Spanish CNMV warns against BelforFX.
By Johan on Wednesday,
The CNMV warns against many domains together with that of BelforFX.com. Spanish CNMV warns against BelforFX. Spain’s securities regulator CNMV updated its list of public warnings by adding the signature of the BelforFX currency (Forex) broker.
Spain’s financial regulator CNMV has place currency brokers BelforFX and FX iSocial wishlist financial service providers unregulated. BelforFX provides addresses within the capital of the Balkan state, Sofia, the Caribbean island of Anguilla, the Seychelles, and London. BelforFX additionally claims to have many directions: in the Balkan state, within the Seychelles and Anguilla. Foreign exchange (Forex Trading), CFDs, stock indices and precious metals are a unit provided. The platform is MetaTrader 4. No info regulation has been found on the website of the corridor.
The company is working through www.belforfx.com, with the Spanish regulator mentioning a new website within the warning – www.isocialfx.com. The latter belongs to a social network of investment related to BelforFX.
The CNMV isn’t the first such regulators to issue a stern warning against forex broker agencies. New Zealand’s financial Market Authority (FMA) additionally recently warned the public of the firm WGM group limited (formerly Belfor Capital Limited) trading as BelforFx. Kind of like the CNMV BelforFx warning, a few month past, the FMA issued a warning on a similar BelforFx. Aside, the FMA reported receiving complaints from customers about on BelforFx, in more detail the complaints area unit of the real fact that the corridor to come back to its customers.
The Spanish CNMV notes that BelforFX and iSocial don’t seem to be allowed to produce any investment service, together with Forex transactions, in Spain. A website review Belforfx shows an organization with multiple operations, together with in Europe, and with services provided by Fisecorp limited.
Forex Fog Team reached out to the fee number listed on the company’s web site around the time of publication, however, was unable to achieve anyone. It’s not clear whether the company continues to be working.