New entities flagged for lacking investment service licenses.
Regulators like FCA, SFC, and FSC stay active, updating warning lists daily.
Although
the holiday and New Year's break is just around the corner, financial market
regulators remain exceptionally active. This can be seen in the number of
warnings published by popular watchdogs.
During
today's (Wednesday) session, the warning list was updated by the
UK Financial Conduct Authority (FCA), the Hong Kong Securities and Financial
Commission (SFC) and the Mauritius Financial Services Commission (FSC), among others.
Long List of Warnings from
FCA
On 20
December, as many as five entities were added to the FCA warning list,
including Ventures-Funds, Cryptolinkx, Universal Forex Trading, Premium Easy
Loan, and Safe Forex Trading. None of them have the appropriate licenses to
provide investment services in the UK.
However,
analyzing the FCA register, we see that the regulator made a major
update to its list two days earlier, on 18-19 December, adding about 50 new
entities. These are mostly companies that offer either cryptocurrency services
or FX/CFD trading.
The warning
list of the Mauritius FSC includes the FX Future entity, which falsely claims
to be authorized, impersonating the license of another entity, Benor Capital
Ltd.
"The
FSC wishes to inform the public that Benor Capital Ltd has no association in
any manner with FX Future and further highlights that FX Future and/or any
other individuals or representatives or promoter groups operating under such
name are not and have not, at any point in time, been licensed and/or regulated
by the FSC," the regulator commented in an official statement.
At the same
time, it recommends particular caution when dealing with FX Future.
Some time
ago, the regulator warned against Match CFD, which falsely claimed to have
a full broker-dealer license.
Two New Entities on SFC's
Warning List
Meanwhile,
Hong Kong's SFC added LonShiX and Bitbank (Global) Financial Holding Group to
its warning list. The first encourages people to open investment accounts
through social platforms and instant messaging. The second uses a name
deceptively similar to the popular cryptocurrency exchange, although it is not
related to it in any way.
"The
SFC also suspects that Bitbank (Global) Financial Holding Group may have
disseminated false and misleading information about itself and its business
through online channels, including its website and social media platforms,
claiming that it has obtained SFC licences and begun to apply for a virtual
asset service provider's licence," the SFC informed and at the same time
warned that it has not issued a license to this entity.
Yesterday (Tuesday),
the Cypriot CySEC updated its warning list, adding 12 unlicensed
investment websites.
Although
the holiday and New Year's break is just around the corner, financial market
regulators remain exceptionally active. This can be seen in the number of
warnings published by popular watchdogs.
During
today's (Wednesday) session, the warning list was updated by the
UK Financial Conduct Authority (FCA), the Hong Kong Securities and Financial
Commission (SFC) and the Mauritius Financial Services Commission (FSC), among others.
Long List of Warnings from
FCA
On 20
December, as many as five entities were added to the FCA warning list,
including Ventures-Funds, Cryptolinkx, Universal Forex Trading, Premium Easy
Loan, and Safe Forex Trading. None of them have the appropriate licenses to
provide investment services in the UK.
However,
analyzing the FCA register, we see that the regulator made a major
update to its list two days earlier, on 18-19 December, adding about 50 new
entities. These are mostly companies that offer either cryptocurrency services
or FX/CFD trading.
The warning
list of the Mauritius FSC includes the FX Future entity, which falsely claims
to be authorized, impersonating the license of another entity, Benor Capital
Ltd.
"The
FSC wishes to inform the public that Benor Capital Ltd has no association in
any manner with FX Future and further highlights that FX Future and/or any
other individuals or representatives or promoter groups operating under such
name are not and have not, at any point in time, been licensed and/or regulated
by the FSC," the regulator commented in an official statement.
At the same
time, it recommends particular caution when dealing with FX Future.
Some time
ago, the regulator warned against Match CFD, which falsely claimed to have
a full broker-dealer license.
Two New Entities on SFC's
Warning List
Meanwhile,
Hong Kong's SFC added LonShiX and Bitbank (Global) Financial Holding Group to
its warning list. The first encourages people to open investment accounts
through social platforms and instant messaging. The second uses a name
deceptively similar to the popular cryptocurrency exchange, although it is not
related to it in any way.
"The
SFC also suspects that Bitbank (Global) Financial Holding Group may have
disseminated false and misleading information about itself and its business
through online channels, including its website and social media platforms,
claiming that it has obtained SFC licences and begun to apply for a virtual
asset service provider's licence," the SFC informed and at the same time
warned that it has not issued a license to this entity.
Yesterday (Tuesday),
the Cypriot CySEC updated its warning list, adding 12 unlicensed
investment websites.
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.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights
Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights
🎥Catch the best moments from the Finance Magnates Annual Awards Gala Dinner!
An evening where top names in finance came together to celebrate achievements, enjoy live music, and connect over a memorable dinner. Watch the highlights and feel the energy of our first gala in Cyprus!
Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi
For more information about the 1st Finance Magnates Annual Awards, visit https://bit.ly/3Zb7wNz
#FinanceMagnatesGala #IndustryExcellence #GalaHighlights #FinanceMagnatesAnnualAwards #FinanceMagnatesAwards #CelebratingSuccess #FinanceCommunity
🎥Catch the best moments from the Finance Magnates Annual Awards Gala Dinner!
An evening where top names in finance came together to celebrate achievements, enjoy live music, and connect over a memorable dinner. Watch the highlights and feel the energy of our first gala in Cyprus!
Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi
For more information about the 1st Finance Magnates Annual Awards, visit https://bit.ly/3Zb7wNz
#FinanceMagnatesGala #IndustryExcellence #GalaHighlights #FinanceMagnatesAnnualAwards #FinanceMagnatesAwards #CelebratingSuccess #FinanceCommunity
FMLS:24 | Shaping the Next Era of Financial Evolution
FMLS:24 | Shaping the Next Era of Financial Evolution
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
#fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech
📣 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
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▶️ 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!
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
#fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech
📣 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!