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Abstract:As we all know, checking the license of a broker is a necessary step before an investor decides to trade with the broker.
However, some cunning scammers may intend to disclose the truth that it is not being overseen by any regulator. When it comes to this situation, checking the black list of regulators may be helpful.
Here we collect a list of unlicensed brokers that have been blocked by the Canadian regulator - the Investment Industry Regulatory Organization of Canada (IIROC) this year:
1. TradingSpace
Website: https://tradingspace.pro/
2. Velocitytradefx.com
Website: https://velocitytradefx.com/
3. Ontario Invest
Website: https://ontarioinvest.com/
4. MaxiCapital
Website: https://www.maxicapital.group/
5. Lucros Financeiros
Website: https://lucrosfinanceiros.finance/
6. Trade Star Capital
Website: https://tradestarcapital.xyz/
7. E Trade Markets
Website: https://etrademarkets.com/
IIROC reminds traders: Be an informed investor - Don't be fooled by fraudsters misrepresenting themselves.
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.
In a surprising announcement on Thursday, Oleg Mukhanov, who has been at the forefront of TradingView’s growth over the past few years, revealed his decision to step down as CEO. Mukhanov, who ascended to the role in January 2024 after joining the technology giant in mid-2022 as Group Chief Financial Officer, will continue to serve as an advisor to TradingView’s board.
Germany's watchdog imposed a EUR 23.05 million penalty to Deutsche Bank AG for violating several regulatory requirements under German law. According to the Authority, the company breached organisational requirements under the German Securities Trading Act in connection with the sale of derivatives. In addition, its Postbank branch disregarded the obligation to record investment advice and repeatedly failed to comply with the requirements of the German Payment Accounts Act regarding the account switching service.
In the fast-paced world of online trading, liquidity is everything. Traders and investors must have unrestricted access to their funds at all times. Any broker that imposes unnecessary conditions or delays when it comes to withdrawals is raising a glaring red flag.
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