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WIKIFX REPORT: FSCA warns the public against Invest Markets and 24Option.com
Abstract：The Financial Sector Conduct Authority (FSCA) warns the public to be cautious when doing any financial services business with Invest Markets and 24Option.com which are not authorised to give any financial advice or render any intermediary services in terms of the Financial Advisory and Intermediary Services Act, 2002 (FAIS Act).
The Financial Sector Conduct Authority (FSCA) warns the public to be cautious when doing any financial services business with Invest Markets and 24Option.com which are not authorised to give any financial advice or render any intermediary services in terms of the Financial Advisory and Intermediary Services Act, 2002 (FAIS Act).
The FSCA has received complaints from members of the public against Invest Markets and 24Option.com. According to the websites of Invest Markets and 24Option.com, it appears that they are based in Belize, providing trading platforms that offer trading in Forex, Contract for Difference (CFDs) derivatives, as well as cryptocurrencies.
The FSCA points out that for a company to offer CFD trading and forex trading in South Africa, it must be licensed to do so by the FSCA. It therefore appears that these two platforms are conducting unregistered financial services business, which is unlawful.
The website of Invest Markets states the following: “This website (www.investmarkets.com/international) is operated by Arvis Capital Limited, a Belize investment firm, authorised and regulated by the International Financial Services Commission of Belize…” Of importance is that Invest Markets and 24Option.com still requires South African licences to operate locally.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
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KUBERA MARKETS Payout & Withdrawal Issues — What Traders Are Saying
Did you fail to receive payouts from KUBERA MARKETS despite successfully passing the trading challenge? Failed to log in to the trading account despite passing both the evaluation and funded phase? Were you surprised by the sudden nominal fee norm to receive a funded account? Did you have to go through a long withdrawal process? We have investigated these user claims while preparing this KUBERA MARKETS review article. Keep reading!
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BelleoFX Review: Allegations of Controversial Profit Cancellations & Account Closure
Have your past good experiences been marred by recent cases of profit cancellations by BelleoFX, a Mauritius-based forex broker? Has your trading account been blown away by the broker’s official upon your refusal to deposit more? Did the broker’s official tell you to deposit more, even if the earlier attempt turned unsuccessful? Did the high-return promise fall flat on the ground? In this BelleoFX review article, we have investigated these allegations. Take a look!
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Is Dbinvesting Real or Fake: A Simple Check to See if This Trading Company Can be Trusted
When a trading company like Dbinvesting shows up and says it's an experienced partner with great deals like high leverage up to 1:1000 and different account types, it gets people's attention. But this appeal gets clouded by more and more serious complaints from users. This creates a big problem for people thinking about investing. The main question that needs a clear answer based on facts is: Is Dbinvesting legit, or is it a clever scam that could cause you to lose a lot of capital? This investigation wants to give you that answer. We will look past the company's marketing claims to study facts we can check. Our study will carefully look at the main worries: Is Dbinvesting watched over by a trustworthy authority? What are the real, honest experiences of people who used it? Are the many reports about withdrawal problems and Dbinvesting scam claims believable? To do this, we will use solid data from third-party checking services, such as WikiFX, including their complete regulatory check
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