LV Grow Markets on the KNF's list of warnings

LV Grow Markets is another entity that has been put on the public list of KNF warnings. The first signals about the problems of clients who used the services of this broker appeared on ForexRev a year ago.

LV Grow Markets on the KNF list

LV Grow Markets has been on the FMA (Austrian regulator) warning list since 2019. On its website, it offers brokerage services in trading Forex and CFDs and shares through the MetaTrader 4 platform. The company boasts that its services have already been used by ... over 200 thousand. traders.

The reason for inclusion on the list of warnings is the notification regarding the suspicion of committing a crime under Art. 178 of the Act on Trading in Financial Instruments (conducting business in the field of trading in financial instruments without the required permit or authorization). The proceedings were initiated by the KNF Office and are conducted by the District Prosecutor's Office in Warsaw.

Company's data:

• Web page: www.lvgrowmarkets.com
• Name: Arrow Capital Ltd
• E-mail: support@lvgrowmarkets.com

11 warnings from Spain

The Spanish financial regulator, CNMV, placed on the list of warnings as many as 11 companies that operate without the required licenses and permits. Some names are confusingly similar to legitimate financial intermediaries, which was likely to knowingly mislead potential victims.

Entity list:

• AMP Global Markets - www.ampglobalfx.com
• Executive Pro Fx - www.executiveprofx.com
• Fine Capital - www.finocapital.io
• FXT Brokers - www.fxtbrokers.com
• Intertrades Fx - www.intertradesfx.com
• Poly Metal International Investment - www.polymetalinternationalinvestment.com
• you Capital - www.wam-capital.co
• EURO Fx - www.eurofx.trade
• Group Open BK - www.openbk-online.com
• Instagram Trading - www.insta-trading.com
• AMP Global Fx - www.ampglobalfx.com

FCA warns against Karroo-Capital

British regulator, Financial Conduct Authority (FCA), announced the listing of a broker called Karroo-Capital on the list of warnings. The company offers its services in the territory of the European Union and Great Britain and is not authorized to do so. Not only that, the FCA warns that Karroo-Capital is the so-called clone and using some of the data of another legally operating entity impersonates him.

Company's data:

• Name: Carroo Capital Limited
• Address: 91 Woodside, London, SW19 7BA, UNITED KINGDOM
• Web page: www.karroo-capital.com
• E-mail:pascal.lariviere@karroo-capital.com
• Phone: +33189160535

Official FCA message

BitStarMarkets blacklisted from Switzerland

FINMA, the regulator of the Swiss financial market, warns BigStarMarkets. This entity tries to provide its services in the Forex and cryptocurrency market by using a fake license number allegedly issued by FINMA.

Company's data:

• Address: Bleicherweg 21, 8002 Zurich
• Web page: www.bitstarmarkets.com

Official FINMA announcement

We warn against using the services of unlicensed companies. Before opening an account, always make sure it is correct the broker has the appropriate regulations and permits at the indicated financial market supervisory institution.