de | cn | ru
Forex

Market News

Spain's CNMV warns of Cursodeforex trading signals provider

 Spain's financial markers and services providers regulator CNMV has issued a warning against the trading signals provider Cursodeforex.es.


 

According to the watchdog, the company is not authorised to provide investment, which include investment advice, or to provide the auxiliary services in relation to financial instruments including, foreign currency transactions.


 

It appears that Cursodeforex offers trading signals for binary options trading, for a fee. Additionally, there are educational courses on trading and a social trading platform. It does not become clear which is the partnering broker, nor there is any regulatory information.


 

Often such unlicensed providers of trading signals and robots are a scam, so we advise our readers to avoid them.


 

It is always less risky to deal with properly licensed financial services providers. Of course, some regulation is better than other. The offshore regulators, for instance, are generally lax. UK's FCA, however, is a very strict one, so dealing with companies under its supervision is safer.

 

 

TAGS: spain  cnmv  cursodeforex  warning 

Related forex news

Forex
Broker Country Regulation Platform Min Deposit Review
Cyprus CySec MT4, MT5, Web $5 Review Website
Cyprus, Australia CySec, ASIC MT4, Web $100 Review Website
UK, Cyprus, Hong Kong FCA, CySEC, SFC MT4, Web,
PrimeTrader
$100 Review Website
UK, Cyprus FCA, CySec MT4, MT5 $5 Review Website
UK, Australia FCA, ASIC MT4, Trading
Station,
NinjaTrader
$50 Review Website
UK, Australia, Singapore FCA, ASIC, MAS, BaFin MT4, Web,
ProRealTime,
2Dealer
$0 Review Website
UK, Cyprus, UAE, South Africa FCA, CySEC, DFSA, FSB MT4, MT5, FxPro
Markets,
cTrader
$100 Review Website
Belize IFSC MT4, MT5 $100 Review Website
Cyprus CySec MT4, Web, Gwasy $100 Review Website
Belize IFSC MT4, MT5, Web $1 Review Website
Cyprus CySEC in-house mobile
app
$50 Review Website
Seychelles FinaCom MT4, Web $10 Review Website

More Forex Market News

UK’s FCA warns of cryptocurrency CFDs risks

Nov 15 2017 09:20:11

UK’s financial markers and services providers regulator, the Financial Conduct Authority (FCA), has warned consumers of the risks of trading in cryptocurrency CFDs and noted they are “extremely high-risk, speculative products”. Read more

UK’s FCA to regulate binary options brokers from 2018

Nov 15 2017 08:06:00

 UK’s Financial Conduct Authority (FCA), which is in charge of the financial markets and financial services providers in the country, including forex and CFD brokers, announced that from January 3, 2018 it is taking over the regulation of the binary options brokers, as well. Read more

Germany’s BaFin warns of risks of ICOs

Nov 10 2017 14:22:01

Germany’s financial markets and services regulator BaFin became the latest national regulator to warn of the risks of the initial coin offerings (ICOs). Read more

Forex

India upholds hostile stance on Bitcoin

Nov 08 2017 15:16:57

S. Ganesh Kumar, a director of the Reserve Bank of India (RBI), the country’s c-bank and main financial regulator, said that the country would not recognize the Bitcoin or any other cryptocurrency as a legal tender. Read more

CONSOB warns of FxIBA, TradersPrime forex brokers, OptionInt binaries broker

Nov 08 2017 13:45:29

Italy’s financial markets and services provider regulator CONSOB has updated its list of forex and binary options brokers who are not licensed to operate in Italy with two new additions. The first one is the forex brokerage FxIBA, owned by IBA Group Ltd. Read more

Forex affiliate portal Investoo buys Bitcoinmag.de crypto site

Nov 07 2017 14:06:52

Investoo Group, a London-based forex affiliate marketing business, has acquired Bitcoinmag.de – leading German cryptocurrency portal, thus expanding its reach into the DACH (Germany, Austria and Swizerland) market, said the company.   The sum of the deal was not disclosed. Read more

Japan mulls cutting OTC forex leverage to 1:10 – media

Nov 06 2017 15:09:31

The Japanese Financial Services Agency, which among other things regulates the activities of the Japanese OTC forex brokerages, is mulling to cut the max leverage offered to retail clients to 1:10, reports the site Finance Magnates, quoting own sources. Read more

CONSOB warns of 10brokers, Gallant Finance, CMB, Lockwood, FXTrade777 forex brokers

Nov 03 2017 15:10:34

 Italy’s financial markets and services providers regulator CONSOB has issued a warning against five forex brokerages: 10brokers, Gallant Finance, Capital Markets Banc, Lockwood and FXTrade777. Read more

India to crack down on local bitcoin exchanges

Nov 03 2017 09:49:39

The Indian government is considering the closure of the local cryptocurrency exchanges in an attempt to curb money laundering, reports the Indian news outlet The Economic Times. Read more

Switzerland’s FINMA warns of forex brokers ECN Capital, Swiss Magnates

Oct 31 2017 13:46:46

 The financial markets and services providers regulator of Switzerland – FINMA – has warned of two unregulated forex brokers – ECN Capital and Swiss Magnates. Read more

Forex
de | cn | ru