简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
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.
The FSCA again reminds consumers who wish to conduct financial services with an institution or person to check beforehand with the FSCA on either the toll-free number (0800 110 443) or on the website www.fsca.co.za as to whether or not such institution or person is authorised to render financial services.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
Recently GVD Markets has become a trending topic in forex markets. WikiFX made a comprehension review to help you better understand this broker. we will analyze the reliability of this broker from specific information, regulations, etc. Let’s get into it.
Moomoo Malaysia has unveiled a new feature on its platform that allows users to purchase fractional shares of over 500 US stocks and ETFs. Additionally, it is running a campaign where new users are welcomed with a 'Guaranteed Welcome Kit' valued at up to RM 1,200. Furthermore, those who deposit RM 10,000 will receive fractional shares of leading companies like Apple, Nvidia, Tesla, and TSMC, worth up to RM 420.
Trive is a Malta-based trading platform that has been operating for approximately 5-10 years. It is regulated by MFSA.
In the world of online trading, success is not just about making profitable trades—it's also about effectively managing risk. One of the most crucial aspects of risk management is setting stop loss and take profit points, as well as determining appropriate leverage levels.