Category: FSA SVG

investor warning against Opoforex offshore brokerT
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April 6, 2022

The Financial Commission member Opoforex continues it illegal activities in Europe!

Two weeks ago, we issued a warning against the offshore broker scheme Opoforex, registered in St. Vincent & The Grenadines (SVG) in Feb 2021 by corporate builder Wilfred Services Ltd. The Financial Services Authority (FSA) VSG has clarified in Feb 2022 that it does not regulate or authorize forex or CFD brokers. Opoforex has no authorization to offer its services in Europe or other regulatory regimes but continues to solicit consumers. Stay away from Opoforex and other offshore brokers.
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FSA on SVG issues no broker licensesI
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February 11, 2022

Interesting! SVG Offshore regulator warns that it is not issuing broker licenses!

The FSA in the offshore paradise St. Vincent & The Grenadines recently advised investors to be careful when dealing with legal entities registered in its regulatory regime. Legal entities registered in SVG are not licensed to carry out broker activities in forex or binary options. Currently, the offshore regulator does not issue broker licenses. While SVG entities can engage in any legal activity, they are doing so without an FSA license if they engage in forex trading and brokerage. 
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warning against InvestXE broker scamM
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August 15, 2021

More victim complaints about PandaTS white-label scam InvestXE

The Israeli trading platform form of PandaTS is home to countless white-label scams. In his court confession, the Israeli cybercrime principal Gal Barak admitted that he knew trading was being manipulated via PandaTS. In doing so, he placed the entire blame on PandaTS. He would have been only a small element as the operator of the white-label scams XtraderFX or SafeMarkets. He was sentenced to a 4-years prison term. The InvestXE (www.investxe.com) broker scams also run on PandaTS and fabricate victims non-stop.
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