Fourteen Unlicensed Forex Brokers Flagged by Swiss FINMA in the Past Three Months

To traders, checking the warning lists issued by global financial watchdogs is one of the best ways to avoid investment scams.

The Swiss Financial Market Supervisory Authority (FINMA) is authorized by the government to oversee all types of financial institutions as a regulator.

FINMA's forex brokers are required by law to be registered as banks, but there are still unregistered companies offering financial services locally or claiming to be based in Switzerland.

These unregistered entities may pose significant risks to investors as they are probably scams.

In the past three months, the FINMA has added new financial service providers to its Warning List, with fourteen Forex brokers flagged. Check out the details below and do not fall for the traps.

Monex EU Group

Address: World Trade Center, CP 317, Via Lugano 13, 6982 Agno

Website: www.monexeugroup.com

Fargo Markets

Address: Bahnhofstrasse, 8001 Zurich

Website: www.fargomarkets.com

Growthalliance Ltd

Address: Bleicherweg 30, 8002 Zürich

Website: www.growthalliance.ltd

Manfradytrade

Address: PULS 5, Giessereihalle, Giessereistrasse 18, 8005 Zürich, Switzerland

Website: https://www.manfradytrade.com/

ig-canada

Address: Quai du Mont-Blanc 29 Suite 3009, 1201 Genf

Website: www.ig-canada.vip

Angel Markets

Address: Via Stauffacher 28, Villa Luganese, 6966

Website: https://angel-markets.com/

Meyer Vermögens Welt Finance

Address: Hardturmstrasse 3, 8005 Zürich

Website: https://mvw-finance.com/

Corpteck

Address: Av. des Morgines 12, 1213 Lancy

Website: https://corpteck.com

SignalPlus24

Address: Bahnhofplatz, 6302 Zug

Website: www.signalplus24.com

GlobalCIM

Website: www.globalcim.com

Notice: GlobalCIM is not related to the CIM BANQUE SA, Geneva, which is registered in the Swiss Commercial Register (CHE-106.066.127).

Altreserve

Address: Hardstrasse 201, 8005 Zürich

Website: www.altreserve.net

Investing Funds

Address: Börsenstrasse 15, 8001 Zürich

Website: www.investing-funds.ch

https://financeadvisoryag.com/

Address: 33 Maneggstrasse, 8041 Zurich bzw. Maneggstrasse 33, 8041 Zürich

Website: https://financeadvisoryag.com/

Notice: https://financeadvisoryag.com/ is not related to the Finance Advisory AG, Uetikon am See, which is registered in the Swiss Commercial Register (CHE-109.104.072).

Sortino.co

Address: Av. des Morgines 12, 1213 Lancy

Website: https://www.sortino.co.com/en/