically, scam artists in scenarios like these may deny the accusations and make up excuses, perhaps that it was an administrative error or due to a mistake from someone in marketing or that the company number belonged to a different jurisdiction or some other preposterous excuse, while attempting to paint a picture of integrity in an effort to dupe investors.