New entities flagged for lacking investment service licenses.
Regulators like FCA, SFC, and FSC stay active, updating warning lists daily.
Although
the holiday and New Year's break is just around the corner, financial market
regulators remain exceptionally active. This can be seen in the number of
warnings published by popular watchdogs.
During
today's (Wednesday) session, the warning list was updated by the
UK Financial Conduct Authority (FCA), the Hong Kong Securities and Financial
Commission (SFC) and the Mauritius Financial Services Commission (FSC), among others.
Long List of Warnings from
FCA
On 20
December, as many as five entities were added to the FCA warning list,
including Ventures-Funds, Cryptolinkx, Universal Forex Trading, Premium Easy
Loan, and Safe Forex Trading. None of them have the appropriate licenses to
provide investment services in the UK.
However,
analyzing the FCA register, we see that the regulator made a major
update to its list two days earlier, on 18-19 December, adding about 50 new
entities. These are mostly companies that offer either cryptocurrency services
or FX/CFD trading.
The warning
list of the Mauritius FSC includes the FX Future entity, which falsely claims
to be authorized, impersonating the license of another entity, Benor Capital
Ltd.
"The
FSC wishes to inform the public that Benor Capital Ltd has no association in
any manner with FX Future and further highlights that FX Future and/or any
other individuals or representatives or promoter groups operating under such
name are not and have not, at any point in time, been licensed and/or regulated
by the FSC," the regulator commented in an official statement.
At the same
time, it recommends particular caution when dealing with FX Future.
Some time
ago, the regulator warned against Match CFD, which falsely claimed to have
a full broker-dealer license.
Two New Entities on SFC's
Warning List
Meanwhile,
Hong Kong's SFC added LonShiX and Bitbank (Global) Financial Holding Group to
its warning list. The first encourages people to open investment accounts
through social platforms and instant messaging. The second uses a name
deceptively similar to the popular cryptocurrency exchange, although it is not
related to it in any way.
"The
SFC also suspects that Bitbank (Global) Financial Holding Group may have
disseminated false and misleading information about itself and its business
through online channels, including its website and social media platforms,
claiming that it has obtained SFC licences and begun to apply for a virtual
asset service provider's licence," the SFC informed and at the same time
warned that it has not issued a license to this entity.
Yesterday (Tuesday),
the Cypriot CySEC updated its warning list, adding 12 unlicensed
investment websites.
Although
the holiday and New Year's break is just around the corner, financial market
regulators remain exceptionally active. This can be seen in the number of
warnings published by popular watchdogs.
During
today's (Wednesday) session, the warning list was updated by the
UK Financial Conduct Authority (FCA), the Hong Kong Securities and Financial
Commission (SFC) and the Mauritius Financial Services Commission (FSC), among others.
Long List of Warnings from
FCA
On 20
December, as many as five entities were added to the FCA warning list,
including Ventures-Funds, Cryptolinkx, Universal Forex Trading, Premium Easy
Loan, and Safe Forex Trading. None of them have the appropriate licenses to
provide investment services in the UK.
However,
analyzing the FCA register, we see that the regulator made a major
update to its list two days earlier, on 18-19 December, adding about 50 new
entities. These are mostly companies that offer either cryptocurrency services
or FX/CFD trading.
The warning
list of the Mauritius FSC includes the FX Future entity, which falsely claims
to be authorized, impersonating the license of another entity, Benor Capital
Ltd.
"The
FSC wishes to inform the public that Benor Capital Ltd has no association in
any manner with FX Future and further highlights that FX Future and/or any
other individuals or representatives or promoter groups operating under such
name are not and have not, at any point in time, been licensed and/or regulated
by the FSC," the regulator commented in an official statement.
At the same
time, it recommends particular caution when dealing with FX Future.
Some time
ago, the regulator warned against Match CFD, which falsely claimed to have
a full broker-dealer license.
Two New Entities on SFC's
Warning List
Meanwhile,
Hong Kong's SFC added LonShiX and Bitbank (Global) Financial Holding Group to
its warning list. The first encourages people to open investment accounts
through social platforms and instant messaging. The second uses a name
deceptively similar to the popular cryptocurrency exchange, although it is not
related to it in any way.
"The
SFC also suspects that Bitbank (Global) Financial Holding Group may have
disseminated false and misleading information about itself and its business
through online channels, including its website and social media platforms,
claiming that it has obtained SFC licences and begun to apply for a virtual
asset service provider's licence," the SFC informed and at the same time
warned that it has not issued a license to this entity.
Yesterday (Tuesday),
the Cypriot CySEC updated its warning list, adding 12 unlicensed
investment websites.
Damian's adventure with financial markets began at the Cracow University of Economics, where he obtained his MA in finance and accounting. Starting from the retail trader perspective, he collaborated with brokerage houses and financial portals in Poland as an independent editor and content manager. His adventure with Finance Magnates began in 2016, where he is working as a business intelligence analyst.
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
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▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
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Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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