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New Forex brokers on the French black list

New Forex brokers on the French black list

created Paweł Mosionek27 Września 2017

Autorité des marchés financiers (AMF), or the French financial control commission, released a list of warnings regarding as many as five Forex brokers yesterday. According to the announcement, the companies mentioned below provide CFD / Forex services to French residents without having appropriate licenses to conduct such activities.

Be sure to read: 5 features a secure Forex broker

Suspicious entities:

  • www.1875-financeinvest.com / 1875 FINANCE INVEST
  • www.londonbcapital.com / LONDON B CAPITAL
  • www.fxandco.com / GLOBE AND CO. LTD
  • www.startmarkets.com / STARTMARKETS
  • www.cbre-securityplace.com/ CBRE-SECURITYPLACE

The Commission explicitly recommends that when selecting a broker, always check whether the company is on the list of licensed entities Bank of France and/ or Orias.

It is also worth adding that all brokers from the list on their websites do not inform about having any regulations from other countries of the world, and the level of performance of websites leaves much to be desired. This may indicate an attempt of public fraud under the cover of the Forex industry.

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About the Author
Paweł Mosionek
An active trader on the Forex market since 2006. Editor of the Forex Nawigator portal and editor-in-chief and co-creator of the ForexClub.pl website. Speaker at the "Focus on Forex" conference at the Warsaw School of Economics, "NetVision" at the Gdańsk University of Technology and "Financial Intelligence" at the University of Gdańsk. Twice winner of "Junior Trader" - investment game for students organized by DM XTB. Addicted to travel, motorbikes and parachuting.