Global Broker Regulation Inquiry App
WikiFX
English
简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
French Financial Authorities Discover 15 Illegal Forex Platforms
Abstract：Fifteen new websites offering foreign exchange investment services in France without proper licensing have been discovered by the French Financial Market Authority (AMF) and the French Prudential Supervision and Resolution Authority (ACPR). Authorities investigating the financial markets uncovered a fraudulent website that advertised derivative contracts based on a wide range of underlying assets, including digital currencies.
The French Financial Market Authority (AMF) and the French Prudential Supervision and Resolution Authority (ACPR) have identified 15 new unlicensed websites in the nation that provide FX investing services. Financial market regulators also discovered an unlawful portal that offered derivative contracts with a variety of underlying assets, including cryptocurrency.
Both regulators made the announcements on Wednesday and cautioned French retail investors “against the actions of various firms providing investments in forex and crypto-asset derivatives in France without being authorized to do so.”
The AMF and ACPR have discovered 15 illegal forex websites.
Unauthorized forex websites, according to the AMF and ACPR, include:
www.1market.com/fr
www.24cryptoforextrading.net
www.bitictrade.com
www.boursecapital.net
www.cryptoneyx.io
Also unauthorized are:
www.fr.finaguide.com
www.lions-broker.com
www.multibankfx.com
www.fr.puprime.net
www.raisefx.com
The authorities have also banned the following illicit forex platforms:
www.traderhouse.com
www.valutamarkets.com
www.vestapros.com
www.t4trade.com
www.virtuscapital.world
In the recent update, however, the French markets watchdogs have identified www.silveriz.fr as an unlawful crypto-asset derivatives supplier.
In 2022, the percentage of unlicensed forex sites will decrease.
According to AMF and ACPR, the overall number of banned unlicensed forex sites this year has decreased by 30% to 49 platforms, down from 61 last year. This is despite the fact that the number of French retail investors fell by 35% in the third quarter of the year.
Furthermore, regulators have warned just two platforms trading crypto-asset derivatives this year, a 92% decrease from the 24 unlawful websites flagged in 2021.
In response to the latest updates, the French financial markets regulator asked investors to clarify whether the suppliers of their financial goods and services are licensed to operate in the nation. They advised them to do so by reviewing their registers of approved investment service providers and authorized intermediaries in the financial investment adviser and crowdfunding categories.
“If the intermediary in question does not appear on either of the last two lists, we strongly advise you not to use their services, as they are in violation of the applicable legislation and are not required to comply with basic investor protection, information disclosure, and claims handling rules,” they explained.
Stay tuned for more Forex Regulatory news.
Use the download link below to download and install WikiFX App on your mobile phones to stay updated on the latest news, even on the go.
Download link: https://www.wikifx.com/en/download.html
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
Fraud Alert
Scam Alert
Ethereum
Bitcoin
Blockchain
Cryptocurrency
forex beginners
forex market
Basic forex knowledge
Forex news
Forex Broker
Forex Chart
Forex trading
Learn basic forex
knowledge
Dealer
Broker
Read more
Seaprimecapitals Withdrawal Problems: A Complete Guide to Risks and User Experiences
Worries about Seaprimecapitals withdrawal problems and possible Seaprimecapitals withdrawal delay are important for any trader. Being able to get your money quickly and reliably is the foundation of trust between a trader and their broker. When questions come up about this basic process, it's important to look into what's causing them. This guide will tackle these concerns head-on, giving you a clear, fact-based look at Seaprimecapitals' withdrawal processes, user experiences, and trading conditions. Most importantly, we'll connect these real-world issues to the single most important factor behind them: whether the broker is properly regulated. Understanding this connection is key to figuring out the real risk to your capital and making a smart decision.
Original 19h
iFX Brokers Review: Do Traders Face Withdrawal Issues, Deposit Credit Failures & Free Coupon Mess?
Have you had to pay several fees at iFX Brokers? Had your trading profit been transferred to a scamming website, causing you losses? Failed to receive withdrawals from your iFX Brokers trading account? Has your deposit failed to reflect in your trading account? Got deceived in the name of a free coupon? Did the broker officials not help you in resolving your queries? Your problems resonate with many of your fellow traders at iFX Brokers. In this iFX Brokers review article, we have explained these problems and attached traders’ screenshots. Read on!
Original 19h
NinjaTrader Exposed: Why Traders are Calling Out NinjaTrader’s Lifetime Plan & Chart Data
Did NinjaTrader onboard you in the name of the Lifetime Plan, but its ordinary customer service left you in a poor trading state? Do you witness price chart-related discrepancies on the NinjaTrader app? Did you have to go through numerous identity and address proof checks for account approval? These problems occupy much of the NinjaTrader review online. In this article, we have discussed these through complaint screenshots. Take a look!
Original 21h
Questrade Review Pros, Cons and Regulation
Is Questrade legit? Yes—CIRO regulated broker offering stocks, ETFs, forex, CFDs, bonds, and more with low fees and modern platforms.
Original 21h
WikiFX Broker
Latest News
Axi Review: A Data-Driven Analysis for Experienced Traders
WikiFXINZO Regulation and Risk Assessment: A Data-Driven Analysis for Traders
WikiFXPepperstone CEO: “Taking Down Scam Sites Almost Every Day” Becomes “Depressing Daily Business”
WikiFXThe CMIA Capital Partners Scam That Cost a Remisier Almost Half a Million
WikiFXIs Seaprimecapitals Regulated? A Complete Look at Its Safety and How It Works
WikiFXeToro Cash ISA Launch Shakes UK Savings Market
WikiFXCleveland Fed's Hammack supports keeping rates around current 'barely restrictive' level
WikiFXDelayed September report shows U.S. added 119,000 jobs, more than expected; unemployment rate at 4.4%
WikiFXClose Up With WikiFX —— Take A Close Look At Amillex
WikiFXGGCC Bonus and Promotions: A Data-Driven Analysis for Experienced Traders
WikiFXCurrency Calculator
USD
CNY
Current Rate: 0
Amount
USD
Available
CNY
Calculate