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Marketswind
On December 31, 2024, the Financial Conduct Authority (FCA) issued a warning against Marketswind, believing this company might be providing financial services or products without proper authorization in the UK. https://www.fca.org.uk/news/warnings/marketswind
On December 31, 2024, the Financial Conduct Authority (FCA) issued a warning against Marketswind, believing this company might be providing financial services or products without proper authorization in the UK. https://www.fca.org.uk/news/warnings/marketswindAccording to its website, it claims to be regulated by multiple regulators. After searching, no matching information was found in Cyprus Securities and Exchange Commission (CySEC) and European Securities and Markets Authority (ESMA). Secondly, we learned that the Financial Services and Markets Authority (FSMA) it mentioned clearly stated that foreign exchange activities and foreign exchange dealers have been banned since 2016.
In addition, the Financial Conduct Authority (FCA) issued a warning against Marketswind, believing this company might be providing financial services or products without proper authorization in the UK.
In essence, Marketswind is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.
Marketswind appears to be a scam.
According to its website, it claims to be regulated by multiple regulators. After searching, no matching information was found in Cyprus Securities and Exchange Commission (CySEC) and European Securities and Markets Authority (ESMA). Secondly, we learned that the Financial Services and Markets Authority (FSMA) it mentioned clearly stated that foreign exchange activities and foreign exchange dealers have been banned since 2016. In addition, the Financial Conduct Authority (FCA) issued a warning against Marketswind, believing this company might be providing financial services or products without proper authorization in the UK. In essence, Marketswind is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. Marketswind appears to be a scam.
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