The Austrian FMA Has Issued A Warning Against The Offshore Broker BEST STOCKS TRADE

The Austrian financial regulator Finanzmarktaufsicht (FMA) has issued a warning about Best Stocks Trade, commonly known as Bstrade, which operates from the website bstrade.co.

Here is the full article from FMA: https://www.fma.gv.at/en/bstrade-best-stocks-trade/

Best Stocks Trade looks to be an offshore broker based in St. Vincent and the Grenadines that provides trading in stocks and indices, CFDs, Forex, and commodities. The firm intends to target many European markets, especially English, Spanish, Italian, and German-speaking nations.

The Italian regulator Commissione Nazionale per le Società e la Borsa has put Bstrade.co and its operator Florishing Group LLC to its blacklist (CONSOB).

Here is the full article from CONSOB: https://www.consob.it/web/consob-and-its-activities/warnings？viewId=ultime_com_tutela

According to the FMA, this supplier is not permitted to conduct financial transactions in Austria that need a license. As a result, the supplier is not able to trade commercially on its own or behalf of others.

You can check out more of Best Stocks Trade here: https://www.wikifx.com/en/dealer/1366792050.html

Stay tuned for more Forex regulatory news.

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