Forex Complains

The Australian Securities and Investments Commission (ASIC) has announced that it has suspended the financial services license of Australasian Capital Pty Ltd. because the company has ceased to conduct financial services business. It has also not provided financial statements for the past two years.

The Cyprus Securities and Exchange Commission (CySEC) has ordered retail forex broker RoboMarkets to stop providing non-cash rewards to retail clients. The broker was found to be engaging in activities that did not comply with the legal requirements and providing non-monetary rewards to its clients. Thus, CySEC ordered the company to completely cease any activity of providing...

The Cypriot Regulatory Authority (CySEC) has announced that it has imposed a fine on the investment intermediary BDSwiss Holding Ltd. in the amount of EUR 100,000. BDSwiss has allowed its offshore affiliates to take advantage of its status as a CySEC-licensed Cyprus investment firm to attract clients. They offered CFD trading without requiring clients to pay initial...

The Australian Securities and Investments Commission (ASIC) has canceled the financial services license held by FTX Australia Pty Ltd. On 14 November 2022, ASIC suspended FTX Australia's AFS license until 24 July 2023 due to insolvency.

Italy’s Companies and Exchange Commission (CONSOB) announced that it has continued to block access from Italian territory to three more unauthorized and potentially fraudulent investment websites. They include: eibank.io of Caledonia Advisory, onspotcap.com of OnspotBNK, and trade4winner.com of Trade4winner. CONSOB has the power to order Internet service providers (ISPs) to deny access from Italy...

Italy’s Companies and Exchange Commission (CONSOB) continues its fight against unauthorized and potentially fraudulent investment websites. The Commission has blocked access from the territory of Italy to another 4 illegal investment websites. They include: fpeurope.com of FP Europe, primusforex.net of PrimusForex, protechfx.com of ProtechFx, and trezocapital.net of Trezocapital.CONSOB has the right to order Internet service providers (ISPs)...

Italy’s Companies and Exchange Commission (CONSOB) reports that it has blocked access from the territory of Italy to another 5 illegal financial websites. These include: binetrix.com of Binetrix; bitbinx.com of Bitbinx; e-trade.cc of E-trade; fxmodex.com of FX Modex and theactivetrades.com of The Active Trades. CONSOB has the power to oblige Internet Service Providers (ISPs)...

The Australian Securities and Investments Commission (ASIC) has suspended Lantern RE Ltd's license to provide financial services in Australia until 29 May 2024. The license was terminated because the company failed to submit its financial statements and audit reports for the fiscal years 2019-2022. At the end of the license revocation period, the regulator may take further...

The Cypriot financial regulator CySEC has announced that it has withdrawn the financial services authorization of Stone Edge Capital Ltd, license number 311/16 due to the company's non-compliance with the Investment Services and Activities and Regulated Markets Law, as well as the Prevention and Suppression of Money Laundering and Terrorist Financing Law. After the revocation of the...

The Australian Securities and Investments Commission (ASIC) has revoked Capital Investment Partners Pty Ltd's financial services license because the company has ceased to carry out financial services business. ASIC has the power to revoke a company's license to provide financial services without a hearing if the company ceases to carry on that business.