ASIC again issued warning two new brokers FM trader and RTG Direct trading.
By Eric on Thursday,
The Australian financial regulator has issued a warning regarding FM merchant Ltd. ASIC again issued warning two new brokers the last update of the ASIC warns FM Trader and RTG Direct commercialism.
The Australian Securities and Investment Commission, ASIC issued warning on two brokers FM trader and RTG Direct trading. The Australian Securities and Investment Commission (ASIC) has red-flagged two new brokers.
The FM Trader web site lists it as a marking of Terapad services LTD still entity isn’t licensed in Cyprus on CIF, according to the data within the of Exchange Commission (CySEC) and values of Cyprus.
And The second warning was against RTG Direct Trading Ltd, which uses the address rtgtrading.com and purports to have a United Kingdom address at 20-22 Wenlock Road London UK N1 7GU. ASIC in its warning about this company that could even be concerned in an exceedingly scam, and that the general public mustn’t influence this business as you have got a driver license in Australia.
ASIC warns potential investors to be careful and strongly advises to deal solely with firms with an adequate license for providing financial services at intervals the world. If the person invests money with an unauthorized/unlicensed entity, his/her losses will not be covered by the compensations schemes.