Global Broker Regulation Inquiry App
WikiFX
English
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
WikiFX report: FSCA warns the public against Invest Markets and 24Option.com
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.
Read more
Voices of the Golden Insight Award Jury | Nattachai Chalermwat, MH Markets
WikiFX Golden Insight Award uniting industry forces to build a safe and healthy forex ecosystem, driving industry innovation and sustainable development, launches a new feature series — “Voices of the Golden Insight Awards Jury.” Through in-depth conversations with distinguished judges, this series explores the evolving landscape of the forex industry and the shared mission to promote innovation, ethics, and sustainability.
Original 14h
Apex Markets Review: Traders Outraged Over Withdrawal Denials & Other Trading Issues
Struggling to access fund withdrawals from Apex Markets for months? Does the broker remain silent on fund withdrawal issues? Does the Saint Vincent and the Grenadines-based forex broker reject your winning trades? Have you failed to get a refund into the card used for deposits? Did the broker deduct from your trading account instead? Traders have been imposing these scam allegations while sharing the Apex Markets Review online. We read the reviews and shared some of them below. Take a look!
Original Two days ago
tastyfx Exposed: Fund Losses, Trade Manipulation & Account Related Hassles Hurt Traders
Are fund losses normal for you at tastyfx? Does the US-based forex broker constantly manipulate prices to hit your trading experience? Do you fail to receive a reply from the broker on your fund withdrawal requests? Do you constantly face trading account issues with tastyfx? It’s time to read the tastyfx review shared by traders online.
Original Two days ago
Aron Groups Review: Fund Losses, High Commission & Trade Manipulation Keep Traders on Tenterhooks
Have you lost your hard-earned capital while trading via Aron Groups Broker? Has the high commission charged by the broker substantially reduced your trading profits? Does the Marshall Islands-based forex broker constantly manipulate spreads to widen your capital losses? Have you been lured into trading courtesy of Aron Groups No Deposit Bonus, only to find that you had to deposit capital to get a bonus? All these and many more trading issues have become synonymous with the experience of Aron Groups’ traders. Consequently, many traders have shared negative Aron Groups reviews online. In this article, we have shared some of their reviews.
Original Two days ago
WikiFX Broker
Latest News
Angel one 2025 Review & Complaints
WikiFXLatest FCA Daily Alerts and Consumer Warnings for 2025
WikiFXWebull Widens Crypto Futures with Coinbase Derivatives
WikiFXIs Nash Markets Regulated or Risk? Truth About Nash Markets’ License & Withdrawal Issues
WikiFXCySEC Blocks Certification Access to Combat Advisor Impersonation
WikiFXExclusive Markets Under the Scanner: Traders Report High Swap Charges, Deposit Discrepancies & More
WikiFXThe United States Outgrows All Its Major Peers
WikiFXPINAKINE Broker India Review 2025: A Complete Guide to Safety and Services
WikiFXPinched By Penny Shortage, US Retailers Beg Congress To Step In
WikiFXPINAKINE Broker Review: A Complete Look at Its Services and Risks
WikiFXCurrency Calculator
USD
CNY
Current Rate: 0
Amount
USD
Available
CNY
Calculate