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Spain's CNMV warns of Cursodeforex trading signals provider

Sep 11 2017
By
Jonathan Smith

 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 

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