New Zealand’s Financial Markets Authority (FMA) added unregulated forex providers Ainvestments and Alliance Investment Limited to its list of suspected scam this week.
Ainvestments is allegedly owned and operated by ESOS International Ltd, a company registered offshore, on the Marshall Islands. It also claims to have a EU subsidiary in Prague, Czech Republic, Kadeky International S.R.O., however this company does not appear to be overseen by any financial regulator either.
In its official warning, the FMA stated that the registration and regulation information claimed on Ainvestments‘ website are false and misleading. Furthermore, the regulator warned that this broker could be involved in investment fraud scheme. Actually, the same are claiming all the people who commented on our review of Ainvestments.
As regards Alliance Investment Limited, it presents itself as a cryptocurrency investment company based and regulated in New Zealand. However, the broker is not regulated by the FMA. In fact, the latter stated that Alliance Investment Limited is falsely holding out as being associated with a legitimate company, and warned that it has the hallmarks of a scam.
Doing business with unregulated brokers always involves significant risk of losing your entire investment. So, we always advise traders to avoid dealing with such, and always check whether the company is properly licensed by the respective governmental agency. It is also a good idea to google the broker’s name to see whether there are any regulatory earnings against it, and to go through some professional and user reviews.
>> Looking for a broker licensed by the NZ’s FMA? <<
| Broker | Country | Regulation | Platform | Min Deposit | Review |
|
US | CFTC, NFA | MT4, Web, in-house |
$50 | Review Website |
|
US | NFA, CFTC | MT4 | $250 | Review Website |
|
Cyprus, UK, Mauritius | CySec, FCA, IFSC | MT4, MT5, Web | $10 | Review Website |
|
Cyprus, Australia | CySec, ASIC | MT4, Web, Mobile app |
$100 | Review Website |
|
Australia | ASIC | MT4, MT5, IRESSTrader |
$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 |
|
Cyprus, UK, South Africa, UAE | CySec, FCA, FSCA, DFSA | MT4, MT5, Web | $5 | Review Website |
|
Cyprus, UK | CySEC, FCA | MT4, MT5 | $1 | Review Website |
|
Australia | ASIC | MT4, MT5 | $100 | Review Website |
|
UK | FCA | MT4, Web, MT4 for Mac |
$100 | Review Website |
The Dutch financial regulator AFM announced its plans to make the product intervention measures of the European Securities and Markets Authority (ESMA) permanent. Read more
Germany’s federal financial supervisory authority (BaFin) warned against Wise Banc and ordered it to cease offering cross-border proprietary trading services to German investors.
A brief review of the broker’s website (www.wisebanc. Read more
The Financial Conduct Authority (FCA) has recently updated its warning list with unregulated brokers CryptoExp, CapitalXP, and 4XFX. According to the regulator, these brokers have been providing financial services or products in the UK without its authorization. Read more
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The Australian Securities and Investments Commission (ASIC) made an official statement, warning local forex brokerages to be careful not to break any overseas laws while offering OTC derivatives to retail investors in Europe and other overseas jurisdictions. Read more
The Comision Nacional del Mercado de Valores (CNMV) has updated its warning list with BrokerYard, Capital245, CryptoEU, Pepperdyne, and UproFX, among others, earlier this week. Read more
UK’s financial markets and services regulator, the Financial Conduct Authority (FCA), blacklisted unregulated forex and binary options broker Hope Area on Monday.
“This firm is not authorised by us and is targeting people in the UK. Read more
The Austrian Financial Market Authority (FMA) blacklisted unregulated brokers EZCryptoplace and TradeToro earlier this week. Read more
The Belgian Financial Services and Markets Authority (FSMA) issued an official notice on Tuesday, warning the public against www.bearsmarkets.com, and several others unregulated websites. Read more
Unregulated forex brokers London Capital Trade, Grand Fx Pro, and CfdPremium have been the latest additions to the warning list of the Commissione Nazionale per le Societa e la Borsa (CONSOB). Read more
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