Back in January 2015, the French Watchdog Autorité des Marchés Financiers, commonly abbreviated as AMF, officially listed and warned the public of 56 financial entities within its jurisdiction of unregulated practices. In today’s announcement the French regulatory body has flagged another nine unauthorised financial firms that are active within its FX market, marking the 12th warning update of AMF in collaboration with the ACPR (Autorité de Contrôle Prudentiel et de Résolution).
The added nine unauthorized financial entites to AMF’s blacklist are listed below:
|Name of firm||Website|
|iTrade Capital Markets Ltdfirstname.lastname@example.org|
|Solution Capital Limitedemail@example.com|
|Strategie Solution Ltdfirstname.lastname@example.org|
|UBT Forex Ltd||www.ubtforex.com||General @ ubtforex.com|
AtoZ Forex Team recommends conducting business only with regulated financial firms
Our team strongly advice any investor to conduct business with ONLY financial entities that are authorized by a reputable Industry Regulator. Every eligible individual needs to check with the according regulatory watchdog for the chosen jurisdiction, such as ASIC, FCA, NFA and many others. It is highly recommendable, since every trader needs to know that the chosen entity or individuals they are planning to do business with are truly regulated and comply with the set regulations. In case of stumbling upon a firm that claims to be regulated, but you have found evidence otherwise, don’t hesitate and inform the corresponding regulator instantly.