Today, Spanish CNMV Binary Options broker warnings list was updated with four new names: Solidary Markets, ClickBanca, Stockscall and Financial Brokers Ltd. What do we know about these Binary Options brokers?
5 December, AtoZForex – Today, the Comisión Nacional del Mercado de Valores (CNMV) has warned the public against 4 Binary Options brokerages that have no license to provide investment services across Spain.
CNMV Binary Options broker warnings
In each of the CNMV Binary Options Broker warnings, the regulator mentions that according to the Article 140 of Securities Markets Law, the listed companies mentioned has no authority to provide investment services.
Today, CNMV has cautioned public against Solidary Markets FX (“SMFX”) which operates via the website solidarymarkets.com. Solidary Markets NZ Ltd. claims to have the office in New Zealand, with the address Level 2, The Public Trust Building, 442 Moray Place, Dunedin 9016.
The second warning CNMV has issued is against the Binary Options brokerage Stockscall with the company name Bali Limited LTD. The firm operates through the website stockscall.com. Additionally, the firm's address is 1421 Sofia City, Sofia District, Bulgaria Lozenets, Bolgrad No.5.
Furthermore, another firm under the spotlight is ClickBanca. The fraudulent firm is operating via the website clickbanca.es, with the company name LMM Marketing Solutions LTD. Additionally, ClickBanca claims to have the office with the address Obelya 2, 200 Bl., Sofia 1326, Bulgaria.
Finally, CNMV also warns against Financial Brokers Ltd. One. The firm claims to be one of the best brokers in 2013 and guarantees a 100 percent return rate. Additionally, the firm runs the website fb-one.com. Also, the company claims to have the office with the address 22 Wenlock Rd, London N1 7TA, UK.
CNMV advise to investors
The CNMV warns Spain-based investors about the risk while dealing with unregulated brokers. CNMV states that investing through companies with no authorization can imply a high risk of suffering capital losses. Moreover, such entities operate away from the controls by supervisory authorities.
To prevent this, the CNMV and other regulators publish warnings against companies with no authority to provide investment or any financial services. Earlier this year, CNMV has issued a warning against Your Trade Choice. The firm was offering a range of products and services of trading without authorization. CNMV Your Trade Choice warning outlined that the company does not possess any authority to solicit to Spanish investors or provide any investment services or advice.
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