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Retail FX
Equiti Group Takes Action against Brand Impersonation Scam
2024-04-02T10:05:31.010+02:00
The SCA warns against unregulated company targeting UAE investors using Equiti's brand.
The regulator confirms that the equiiti.com website is not associated with the licensed entity.
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Retail FX
FMA Warns against Crypto Exchange Clone and Unlicensed Firm in Latest Alert
2024-03-27T10:01:47.961+02:00
New Zealand's regulator added fake BTCSWE and Grandeur Capital Pro to warning list.
Despite NZ's lower overall number of scams, impersonators are a growing problem.
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Retail FX
These Five Brokers Were Added to the European Regulator's Warning List
2024-02-23T11:08:30.266+02:00
Consob blocks 5 brokers' websites for unauthorized financial services.
Sincy July 2019, the Italian regulator has blocked more than 1,000 domains.
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Retail FX
Delete That Fake Email Now, Warns Canadian Financial Regulator
2024-02-22T11:02:42.470+02:00
CSA warns of email scams posing as its Chairman, targeting registrants for phishing.
According to the regulator, no CSA systems were breached.
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Retail FX
Regulator Says These 17 Trading Platforms Are Stealing Your Money
2024-02-14T12:19:54.817+02:00
The FSMA warns against a bunch of new fraudulent trading platforms in Belgium.
Victims are lured by fake promises, unable to withdraw funds later.
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CryptoCurrency
Watch Out for This Popular Crypto Exchange Clone
2024-02-12T12:41:49.410+02:00
A scam company is again impersonating Coinbase, this time in the UK.
Be wary of emails and phone calls from people posing as platform representatives.
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Retail FX
FCA’s 2023 Crusade against Financial Fraud Hits New Peak
2024-02-08T14:26:35.904+02:00
The number of warnings rose 21% from 2022.
Awareness and use of FCA's Warning List increased, aiding scam prevention.
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Retail FX
Spain's CNMV Sounds Alarm Bells for ACY Securities
2024-02-05T13:17:38.497+02:00
According to the CNMV, ACY does not possess the necessary licenses to operate in Spain.
Finance Magnates contacted the broker for a comment.
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Retail FX
New Zealand's Fraud Victims Tricked by the Fake UK's FCA Financial Emails
2024-01-30T10:50:09.065+02:00
FMA cautions against fraudsters impersonating the UK's FCA.
They offer alleged assistance in recovering funds lost in previous scams.
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Retail FX
FCA Flags over 50 Unregistered Firms Promoting Financial Services
2024-01-29T20:22:23.854+02:00
The flagged entities include Extron Exchange, Crypto Miners Limited, Trusted Coinmining, and Capital Wave FX.
The FCA cautioned investors of these firms that they will not access the protection of the Financial Ombudsman Service.
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Retail FX
CNMV Flags 14 Unregistered Entities as Spain Tightens Financial Oversight
2024-01-29T15:06:08.136+02:00
Local market watchdog warns against unlicensed financial firms, cautioning investors.
Few months ago CNMV expanded the FX/CFDs market restriction for retail traders.
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French AMF Alerts Investors to 35 Risky Firms
2024-01-10T12:42:16.941+02:00
The big update focused on FX and crypto market companies.
This is one of the most extensive additions to the AMF’s warning list recently.
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Retail FX
Admiral Markets (Once Again) Impersonated by Fraudulent Clone, FCA Reports
2024-01-04T12:01:32.397+02:00
The clone impersonated Admirals trading brand using false details to deceive investors.
Clone firms pose serious risks, including fraud and unregulated operations.
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Retail FX
XTB Clone Scam: FCA Issues Urgent Investor Warning
2023-12-28T15:10:52.501+02:00
The regulator issues alert on unauthorized XTB clone scamming investors.
"XTB Trading World" is not associated with the original brand in any way.
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FCA Identifies Clone Firms Imitating Hargreaves Lansdown and Westpac
2023-12-27T18:06:29.894+02:00
Clone firms impersonate popular financial brands in the UK.
This time, the FCA warns against clones of a popular bank and trading company.
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Retail FX
TriumphFX's Ignored Red Flags: Troubles Date Back to 2015
2023-12-22T16:32:41.368+02:00
TriumphFX's history includes a decade of accusations and warnings from Asian regulators.
As it turns out, the first alert was sent by HK's SFC back in 2015.
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Retail FX
Beware the Clone: UK Watchdog Flags Fake Spreadex Site
2023-12-22T14:21:45.677+02:00
Scammers use a domain name strikingly similar to spreadex.com.
Clone firms trick investors with false promises, leading to financial losses.
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Retail FX
TriumphFX Faces CySEC Crackdown over Shareholder Concerns
2023-12-21T16:35:03.346+02:00
CySEC suspends TriumphFX shareholders' rights over management issues.
The regulator mentions warnings against the broker in Malaysia and Singapore.
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Regulators on High Alert: FCA, SFC, and FSC Issue New Warnings
2023-12-20T13:23:24.911+02:00
New entities flagged for lacking investment service licenses.
Regulators like FCA, SFC, and FSC stay active, updating warning lists daily.
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Investor Alert: CySEC Flags 12 Unlicensed Investment Websites
2023-12-18T12:26:49.908+02:00
The Cypriot regulator has updated its caution list.
It is a mix of unregulated FX/CFD brokers and cryptocurrency companies.
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Retail FX
Alert: NZ FMA Adds Five Fraudulent Firms to Caution List
2023-12-13T11:56:05.419+02:00
FMA is one of the most active regulators in the financial markets.
Despite the high level of warnings, the number of scams in NZ is reportedly decreasing.
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FCA Issues 1,716 Warnings about Unregistered Firms from April 2022 to March 2023
2023-12-08T19:25:27.471+02:00
The regulator prevented 1 in 5 new consumer investment firms from entering the market.
Inquiries about potential scams have increased 12% annually since 2020.
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CryptoCurrency
Philippines Joins Global Crypto Crackdown on Binance
2023-11-29T11:12:18.931+02:00
Philippines' SEC warns Binance for operating without a license, risking 21-year imprisonment for promoters.
The company faces global regulatory issues, including investigations in France and Singapore.
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Retail FX
News Nuggets | 27 November: Argo Welcomes New CEO; HIVE Acquires Swedish Data Center
2023-11-27T12:35:52.842+02:00
Also, the FCA issued a warning against VentureXchange.
Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
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Retail FX
News Nuggets | 21 November: FCA and FMA Warns against Clones and Fraudsters
2023-11-21T12:21:22.306+02:00
Also, ASIC published enforcement plan; Plaid hires Adyen executive.
Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
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