Hong Kong financial regulator warning against FXUM and Momentum FX.
By Eric on Thursday,
The Securities and Futures commission (SFC), is Hong Kong’s financial regulator. Hong Kong financial regulator SFC warning against FXUM and Momentum FX. which features the names of companies that are unlicensed in Hong Kong and are believed to be, or to have been, targeting Hong Kong investors to have an association with Hong Kong.
The unauthorized broker has been added to Hong Kong watchdog’s blacklist on the 2nd of June 2016. SFC Alert List are Central Option, a binary options broker which apparently lists on its website a Hong Kong address.
Warning against FXUM.
Union markets Limited, also known as FXUM, was added to the alert list of SFC. The firm is also correlated with Singloworld HK Pte Limited, another red-flagged broker. Union Markets Limited which operates website fxum.com. The company is apparently associated with Singliworld HK Pte Limited.
Warning against Momentum FX
Momentum FX, or also commonly known as Momentum Management Limited, is an online Forex broker which falsely claims to be in Hong Kong.
Source: Hong Kong financial regulator (sfc).