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Retail FX
FSMA Warns against Clone of CoinDesk and 30 Fraudulent Trading Platforms
2022-11-23T14:30:04.449+02:00
A clone of CoinDesk was among 30 other fraudulent trading platforms flagged by the FSMA.
According to the Belgian market watchdog, financial scams are rising significantly.
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Retail FX
FCA Warns Trading App Operators to Stop the Trading Gamification
2022-11-21T11:48:09.648+02:00
The UK’s market watchdog wants trading app creators to review the main design features.
According to a recent study, gamification may lead to gambling-like behavior.
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Retail FX
ASIC Warns Against Fake IPO Investment Frauds
2022-11-09T13:41:11.339+02:00
The regulator uses case studies of Porshe's IPO and Care A2's Pre-IPO.
ASIC reminds that investing at the Pre-IPO stage involves higher risks.
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Retail FX
CySEC Expands Warning List, Adds Five Unlicensed Trading Platforms
2022-11-03T17:56:55.788+02:00
Some of them pretended to be licensed entities.
One broker turned out to be a clone of an authorized trading company.
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Damian Chmiel
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Retail FX
FMA Warns against Fraudster Impersonating the Regulator
2022-10-25T10:58:19.578+02:00
Scammer tries tricking consumers and investors into pretending to be a regulatory clerk.
The FMA warned of impostors four times in October 2022.
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CryptoCurrency
ASIC Warns against Cryptcurrency Scam Appasiccoin.org
2022-10-18T13:30:39.703+02:00
The watchdog states it never gives permission to use its logo to promote financial services.
Due to the cryptocurrency scams, investors lost $1 billion in 15 months.
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FinTech
LiquiTrade Is Operating ‘Illegal Banking Services’ in Germany, BaFin Says
2022-08-12T18:39:37.124+02:00
BaFin said content of latoken.com justifies the conclusion.
It added that LiquiTrade Ltd is not licensed under the German Banking Act.
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Solomon Oladipupo
Brokers
CySEC Issues Warning against Illegal Entities
2022-05-24T10:04:25.865+02:00
The authority has added goldenshare.io and finatics.io to its warning list.
CySEC has also urged investors to consult its website before conducting business with investment firms.
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Bilal Jafar
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News
Dukascopy Issues Warning on Fraudulent Crypto Website Clone
2022-05-23T23:19:00.000+02:00
The domain www.dukascoin.holds-coins.com 'does not belong' to Dukascopy.
The bogus site is cloning the template from Dukascoin.com.
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Felipe Erazo
Retail FX
UK’s FCA Raises Alarm on US Crypto Trading Firm
2022-04-23T01:13:29.899+02:00
The FCA says Crypto Vault Traders is operating in the UK without a permit.
It urged traders to check its register to verify firms before entering deals.
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Solomon Oladipupo
Regulation
UK FCA Warns on XTB Broker Clone
2022-03-21T23:41:00.000+02:00
The firm is offering crypto services without FCA's authorization.
The watchdog recently issued a warning about an unlicensed crypto provider.
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Felipe Erazo
Regulation
UK FCA Warns on Alpha Crypto Trade FX Ltd
2022-03-16T21:16:00.000+02:00
The company is reportedly targeting UK-based customers.
The British regulator said they're not authorized to provide financial services.
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Felipe Erazo
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FinTech
FCA Warns against Falcon Financial Solutions and Thestral Financial Services
2022-01-31T18:20:20.894+02:00
Cavendish Incorporated Ltd. carried investment activities with traders without permission.
Falcon Financial Solutions Ltd. has been linked to Cavendish Incorporated Ltd.
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Matti Williamson
News
Nova Scotia Securities Commission Warns about CoinRise
2022-01-12T08:12:31.801+02:00
The authority mentioned that CoinRise is not registered to offer services in the region.
The crypto trading platform claims to be located in Halifax, Nova Scotia.
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Bilal Jafar
Brokers
Ontario OSC Adds Status Markets to Its Warning List
2021-11-29T21:32:00.000+02:00
Status Markets is the most recent broker to be added to the OSC warning list.
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Felipe Erazo
Retail FX
SEC Issues Warning against Impersonators Faking to Be Regulator
2021-11-22T09:27:16.000+02:00
These impersonators are approaching investors through multiple communication channels.
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Arnab Shome
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Retail FX
UK FCA Warns on Three Companies Operating without a License
2021-08-11T21:52:25.000+02:00
The British watchdog said that two of the companies are 'clone firms' of existing licensed ones operating in the country.
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Felipe Erazo
News
Norwegian Financial Regulator Alarms Consumers against Cryptos
2021-06-22T14:13:31.000+02:00
Several other European financial regulators issued similar warnings.
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Regulation
The Central Bank of Solomon Islands Warns on Fake Currency Sol York
2021-06-14T18:23:35.000+02:00
The CBSI did not clarify if Sol York is a cryptocurrency or a fake fiat coin circulating within the island.
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News
Austria’s FMA Warns of Unlicensed Crypto Broker Elcurrency Global Limited
2021-05-25T22:19:16.000+02:00
The alert notes that 'Hello Technology Ltd' is not also allowed to run financial-related operations in Austria.
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Brokers
Malaysia Hits Midtou and Actionnode with Regulatory Warnings
2020-11-20T21:29:38.000+02:00
Midtou Financials is the forex trading arm of Indonesia-based Midtou Global Financial Group.
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Aziz Abdel-Qader
Brokers
Italy’s Consob Orders Blackout of Five Forex, Crypto Websites
2020-10-08T19:40:50.000+02:00
The number of sites blacked out by Consob has risen to 300.
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Aziz Abdel-Qader
Regulation
Belgium's FSMA Warns against Selling Trading Products
2020-09-21T11:56:11.000+02:00
These products are advertised on social media, and mostly young people fall for them.
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Brokers
Portuguese Watchdog Warns Against AAFX CAPITAL
2020-08-14T19:07:07.000+02:00
Portugal’s watchdog confirmed that registration under its laws is required in principle, even for overseas operators
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Aziz Abdel-Qader
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Brokers
CONSOB Now Blocks Nearly 200 Domains for Unregulated Brokers
2020-04-30T17:37:10.000+02:00
CONSOB found new tools to address illegal operators in the market when the “Growth Decree” extended its powers far beyond.
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Next
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