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Spanish Financial Regulator Alerts of Unapproved Brokers

WikiFX | 2024-01-31 11:43

Abstract：Spain's CNMV warns against unregistered brokers, including PremiumTrade247 and others, urging investors to verify firms' authorization to ensure financial safety.

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Madrid, Spain – The Spanish Financial Regulator, known as the National Securities Market Commission (CNMV), has taken action to safeguard investors by issuing warnings about many brokerage firms that operate without sufficient permission. These entities are not registered with the CNMV, thus they cannot provide investment services or participate in activities subject to CNMV oversight.

Unregistered Brokerage Entities Identified

The CNMV has identified the following unauthorized brokerage entities:

1. PremiumTrade247 LTD: premiumtrade247.com

2. Compic Solutions LTD: byalpha.org

3. AKSEL INVEST PRO: akselinvest.pro

4. EvallVellc: evallvellc.com

5. Xtream Markets: xtreamforex.com/es

6. Sinvara LLC: nordequity.com

7. BDM INVESTMENTS: bdm-investments.uk

8. Profinancetrade LTD: profinancetrade.com

9. IMPERIALTRADE: imperialtrade.net

10. ONE TRADE PRO: ontradepro.com

11. UP-town Finance LTD: uptowns-finance.com

12. CROWN ENERGY: crownenergyinvestment.com

13. SURE FX NATION: successfulmarktplatform.com

14. OMERS FINANCE: omersfinance.ltd

Investors should use care when dealing with unregistered firms to safeguard their financial interests. The CNMV has recognized these companies as operating without the required regulatory clearance and oversight. To safeguard the safety of their money, investors must first check the authorization of any brokerage company with whom they want to do business.

The CNMV offers a list of cautions regarding unlicensed companies on its website. You may see this list by going to CNMV Warnings. It is a useful tool for investors to monitor the quality of brokerage businesses and prevent any fraud or fraudulent activity.

About CNMV

The National Securities Market Commission (CNMV) is Spain's regulatory entity in charge of overseeing and regulating the securities markets. Its principal purpose is to safeguard investors and maintain the integrity of financial markets.

To protect their financial interests, investors should deal exclusively with authorized and registered brokerage organizations. The WikiFX Daily News page provides the most recent information on investment-related news and regulatory topics.

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Related broker

No Regulation

PremiumTrade247

Company name：PremiumTrade247

Score

1.34

Website：https://premiumtrade247.com/

2-5 years | Suspicious Regulatory License | Suspicious biz area | High potential risk

Score

1.34

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