IFSC Updates Blacklist, Adds Unauthorized Firm GANN MARKETS

You’re not alone if you feel that the scams within the foreign exchange (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) and cryptocurrency industries are never-ending. Just this week the International Financial Services Commission (IFSC) of Belize has warned against another entity it deems as suspicious.

On Wednesday, the Belize regulator warned against GANN MARKETS CORP which operatives via the URL https://gannmarkets.com and is fraudulently claiming to have the following license number IFSC/60/152/TS/19, the regulator stated.

Furthermore, the watchdog states that the company is not: “authorised under the IFSC Act to provide, carry on, transact, or hold itself 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.”

On the website, GANN MARKET CORP claims to provide investment assistance to investors in Turkey and surrounding countries wanting to trade forex, Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term, commodities, and stocks.

“GANN Markets, inspired by the three pillars of GANN theory for the investors, was founded in 2018 to provide top notch service by bringing you the best prices, in the best and fastest timing and the most accurate technical analysis support that ensures you get the highest quality of service there is,” the website claims.

On its website, the entity offers different trading accounts, including trading via MetaTrader 4. The different accounts include a variable account, fixed account, swap-free account, and scalper account.

IFSC directs GANN MARKETS to cease and desist

“The promoters and/or owners GANN MARKETS CORP. are therefore directed to cease and desist from engaging in the said unlicensed activities, which constitute an offence under the Laws of Belize,” the IFSC said in the warning.

Furthermore, the regulator cautions consumers when dealing with the abovementioned entity, urging them to conduct proper due diligence prior to engaging in a business relationship with the company.