Home -
Brokers -
Main body -

WikiFX Express

Exness
EC Markets
TMGM
XM
FOREX.com
FXTM
AvaTrade
D prime
FXCM
IC Markets Global

WIKIFX REPORT: FSCA warns the public against Invest Markets and 24Option.com

24option | 2022-08-08 14:58

Abstract:The Financial Sector Conduct Authority (FSCA) warns the public to be cautious when doing any financial services business with Invest Markets and 24Option.com which are not authorised to give any financial advice or render any intermediary services in terms of the Financial Advisory and Intermediary Services Act, 2002 (FAIS Act).

The Financial Sector Conduct Authority (FSCA) warns the public to be cautious when doing any financial services business with Invest Markets and 24Option.com which are not authorised to give any financial advice or render any intermediary services in terms of the Financial Advisory and Intermediary Services Act, 2002 (FAIS Act).

The FSCA has received complaints from members of the public against Invest Markets and 24Option.com. According to the websites of Invest Markets and 24Option.com, it appears that they are based in Belize, providing trading platforms that offer trading in Forex, Contract for Difference (CFDs) derivatives, as well as cryptocurrencies.

The FSCA points out that for a company to offer CFD trading and forex trading in South Africa, it must be licensed to do so by the FSCA. It therefore appears that these two platforms are conducting unregistered financial services business, which is unlawful.

The website of Invest Markets states the following: “This website (www.investmarkets.com/international) is operated by Arvis Capital Limited, a Belize investment firm, authorised and regulated by the International Financial Services Commission of Belize…” Of importance is that Invest Markets and 24Option.com still requires South African licences to operate locally.

BrokerDealerForex tradingForex BrokerForex newsforex market

Related broker

Unverified
24option
Company name:Richfield Capital Limited
Score
1.60
Website:https://www.24option.com/international/
5-10 years | Suspicious Regulatory License | Suspicious biz area | High potential risk
Score
1.60

Read more

WikiFX Launches Safepedia Lounge Today: Co-Building a Forex Safety Knowledge Community with Users

As a globally leading forex information service platform, WikiFX is pleased to announce the upcoming official launch of its new initiative – the “WikiFX Safepedia Lounge”. This platform aims to create an authoritative, trustworthy, and open forex knowledge community for investors through high-quality content and expert interaction.

Original 2025-09-05 18:07

EC Markets Posts Record 2024 Earnings as Global Expansion Accelerates

EC Markets’ 2024 revenue nearly doubles year-on-year, fueled by global growth, new regulatory licenses, and diversified income streams in forex and CFD brokerage.

Original 2025-09-05 17:58

NOZAX Broker Review 2025

NOZAX is a Montenegro-registered forex and multi-asset broker founded in 2017. It offers MetaTrader 5 access to forex, shares, indices, and commodities, and three account tiers (NZX ZERO, NZX CORE, NZX CENT).

Original 2025-09-05 17:49

Is MTrading Licensed or Operating Illegally?

MTrading broker review: Unregulated status, high-risk leverage, mixed user feedback, scam warnings, and essential red flags for traders seeking safety and transparency.

Original 2025-09-05 17:45

WikiFX Express

Exness
EC Markets
TMGM
XM
FOREX.com
FXTM
AvaTrade
D prime
FXCM
IC Markets Global

WikiFX Broker

FXTM

FXTM

Regulated
Exness

Exness

Regulated
DBG Markets

DBG Markets

Regulated
XM

XM

Regulated
AvaTrade

AvaTrade

Regulated
EBC

EBC

Regulated
FXTM

FXTM

Regulated
Exness

Exness

Regulated
DBG Markets

DBG Markets

Regulated
XM

XM

Regulated
AvaTrade

AvaTrade

Regulated
EBC

EBC

Regulated

WikiFX Broker

FXTM

FXTM

Regulated
Exness

Exness

Regulated
DBG Markets

DBG Markets

Regulated
XM

XM

Regulated
AvaTrade

AvaTrade

Regulated
EBC

EBC

Regulated
FXTM

FXTM

Regulated
Exness

Exness

Regulated
DBG Markets

DBG Markets

Regulated
XM

XM

Regulated
AvaTrade

AvaTrade

Regulated
EBC

EBC

Regulated

Latest News

DON'T TRANSFER: Requests to Transfer Funds to Other Accounts Could be a Scam!

WikiFX
2025-09-04 16:29

Jane Street Appeals SEBI Ban Over Index Allegations

WikiFX
2025-09-04 17:16

Forex Scalping Explained: The High-Speed, Rollercoaster Trading Strategy

WikiFX
2025-09-04 17:59

bitcastleFX Labelled as ‘SCAMMER’ by Traders: Here’s Why

WikiFX
2025-09-04 21:08

Most Trusted Forex Brokers for Starters 2025

WikiFX
2025-09-04 18:22

Etrading Wins UK Bond Tape Deal Worth £4.8 Million

WikiFX
2025-09-04 17:06

Malaysia SC’s Toughest Ad Ban: What It Means for Forex

WikiFX
2025-09-05 10:06

WikiFX Interview “The Role of KOLs and Educators: Guiding Investors Through Uncertainty”

WikiFX
2025-09-05 11:52

No Hidden Fees, No Custody Risks – InstaXchange Sets a New Standard for Crypto Exchanges

WikiFX
2025-09-05 14:14

EC Markets Posts Record 2024 Earnings as Global Expansion Accelerates

WikiFX
2025-09-05 17:58

Rate Calc

USD
CNY
Current Rate: 0

Amount

USD

Available

CNY
Calculate

You may also like

nexusvestd Traders

nexusvestd Traders

Aurum Finanzas

Aurum Finanzas

Argus Interfx

Argus Interfx

FinBridge International

FinBridge International

Swift Invest Pro

Swift Invest Pro

SolavexTrader

SolavexTrader

Swiftinvest

Swiftinvest

swift fx profits

swift fx profits

Swift Trade Hub

Swift Trade Hub

globalfinvault.com

globalfinvault.com