CNMV warning on Imperial Options and FXMarker


9 February, AtoZForex.com, Paris – Financial regulators are at it again! This time around it was Spain’s financial watchdog, the Comisión Nacional del Mercado de Valores (CNMV) that issued a public warning against two unlicensed companies offering services in the country. On Monday, February 8, the CNMV warnings were issued to Imperial Options (Landmark Trade Ltd.), and Green Investment House Corp., (FXMarker), whom operate under the domain name www.imperialoptions.com and www.fxmarker.com, respectively.

Imperial Options and FXMarker have become the latest addition to the watchdog’s list of Compañías sobre las que se advierte. Essentially warning the general public and potential investors that the companies are operating in an unregulated manner and do not posses the required license to offer any services whatsoever.

CNMV issues warnings

The CNMV warning on Imperial Options and FXMarker fall under its “non-authorized entities” section, and clearly states that the companies are not authorized to offer any financial or investment services in the country. When the watchdog takes legal action against such unlicensed companies, their status would be updated to the section below, “non-authorized entities for which administrative proceedings have started.”

The CNMV website for public warnings is as follows:

1. CNMV Public Warnings

a. Non-authorized entities

b. Non-authorized entities for which administrative proceedings have started

2. Public Warnings issued by Foreign Securities Regulators

a. Non-authorized entities

b. Other warnings

However, upon closer inspection, FXMarker website states its regulator, the International Financial Services Commission (IFSC) in Belize, under the license number IFSC/60/287/TS/16. Two offices are listed, one in Belize City and the second in Gibraltar. Some services offered include trading Forex, and Indices and commodities.

On the other hand, the CNMV warning on Imperial Options is due to the fact that the broker shows no sign of any financial regulators, even less a license. The website shows an address in the British Virgin Islands, and is present in numerous European cities; they focus on binary trading options.

In summary, it is strongly recommended to only invest with reputable companies that conspicuously display their regulator’s name and license number somewhere in the website. It is also recommended to familiarize yourself with the Forex market.

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