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ausbey markets

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I want some information about its account types.
WASAY
Myanmar
2023-08-01
ANSWER If you are looking to deal with Ausbey Markets, we strongly suggest you drop that plan. It is not regulated by any financial regulator and hence there are no protections for investors.Ausbey Markets claims to be registered with the Financial Services Authority of St. Vincent and the Grenadines (SVG FSA) under Reg number 556 LLC 2020. However, we searched the SVG FSA register but couldn't find any matching records. Furthermore, the SVG FSA has explicitly stated that entities engaging in forex trading and brokerage are not licensed from this jurisdiction. This is a red flag.Ausbey Markets provides an MSB license number issued by the Financial Transactions and Reports Analysis Center of Canada (FINTRAC) to support its legitimacy. However, FINTRAC is Canada's financial intelligence unit responsible for combating money laundering and terrorist financing. According to the unit's website, registration with FINTRAC does not indicate that they endorses or licenses the business. Therefore, Ausbey Markets remains unauthorized.Furthermore, the Investment Industry Regulatory Organization of Canada (IIROC) has the authority to issue financial licenses and regulate entities involved in such activities. However, we have been unable to locate a firm called Ausbey Markets in the regulator's register.In essence, we strongly suggest investors avoid Ausbey Markets, which is an unlicensed broker coming with significant risks, such as financial losses and identity theft. To safeguard investors' interests at best, it is advisable to choose a fully regulated one.
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