Jul 062022

Financial warnings from Spain, Belgium and UK

12 entities blacklisted by the CNMV

CNMV warns against:

Scetch Vip

WEBSITE: www.sctech.vip

AC Markets Fx

WEBSITE: www.acmarketsfx.com

Active Traders 24

WEBSITE: www.activetraders24.com

BitMam

WEBSITE: www.bit-mam.tech
COMPANY: Bitmam Capital Trading Limited / Bitmam Capital Advisors Corporation / Fina Capital Advisors Corporation

Cento-GX-Spanish

WEBSITE: www.cento-gx-spanish.webflow.io

Ether Arena

WEBSITE: www.ether-arena.com

OrbitGTM

WEBSITE: www.orbitgtm-pro.net
COMPANY: Aurora Solutions Limited

Check out the previous warning about this platform posted by FINMA.

Standard Crypto Traders

WEBSITE: www.standardcryptotraders.com
COMPANY: Standardcryptotraders Limited

Tedex

WEBSITE: www.tedex.co

Trade Accord

WEBSITE: www.trade-accord.com
COMPANY: Trade Accord PTY LTD

VisenoFx

WEBSITE: www.visenofx.com
COMPANY: Viseno Capital Limited

CNMV’s warning list

FSMA warns against the “eaworldfx.com” platform

“Expert Advisors” is an investment tool offering automated trading software. According to the information contained in the warning published by the Belgian regulator, the software available on the eaworldfx.com website offers a tool that, on behalf of the investor, automatically opens and closes stock positions based on programmed parameters.

Each company offering investment brokerage products requires a license issued by an appropriate authority. The eaworldfx.com platform has not been authorized, therefore the products offered on this website are illegal and carry a particular risk of fraud, extortion or manipulation. In addition, advertising of CFD and Forex products targeted at individual (non-professional) clients is prohibited in Belgium, and offering trading bots is also illegal under local law.

The FSMA also stated that the EAWorldFx platform is a pyramid scheme, often referred to as the MLM (Multi-Level Marketing) program, in which consumers are encouraged to attract new members and receive a fee in return in the form of a commission or a discount on the price of the software package. The company’s message is that anyone can afford a luxurious lifestyle, provided it attracts enough new members and makes an appropriate investment in the software being promoted.

FSMA warns against: