France’s AMF adds four offshore FX brokers to its warning list
French financial regulatory body AMF added a number of offshore retail FX and CFD brokers to its warning list of […]
Offshore FX brokers are websites which offer retail clients trading in forex pairs, CFDs and often cryptocurrencies, while located in one of many “offshore” locations. These include brokers which are licensed by small island and nation-states with the more popular ones being Belize, Seychelles, Mauritius, Saint Vincent and the Grenadines, the British Virgin Islands (BVI), and the Bahamas. Other offshore FX brokers are fully unlicensed, and operate with no regulatory oversight of any kind.
Offshore brokers typically can offer more risky terms to clients than can properly licensed, onshore brokers (such as those located in Europe, Australia, or North America), such as high leverage and volume-related deposit bonuses. However when things go wrong, clients of these offshore brokers typically have no recourse, and no real regulator to turn to,
French financial regulatory body AMF added a number of offshore retail FX and CFD brokers to its warning list of […]
Spanish financial regulator Comisión Nacional de Mercado de Valores (CNMV) has issued a warning regarding several unlicensed offshore FX brokers […]
Italian financial regulator CONSOB has ordered the blackout of seven additional websites, which illegally offer financial services in Italy. The regulator […]
Cyprus financial regulator CySEC has issued a couple more additional warnings regarding offshore brokers and other financial entities which aren’t […]
Continuing its crusade against offshore and unlicensed brokers showing UK addresses / telephone numbers or targeting UK based retail traders, […]
Spanish financial regulator Comisión Nacional de Mercado de Valores (CNMV) has issued a warning regarding several unlicensed offshore FX brokers […]
Regulators in the UK and Sweden issued warnings today against a number of Retail FX brokerage brands which aren’t licensed […]