Sponsored By
de | cn | ru

Market News

Hong Kong's SFC warns of forex broker Escuela Trades

Hong Kong's financial markets and services providers regulator, the Securities and Futures Commission (SFC) has warned that the forex broker Escuela Trades is not licensed.


 

According to the SFC, the company claims it is based in Hong Kong, but is not located at the given address and is unlicensed.


 

The broker itself claims it was established in 2009, operated by Bach Investment Advisors and regulated by Chinese Security Regulatory Commission (CRSC). We did not find an entry neither for Bach Investment Advisors, nor for Escuela Trades in the commission's list of licensed securities companies. It is fair to note, however, that the English-language version of the list was last updated in 2012. Either way, the doubts remain.


 

The broker offers trading in forex, cryptocurrencies and binary options on MetaTrader 4. It claims it has more than 3000 from 35 countries.


 

As always, we advise our readers to avoid dealing with unlicensed brokers. It is much smarter to sign up with properly regulated brokers like FxPro, XM or FXCM, for instance.

 

 

TAGS: hong kong  sfc  escuela trades 
Broker Country Regulation Platform Min Deposit Review
US CFTC, NFA MT4, Web,
in-house
$50 Review Website
Cyprus CySec, FCA MT4, MT5, Web $5 Review Website
Cyprus, Australia CySec, ASIC MT4, Web,
Mobile app
$100 Review Website
UK, Cyprus, Hong Kong FCA, CySEC, SFC MT4, Web,
PrimeTrader
$100 Review Website
UK, Cyprus, Australia FCA, CySec, ASIC MT4, MT5 $5 Review Website
UK, Australia FCA, ASIC MT4, Trading
Station,
NinjaTrader
$50 Review Website
UK, Cyprus, UAE, South Africa FCA, CySEC, DFSA, FSB MT4, MT5, FxPro
Markets,
cTrader
$100 Review Website
Cyprus CySEC MT4, MT5, Web $1 Review Website
Belize IFSC MT4, MT5 $100 Review Website
Australia ASIC MT4, MT5,
IRESSTrader
$200 Review Website
Seychelles FinaCom MT4, Web $10 Review Website

More Forex Market News

FCA warns against binary options brokers Rbinary, BigOption and VIP Brokers

May 22 2018 12:23:36

  The Financial Conduct Authority (FCA) has added several unregulated binary options brokers to its warning list on Monday. According to the UK’s financial watchdog, Rbinary, BigOption and VIP Brokers have been providing financial services or products in the UK without its authorisation. Read more

Canadian OSC warns against BTC Real, Bit Serial and several more cyptocurrency investment firms

May 21 2018 14:12:48

The Ontario Securities Commission (OSC) has warned residents of BTCReal, BitSerial, Hypercube Ventures LP, CabinCoin OÜ, and BaapPay Inc. These companies target Canadian investors and are all supposedly connected to cryptocurrencies. Read more

FCA adds Revolution Variable Systems (RVS) to its warning list

May 17 2018 12:48:14

  UK’s Financial Conduct Authority (FCA) warned that Revolution Variable Systems (RVS) has been providing financial services in the country without being authorized. “This firm is not authorised by us and is targeting people in the UK,” the FCA said in its notice. Read more

Canadian watchdog OSC issues a warning against Meta Investing

May 17 2018 12:23:38

The Ontario Securities Commission (OSC) warned the public against another company – MetaInvesting. Canada’s multiple regional regulators are actively informing residents of the risks involved with unregulated entities. Read more

CySEC limits the leverage for cryptocurrency CFDs to 1:2

May 16 2018 09:42:03

The Cyprus Securities and Exchange Commission (CySEC) issued new guidelines regarding the cryptocurrency products offered by the plethora of brokers overseen by them. Read more

FCA warns against binary options brokers Stratx Markets and OptionStarsGlobal

May 15 2018 14:14:33

The UK financial watchdog, FCA, added two binary options brokers to its warning list: Stratx Markets and OptionStarsGlobal. According to the regulator, they have been providing financial services or products in the UK without FCA’s authorisation, which is required by law. Read more

UK’s FCA warns against Coperstone

May 14 2018 12:47:20

The regulatory agency responsible for financial services in the UK, the Financial Conduct Authority (FCA) has recently added another company to its ever-growing list of warnings. Read more

FCA added Royal Capital Pro to its warning list

May 11 2018 14:34:41

  UK's Financial Conduct Authority added yet another forex broker to its warning list on Wednesday. According to the regulator, Royal Capital Pro has been providing financial services in the UK without their authorisation. Read more

FCA alerts investors of Plus500 clone firm

May 10 2018 15:06:58

  The UK Financial Conduct Authority (FCA) has warned on Tuesday that Plus 500 Pro is a clone of the renown forex brokerage Plus500, which holds a license from FCA, among others. According to FCA, Plus 500 Pro is not authorized to carry out regulated financial services in the UK. Read more

Will SPECTRE.ai change binary options and forex forever?

May 09 2018 16:54:44

SPECTRE is short for speculative tokenized trading exchange, but more importantly is one of the potential disruptors to the forex and binary options industries. The company offers a solution to one of the most common problems – trust. Read more

de | cn | ru