CNMV Issues Warnings Against GSI Markets, Top4fx.com

Spanish regulator Comision Nacional del Mercado de Valores (CNMV) has issued two separate warnings regarding the unauthorized operations of trading firms GSI Markets and Top4fx. Top4fx is a Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term and CFDs brokerage, and GSI Markets offers binary options trading.

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The Spanish regulator has further alerted local traders of the companies’ subsidiaries. Top4fx could be soliciting clients as 'Shortline Consultants Limited' and 'FX Group International Ltd.' The CNMV further warns against Stocks Forex High Level S.L. and D. Jose Luis Flores Garcia, which are also involved with Top4fx. GSI Markets has three subsidiaries - Media Soft Limited, Netsoft Limited, and Netmedia Markets OU.

The Online Trading Online Trading Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Read this Term companies and their subsidiaries have not registered with the Spanish regulatory body, and any and all operations they may be running are in violation of Spanish law.

Additionally, this is not GSI Markets’ first run-in with the regulatory authorities. Just a week ago, British regulatory body the Financial Conduct Authority (FCA) issued its own warning against the binary options broker. According to the alert, GSI Markets had been running an unauthorized operation that included illegally soliciting clients and offering financial services.

In June, the CNMV alerted traders regarding Wing Pegasus S.L. and D. Ricardo Cáscales Monge for approaching clients with offers of trading environments without receiving the regulatory green light.

Earlier this month, the Spanish regulatory authority issued warnings against four forex and binary options online trading companies for operating sans registration. The CNMV’s alerts named Neo Trade Global Investments Ltd., Bali Limited, White Sea Limited, and AI Operator Artificial Intelligence Finance.