Belize’s IFSC Flags Real Markets Over False License Claims

The International Financial Services Commission of Belize (IFSC) ‎today issued a warning stating that a company calling itself Real Markets Ltd, which operates under the trading name RealMarketsLive, is falsely claiming to hold International Business Company registration in Belize.

Register now to the London Summit 2017, Europe’s largest gathering of top-tier retail brokers and institutional FX investors

[gptAdvertisement]

The Belize financial watchdog said that this broker is not actually licensed by the commission ‎or any other competent authority in the country.

The update was released by IFSC Director General Claude B. F. Haylock, who ‎‎said persons concerned should exercise extreme caution as the ‎‎aforementioned entity is fraudulently claiming to hold a trading licence in financial and commodity-based derivative instruments and other securities.‎

As of the time of publication, Real Markets has taken down all website pages and its portal link only leads to the member login page. It’s not clear if the site was taken down as a result of the warning.

Finance Magnates reported on Belize’s financial services regulator back in February when it revealed plans to begin the enforcement of new capital requirements for registered derivatives brokers. The step comes nearly 14 months after the issuance of the Licensing Amendment Regulation Regulation Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Read this Term in late 2015.

The commission said in a circular to stakeholders that all companies holding a license for trading in financial and commodity-based derivative instruments and other securities or a license for trading in foreign exchange must provide evidence of a capital increase of up to 500,000 US dollars.

The increase concerns brokers of 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, options, futures, contracts for differences (CFDs), shares, stocks and interest rates. Prior to the hike, the minimum required capital was $100,000.