Linq Capital makes it onto the caution list of another European regulator.
It claims to be registered in a city that doesn't exist.
The Spanish
financial market regulator updated its warning list on Monday, adding ten new
entities. One company in particular draws attention, as this is not the only
warning it has received in recent months.
Linq Capital Added to
CNMV's Warning List
On May 27,
the Spanish National Securities Market Commission (CNMV) added ten new entities
to its warning list, including Linq Capital, which offers FX/CFD trading with a
surprisingly high leverage of 1000:1.
Source: CNMV
The company
claims to be registered in the UK, and its representatives allegedly suggest
through cold calling that it holds regulations from popular European
supervisory commissions.
BaFin had
warned that it operates without the necessary regulations. Everything indicates that Linq Capital is not regulated in Germany, Spain, or, most likely, in any other jurisdiction.
“According
to CNMV records, these institutions are not registered in the corresponding
registry of this Commission and, therefore, are not authorized to provide
investment services or other activities subject to the CNMV’s supervision,”
commented CNMV.
The fake
address of the company's main headquarters suggests that its business model is
a potential fraud.
Recent Regulatory Actions
A week ago,
the German market watchdog has issued another warning, regarding the website
pepperstone.vip, a clone of retail broker Pepperstone GmbH. CNMV flagged
similar clone of the Pepperstone FX/CFD brokerage back in 2023.
In the
meantime, BaFin imposed EUR 9.2 million fine on neobanking company N26 due to
deficiencies in reporting suspicious activities in 2022.
Finance
Magnates last reported on the newest CNMV’s actions few months ago, when the
Spain regulator issued alert on 18 unregiestered investment firms, including a
mix of FX/CFD and crypto services providers.
The Spanish
financial market regulator updated its warning list on Monday, adding ten new
entities. One company in particular draws attention, as this is not the only
warning it has received in recent months.
Linq Capital Added to
CNMV's Warning List
On May 27,
the Spanish National Securities Market Commission (CNMV) added ten new entities
to its warning list, including Linq Capital, which offers FX/CFD trading with a
surprisingly high leverage of 1000:1.
Source: CNMV
The company
claims to be registered in the UK, and its representatives allegedly suggest
through cold calling that it holds regulations from popular European
supervisory commissions.
BaFin had
warned that it operates without the necessary regulations. Everything indicates that Linq Capital is not regulated in Germany, Spain, or, most likely, in any other jurisdiction.
“According
to CNMV records, these institutions are not registered in the corresponding
registry of this Commission and, therefore, are not authorized to provide
investment services or other activities subject to the CNMV’s supervision,”
commented CNMV.
The fake
address of the company's main headquarters suggests that its business model is
a potential fraud.
Recent Regulatory Actions
A week ago,
the German market watchdog has issued another warning, regarding the website
pepperstone.vip, a clone of retail broker Pepperstone GmbH. CNMV flagged
similar clone of the Pepperstone FX/CFD brokerage back in 2023.
In the
meantime, BaFin imposed EUR 9.2 million fine on neobanking company N26 due to
deficiencies in reporting suspicious activities in 2022.
Finance
Magnates last reported on the newest CNMV’s actions few months ago, when the
Spain regulator issued alert on 18 unregiestered investment firms, including a
mix of FX/CFD and crypto services providers.
Damian's adventure with financial markets began at the Cracow University of Economics, where he obtained his MA in finance and accounting. Starting from the retail trader perspective, he collaborated with brokerage houses and financial portals in Poland as an independent editor and content manager. His adventure with Finance Magnates began in 2016, where he is working as a business intelligence analyst.
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FX and CFDs in Africa: Key Industry Trends | FMAS:24
FX and CFDs in Africa: Key Industry Trends | FMAS:24
As Africa joins the global financial markets, its unique economy fuels forex and CFD trading innovation. Discover growth drivers: tech advancements, regulations, and increased financial education for African traders. See how these factors enhance trading accessibility, transparency, financial inclusion, and opening new investment opportunities. Learn about the digital transformation's impact on trading –the role of technology, social platforms, and automated systems in democratizing market access.
SPEAKER: Christoforos Panagiotou, Africa Regional Manager at Fxview @Fxview
#fmas #fmas24 #fmevents #financemagnates #fintech #technology #onlinetrading #forex #investing #investors
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As Africa joins the global financial markets, its unique economy fuels forex and CFD trading innovation. Discover growth drivers: tech advancements, regulations, and increased financial education for African traders. See how these factors enhance trading accessibility, transparency, financial inclusion, and opening new investment opportunities. Learn about the digital transformation's impact on trading –the role of technology, social platforms, and automated systems in democratizing market access.
SPEAKER: Christoforos Panagiotou, Africa Regional Manager at Fxview @Fxview
#fmas #fmas24 #fmevents #financemagnates #fintech #technology #onlinetrading #forex #investing #investors
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates.
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Asset Allocation & Trading in a Lower Interest Rate Environment | FMAS:24
Asset Allocation & Trading in a Lower Interest Rate Environment | FMAS:24
Traditional investment paradigms shift in a lower interest rate environment, compelling investors to reassess their asset allocation and trading strategies. This scenario prioritizes diversification beyond conventional bonds and equities. Investors should adapt by seeking assets with the potential for higher yields, considering global markets, and employing dynamic trading strategies that leverage short-term market fluctuations, all while managing risk more meticulously to safeguard returns.
SPEAKER: Roger Eskinazi, Managing Partner at Tickmill South Africa
#fmas #fmas24 #fmevents #financemagnates #fintech #technology #onlinetrading #forex #investing #investors
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates.
Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
🎥 TikTok: https://www.tiktok.com/@fmevents_official
▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage.
Subscribe to our YouTube channel for more!
Traditional investment paradigms shift in a lower interest rate environment, compelling investors to reassess their asset allocation and trading strategies. This scenario prioritizes diversification beyond conventional bonds and equities. Investors should adapt by seeking assets with the potential for higher yields, considering global markets, and employing dynamic trading strategies that leverage short-term market fluctuations, all while managing risk more meticulously to safeguard returns.
SPEAKER: Roger Eskinazi, Managing Partner at Tickmill South Africa
#fmas #fmas24 #fmevents #financemagnates #fintech #technology #onlinetrading #forex #investing #investors
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates.
Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
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Don't miss out on our latest videos, interviews, and event coverage.
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