Belize’s IFSC Warns Against Unregulated Firm Due to Forged License

Belize’s financial watchdog (IFSC) ‎today warned investors that GNT Group Limited, which operates under the trading name GNTFX, is falsely claiming to hold International Business Company registration in Belize while not actually licensed by the commission ‎or any other competent authority in the country.

Not only did the broker approach clients without having been authorized by the Belizean ‎regulator, but it further falsely claims an office at the Marina Towers in Belize City, Belize C.A.‎

Due to the illegal nature of its conduct, the online foreign exchange trading firm has been ‎instructed by the IFSC to cease and desist from providing financial services and engaging in ‎finance-oriented activities. Offering such services in this manner is a violation of the law in ‎Belize.‎

Traders are strongly advised against signing up with, funding an investing account at, or ‎receiving any financial services or advice from this brokerage. The IFSC advises that clients ‎exercise extreme caution when they encounter this company.‎

A few weeks ago, the Belizean financial watchdog warned traders against LittInvest LTD, which operates through the website www.littinvest.com. It had been falsely claiming to ‎be licensed by the IFSC. 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 company was soliciting 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, CFDs, stocks, indices, ‎and commodities trading to local clients.‎

The Belizean regulatory body has also alerted locals that ICON Markets Ltd is no longer licensed by the regulator, as they too had been approaching the public and offering them financial ‎services without the mandatory license.‎