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Unlicensed Brokers in Spain May Bring You Financial Troubles
On November 18, 2024, four unauthorized forex brokers were warned by the National Securities Market Commission (Comisión Nacional del Mercado de Valores), the Spanish regulator.
The CNMV is the regulatory body that oversees the Spanish financial market. A broker that has been blacklisted by this watchdog is not authorized to legally provide financial services in Spain. This is also a warning to investors who may choose a broker that does not provide adequate protection for their funds.
Before proceeding with a transaction, BrokersView recommends that investors carefully refer to the information provided by the regulator and scrutinize whether the broker maintains a record of good conduct under the regulator's rules to avoid unnecessary troubles and risks.
The Securities Market Act states that the following brokers are not authorized to provide investment services, foreign currency transactions, or related financial instruments.
AmegaGlobalFX
Website: https://amegaglobalfx.com/
Iaoption
Website: https://iaoption.com/
FOXANE / FOXANE LTD
Website: https://www.foxane.com/
IBS Markets
Website: https://ibsmarkets.net/
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Risk Warning:
FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.
Disclaimer:
The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.