Swiss Financial Regulator Updates Warning List on Unregulated Brokers to Protect Investors

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.

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

CoreInvests / coreinvests.eu

Address: Zug

Website: www.coreinvests.eu

Notice: This website is not related to the CORE INVESTMENT AG, Zug, which is registered in the Swiss Commercial Register (CHE-146.326.441).

Finzilo

Address: Rue du Rhône 2, 1204 Genève, Switzerland

Website: https://finzilo.com/

bscapital.io

Address: Blegistrasse 5, 6340 Baar, Switzerland

Website: www.bscapital.io

SixGroupTrust

Address: rue du Stand 56, 1204 Geneva

Website: sixgrouptrust.net

Stellar Hub

Address: Limmatquai 4, 8001 Zürich

Website: stellar-hub.io