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The British regulator warns against the SafeMarkets broker
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The British regulator warns against the SafeMarkets broker

forex scam
created Paweł MosionekJanuary 4 2019

British financial supervision, Financial Conduct Authority (FCA), published a message in which he warns against the operation of a broker called SafeMarkets. An entity registered in Estonia offers investment products based on cryptocurrencies without the required permits and licenses.

Cryptocurrencies and Forex

The mentioned cryptocurrency broker operates under the website www.safemarkets.biz and offers trading on such instruments as Bitcoin, Ethereum, Litecoin and other altcoins. FCA points out that this company is directly affiliated with the Forex broker with the same name, only that users of the site www.safemarkets.com. The second entity has already been identified as a scam.

According to the findings of the Finance Magnates portal, the operations of this brand, as well as the binary options broker called OptionStarsGlobal, are run by two Bulgarians whose interests are located in the Marshall Islands, in Samoa, Great Britain and Estonia.

SafeMarkets.com - Official FCA message

SafeMarkets.biz - Official FCA message

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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.