French Watchdog Warns Against Five More Unauthorised FX Firms

France’s financial market regulator, the Autorité des Marchés Financiers (AMF), today updated its list of websites that it identified as proposing investments in the markets of 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 without being authorized to operate in France.

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Five new names have been added to the watchdog's blacklist today. These are:

FINANCIKA (SHARP TRADING) LTD (www.financikatrade.com);

usurpation de GN INVEST AG (www.gninvest-ag.com);

INVESTING SECURE INTERNATIONAL LTD (www.investing-secure-international.com);

MRT TECHNOLOGY LIMITED (www.mrtmarkets.com); and

THRUST MARKETS (www.thrustmarkets.com).

Any financial intermediary offering or recommending investments must be on the list of financial institutions authorized to do business in France, according to the regulator's notice. It also recommends that investors consult its list of authorized investment service providers before choosing to work with any broker.

The AMF routinely issues this type of warning as it adds new websites that market to French clients to its list. These usually include both 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 and binary options firms.

In November the French parliament voted to ratify the ‘Sapin 2’ bill aiming to hand certain powers to the French Ministry of Finance in order to limit the advertisement of risky products.