French Regulator Warns Against Four Unregulated Forex Firms

Monday, 30/05/2016 | 12:46 GMT by Finance Magnates Staff
  • France's AMF and ACPR warn the public against doing business with these companies.
French Regulator Warns Against Four Unregulated Forex Firms
Finance Magnates

France’s financial markets regulators, the Autorité des Marchés Financiers (AMF) and the Autorité de Contrôle Prudentiel et de Résolution (ACPR), today published a list of websites and entities offering investments on the unregulated Forex market in France, without authorisation to do so.

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The following firms are the latest addition to the list:

www.fxsep.com/SEP Global Ltd

www.marketct.com

www.valtechfx.com/ValtechFX Global Solutions Ltd

www.citybankcfd.com/City Bank CFD

The entities listed above offer their clients a variety of forex services which they do not have the authorisation to provide. It is a popular practice amongst such firms to lure in potential customers with promises of quick profits on the financial markets. Such entities rarely offer appropriate warnings to their clients regarding the inherent risks related to engaging in transactions on the market.

The AMF and ACPR have highlighted the importance of checking that the financial intermediary offering or recommending investments features on the list of financial institutions authorised to do business in France. They are listed at www.regafi.fr.

A list of all unauthorised websites offering investments on the unregulated foreign Exchange market is available on the AMF’s website.

France’s financial markets regulators, the Autorité des Marchés Financiers (AMF) and the Autorité de Contrôle Prudentiel et de Résolution (ACPR), today published a list of websites and entities offering investments on the unregulated Forex market in France, without authorisation to do so.

The new world of online trading, fintech and marketing - register now for the Finance Magnates Tel Aviv Conference, June 29th 2016.

The following firms are the latest addition to the list:

www.fxsep.com/SEP Global Ltd

www.marketct.com

www.valtechfx.com/ValtechFX Global Solutions Ltd

www.citybankcfd.com/City Bank CFD

The entities listed above offer their clients a variety of forex services which they do not have the authorisation to provide. It is a popular practice amongst such firms to lure in potential customers with promises of quick profits on the financial markets. Such entities rarely offer appropriate warnings to their clients regarding the inherent risks related to engaging in transactions on the market.

The AMF and ACPR have highlighted the importance of checking that the financial intermediary offering or recommending investments features on the list of financial institutions authorised to do business in France. They are listed at www.regafi.fr.

A list of all unauthorised websites offering investments on the unregulated foreign Exchange market is available on the AMF’s website.

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