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More than 40 brokers lose their IFSC licenses, including Finpro Trading, Fort Financial Services, Top4FX, and ZB Forex

Feb 11 2019
By
Jonathan Smith

 

The International Financial Services Commission of Belize (the “IFSC”) warned the public Finpro Trading, BlueMax Capital, Fort Financial Services, NPBFX, Salma Markets, Top4FX, IFA FX, ZB Forex and 40 more companies have not renewed their forex broker licenses. Therefore, those companies are not authorized to provide, carry on, or transact any of the international financial services provided for in the law of Belize as of February 1, 2019.

 

Here is the complete list of entities are no longer licensed by the International Financial Services Commission of Belize (arranged in alphabetical order):

 

1. Agros Investments Limited

2. Allied Asset AG (Belize) Limited

3. Alpha Capital Management Limited

4. Always Rich Global Limited

5.Arosemena and Diaz Trust (Belize) Limited

6. ATC Services (Belize) Ltd.

7. Belize Offshore Formation Limited

8. Belize Offshore Incorporation Limited

9. Belize Offshore Solutions Limited

10. Bluemax Global Ltd.

11. Bondex Global Limited

12. BP Global Limited

13. Capital Market Solutions Inc.

14. Choice Trust Limited

15. CST Financial Services Ltd.

16. Delwyn Trading Limited

17. E-Pay Services Limited

18. Financials Worldwide Inc.

19. Finpro Holdings Inc.

20. FirstFX Global Limited

21. Fort Financial Services Ltd.

22. FX4WIN International Limited

23. FXGroup International Ltd.  (operating Top4FX)

24. G.E.B. Global Equity Brokers (Belize) Limited

25. Georgetown Administrative Services Limited

26. Green Investment House Corp.

27. IFA FX Ltd. 28. IIG Ltd.

29. IPCTRADE INC.

30. Keyforce Management Limited

31. Marigold Global Markets Corporation

32. Marilyn Williams

33. Maxi Services (Belize) Ltd.

34. MB Trust Limited

35. Mercury Limited

36. NPBFX Limited

37. OR Capital Ltd.

38. OWA Trust Ltd.

39. Pacific 2000 Securities Ltd.

40. PMA Agents Limited

41. Remit Now International Limited

42. Safe Gold International (Belize) Limited

43. Salma Markets Companies Corp.

44. Sandpiper Investments Limited

45. Servicios Bursátiles Internacionales Ltd

46. Stephen L. Thompson

47. Tyrsis Trust Limited

48. ZB Forex Ltd.

 

All investors and other persons concerned are advised to take note that the above firms are no longer licensed by the IFSC and in case they continue providing ‎investment services or advise in or from within Belize, the practice will be considered a criminal offense.

 

Despite not being known as the strictest regulator, the IFSC is taking itself seriously enough to maintain a registry of the companies regulated by it and to regularly publish warnings of brokers falsely claiming to hold a Belize license.

 

TAGS: IFSC  warning  Belize  Finpro Trading  BlueMax Capital  Fort Financial Services  NPBFX  Salma Markets  Top4FX  IFA FX  ZB Forex 
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