France's AMF Adds Three Firms to its Forex Warning List, Now 23 Unauthorised In Total
- AMF and ACPR adds 3 firms to its forex warning list, bringing latest total to 23 by adding: itcfx.com Investment Formula Corporation, integralbroker.com IB International Ltd, and motionforex.com Motion Forex Ltd.
France's financial markets regulators, the Authority on Financial Markets (Autorité des Marchés Financiers -or - AMF) , and the Autorité de Contrôle Prudentiel et de Résolution (ACPR) of the Bank of France, have published a new updated list of websites and entities offering investments on the unregulated foreign Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term (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) market in France, without authorisation to do so, according to the latest warning dated December 16, 2013.
In comparing this list to the regulators' previous such warning issued in April 2013, it appears that the following three firms are the newest additions to its latest Forex warning list:
- www.itcfx.com / Investment Formula Corporation
- www.integralbroker.com / IB International Ltd.
- www.motionforex.com / Motion Forex Ltd.
This news release is the sixth warning issued by the AMF and ACPR since July 7, 2011, as described in the official statement.
According to the regulators' description in this warning, the websites listed below may change very quickly (on the regulators' website) and this list is not intended to be exhaustive. The updated list (during time of publication by Forex Magnates) is as follows: [Italic font denotes the above-mentioned newest additions since April, 2013]
- www.4xp.com/fr/ Forex Place Limited
- www.astonforex.com/ Marketrade Ltd.
- www.bforex.com / BFOREX Limited
- www.cfxmarkets.com/ CFB International Ltd.
- www.finanzasforex.com / Evolution Market Group Inc.
- www.forextrada.com/ Forextrada
- www.forextradition.com / Forex Tradition
- www.fxcast.com / Surplus Finance SA
- www.gcitrading.com / GCI Financial Limited
- www.ihforex.com / Investment House International
- www.ikkotrader.com / IP International Service
- www.instaforex.com / InstaForex Companies Group
- www.integralbroker.com / IB International Ltd.
- www.investcapitalmarkets.com / ICM WORLDWIDE Ltd.
- www.itcfx.com / Investment Formula Corporation
- www.itnfx.com/ International Traders Network FX
- www.justrader.com/ MT Capital Partners
- www.motionforex.com / Motion Forex Ltd.
- www.netotrade.com/ Neto Trade Global Investment
- www.obroker.com/ Landkey Enterprises Inc.
- www.sunbirdfx.com/ Sunbird Trading limited
- www.tradaxa.com/ Sisma Capital Limited
- www.trader369.com / IP International Service – AJ BROWDER
The AMF and ACPR described the warning as a reminder of the specific risks attached to Forex products offered to the general public, and 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 check ww.regafi.fr.
If the intermediary in question is on these lists, the warning strongly recommended avoidance of offered services in France, as the listed firms are in breach of the applicable legislation and are not required to comply with basic rules of investor protection, information disclosure and claims handling, as described in the posted warning by AMF.
A full copy of the warning can be found on the AMF's website.
France's financial markets regulators, the Authority on Financial Markets (Autorité des Marchés Financiers -or - AMF) , and the Autorité de Contrôle Prudentiel et de Résolution (ACPR) of the Bank of France, have published a new updated list of websites and entities offering investments on the unregulated foreign Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term (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) market in France, without authorisation to do so, according to the latest warning dated December 16, 2013.
In comparing this list to the regulators' previous such warning issued in April 2013, it appears that the following three firms are the newest additions to its latest Forex warning list:
- www.itcfx.com / Investment Formula Corporation
- www.integralbroker.com / IB International Ltd.
- www.motionforex.com / Motion Forex Ltd.
This news release is the sixth warning issued by the AMF and ACPR since July 7, 2011, as described in the official statement.
According to the regulators' description in this warning, the websites listed below may change very quickly (on the regulators' website) and this list is not intended to be exhaustive. The updated list (during time of publication by Forex Magnates) is as follows: [Italic font denotes the above-mentioned newest additions since April, 2013]
- www.4xp.com/fr/ Forex Place Limited
- www.astonforex.com/ Marketrade Ltd.
- www.bforex.com / BFOREX Limited
- www.cfxmarkets.com/ CFB International Ltd.
- www.finanzasforex.com / Evolution Market Group Inc.
- www.forextrada.com/ Forextrada
- www.forextradition.com / Forex Tradition
- www.fxcast.com / Surplus Finance SA
- www.gcitrading.com / GCI Financial Limited
- www.ihforex.com / Investment House International
- www.ikkotrader.com / IP International Service
- www.instaforex.com / InstaForex Companies Group
- www.integralbroker.com / IB International Ltd.
- www.investcapitalmarkets.com / ICM WORLDWIDE Ltd.
- www.itcfx.com / Investment Formula Corporation
- www.itnfx.com/ International Traders Network FX
- www.justrader.com/ MT Capital Partners
- www.motionforex.com / Motion Forex Ltd.
- www.netotrade.com/ Neto Trade Global Investment
- www.obroker.com/ Landkey Enterprises Inc.
- www.sunbirdfx.com/ Sunbird Trading limited
- www.tradaxa.com/ Sisma Capital Limited
- www.trader369.com / IP International Service – AJ BROWDER
The AMF and ACPR described the warning as a reminder of the specific risks attached to Forex products offered to the general public, and 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 check ww.regafi.fr.
If the intermediary in question is on these lists, the warning strongly recommended avoidance of offered services in France, as the listed firms are in breach of the applicable legislation and are not required to comply with basic rules of investor protection, information disclosure and claims handling, as described in the posted warning by AMF.
A full copy of the warning can be found on the AMF's website.