France’s financial markets regulators, the Autorité des Marchés Financiers (AMF) and the Autorité de Contrôle Prudentiel et de Résolution (ACPR), today published a list of websites and entities offering investments on the unregulated forex market in France, without authorisation to do so.
The following firms are the latest addition to the list:
www.fxsep.com/SEP Global Ltd
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www.valtechfx.com/ValtechFX Global Solutions Ltd
www.citybankcfd.com/City Bank CFD
The entities listed above offer their clients a variety of forex services which they do not have the authorisation to provide. It is a popular practice amongst such firms to lure in potential customers with promises of quick profits on the financial markets. Such entities rarely offer appropriate warnings to their clients regarding the inherent risks related to engaging in transactions on the market.
The AMF and ACPR have highlighted the importance of checking that the financial intermediary offering or recommending investments features on the list of financial institutions authorised to do business in France. They are listed at www.regafi.fr.
A list of all unauthorised websites offering investments on the unregulated foreign exchange market is available on the AMF’s website.