CNMV Warns Investors About IBA Markets

The CNMV, Spain’s securities markets watchdog, has added IBA Markets (International Brokers Association Markets) to its growing investor warning list. The announcement comes just one week after the CNMV issued warnings against several brokers including BelforFX and Escuelade Traders for being unauthorised to provide investment services or advice under the relevant local capital markets law.

The broker in question operates online under the banner of www.ibamarkets.com as a provider of a range of FX services. While the website claims to have started its registration process with Russia’s Federal Financial Markets Service (FFMS) and Germany’s Bafin, the CNMV draws attention to the fact that where Regulation Regulation Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Read this Term is concerned, 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 brokers in Russia are regulated by the Russian central bank as opposed to the FFMS.

The CNMV’s role is to inform investors that investing through non-authorised companies implies a high risk of suffering capital losses since they operate outside the controls of supervisory authorities. Its latest warning on IBA Markets confirms that it is not authorised to offer investment services, including forex, in Spain.