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France’s AMF blacklists five unregulated forex brokers

Sep 27 2017
By
Jonathan Smith

 France’s financial markets regulator AMF has added five unregulated forex brokers to its warning list. They are: 1875 Finance Invest, London B Capital, FxAndCo, StartMarkets and CBRE-SecurityPlace.


Our check revealed that neither of them is regulated and all of them appear to be new on the market. Neither of the new additions to the list provides much information about itself, like an address for example, but all of them appear to target mainly French clients.


France is among the first countries to try to impose some restrictions on the activities of forex and binary options brokers, including the properly regulated ones. Last year the French parliament passed a law forbidding the forex, CFD and binary options brokers to advertise their services elctronically, i.e. on TV, radio and the internet, as well as to strike up sponsorship deals with sports clubs and teams.


Or advice is to avoid dealing with unregulated brokers and always to check their license, details and reputation before giving them your contact details or sending them any money.

 

  

TAGS: france  amf  warning  1875 Finance Invest  London B Capital  FxAndCo  StartMarkets  CBRE-SecurityPlace 
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