Austria’s FMA Updates Blacklist, Adds Carter Financial Services

It’s been a busy week for financial regulators, with agencies from Belize, the United Kingdom and now Austria posting warnings on their websites. One of those warnings come from the Austrian Financial Market Authority (FMA) which has published a message about Carter Financial Services this Thursday.

Specifically, the FMA said that Carter Financial Services: “is not entitled to carry out banking transactions in Austria that require a licence. The provider is therefore neither permitted to trade on a commercial basis on its own account or on behalf of others (Article 1 para. 1 no. 7 BWG).”

The Austrian watchdog has provided the following URL as attached the entity - www.carterfs.com. Following this address, one is taken to a company which claims to offer trading in a variety of assets - foreign Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term (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), commodities, stocks, indices and more.

On its website, the entity states its vision as: “CarterFS was established as a way for traders to invest in Forex on a platform that is easy to use. It is our goal to make the trading process as simple and profitable as possible."

“Your success is a testament of our commitment to any investor who chooses to trade with CarterFS. That is why we strive to provide you with an expanding asset selection, dedicated support and personal assistance.”

Belize Regulator Warns Against Peak Options Trade

Already today, Finance Magnates has reported about one other suspected financial scams. The International Financial Services Commission (IFSC) posted a warning against Peak Options Trade Ltd, for operating without the proper authorization.

Specifically, the regulator states that the entity is “not licensed under the IFSC Act to provide, carry on, transact, or hold himself out as providing, carrying on, or transacting any of the international financial services as set out in the Schedule of the IFSC Act in or from within Belize.”