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New Forex brokers on the list of warnings: KNF, FCA, IFSC, ASIC

New Forex brokers on the list of warnings: KNF, FCA, IFSC, ASIC

created Paweł MosionekApril 27 2018

Regulators have carried out spring cleaning among Forex brokers. In recent days, a total of x entities from four countries hit the list of warnings, and one of them has suspended a license to conduct brokerage activities.

Poland: Exbino

A well-known brand of options broker owned by Seymour BV registered in Curacao. The subject was placed on the black list of the Polish Financial Supervision Authority in connection with the suspicion of committing a crime under Art. 178 of the Act on Trading in Financial Instruments, i.e. conducting brokerage activities without the permission of the Polish Financial Supervision Authority.

Exbino keeps its website in Polish, and in the tab Contact you can find a contact phone with the area code for Warsaw. This clearly suggests that the broker's activity is targeted at Polish clients, while not being notified to the Polish Financial Supervision Authority and having any permits or licenses.


United Kingdom: 3 brokers

The British financial supervision, the Financial Conduct Authority (FCA), announced that as many as three entities were placed on the list of warnings at the same time. All three of them are focused on providing financial and investment services without the required permits.

Capzone Invest Ltd t / a HQ Broker

  • Address: 7 / F, Low Block, Grand Millennium Plaza, 181 Queen's Road Central, Hong Kong
  • Phone852 5808 4980 020 3493 2950 020 3450 2729 020 3995 1037 020 3757 8469
  • Email: support@hqbroker.com
  • Domain: https://www.hqbroker.com/

Delta Capital Markets / ADT Group Ltd

  • Address: 86-90 Paul street London, EC2A 4NE
    145-157 St John Street, London, England, EC1V 4PW
    ADT Group, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands MH96960
    Axium Corporate 43 The Bowls, Chigwell, Essex IG76ND
  • Phone: 08002461782, 02036218153
  • Email: admin@deltacapitalmarkets.com, s.lockhart@deltacapitalmarkets.com, info@deltacapitalmarkets.com, support@deltacapitalmarket.com, Accounts@deltacapitalmarket.com, sales@deltacapitalmarket.com, m.baker@deltacapitalmarket.com, j.stone @ deltacapitalmarket.com
  • Domain: https://www.deltacapitalmarkets.com/

New Power Gen Ltd t / a Strategy Markets

  • Address: 3rd Floor, 207 Regent Street, W1B 3HH
    51 Marshall Street, Island Suite, Soho, London W1F 9SF
    Palm Grove House, PO Box 438, Road Town, Tortola, British Virgin Islands
    Strategy Corp Ltd, Palm Grove House, PO Box 438, Road Town, Tortola, British Virgin Islands
  • Phone: 0800 031 5292, 0800 031 5293, 0800 031 5294, 02038138577, 07933855528, 07599828738
  • Domain: https://strategymarkets.co.uk/

Belize: False license

Regulatory supervision from Belize, the International Financial Services Commission (IFSC), informed about GNT Group Limited, which operates in the investment services market using a false license number - / 60 / 237 / PPS / 16.

The official announcement

Australia: suspended license

Direct FX Trading Pty Ltd broker, which owns the Directfx.com brand, with a suspended license for a period from 10 weeks to 6 months - this was the decision made by ASIC, the Australian financial market supervision.

Reasons for suspension:

  • Direct FX did not meet the Net Asset Requirements (NTA) set out in the 12 / 752 bulk order, including the lack of sufficient cash and cash equivalents to meet the requirements;
  • Direct FX did not meet s912C (3) from 10 February through 12 on April 2018 to provide the ASIC with an audit report covering some important issues, including information on Direct FX's compliance with financial obligations that would assist ASICs in evaluating the direct FX Competency , attitude to compliance and financial solidity;
  • Direct FX has not replaced the key people listed on its license.

The official announcement

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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.