IFSC warns about Binary/Forex Trade and SMARTTRADE SERVICES LIMITED
The International Financial Services Commission of Belize (IFSC), the financial regulator of Belize, has issued warnings to inform investors and public about non regulated entities.
According he releases, the warning about Binary/Forex Trade informs that It has come to the attention of the International Financial Services Commission of Belize (IFSC) that an entity calling itself ‘Binary/Forex Trade’ affiliated with ‘James Emiliev’ with address, Front Street, Spring City, Nashville Tennessee is falsely and fraudulently representing to hold an Expert Advisor/ Consultancy / Advisory Services for Trading in Foreign Exchange issued by the International Financial Services Commission.
The IFSC wishes to notify all persons concerned that the licence presented by Binary/Forex Trade is a complete forgery. We also confirm that NO person by the name of James Emiliev is regulated by the International Financial Services Commission of Belize or any other competent authority in Belize.
Binary / Forex Trade is therefore directed to cease and desist from carrying on with the said unlicensed activities which constitute an offence under the laws of Belize.
As for the warning about SMARTTRADE SERVICES LIMITED, IFSC informs that It has come to the notice of the International Financial Services Commission of Belize (IFSC) that ‘SMARTTRADE SERVICES LIMITED,’ an International Business Company registered in Belize, is conducting Forex Trading without first obtaining a licence from the IFSC.
This entity is not licensed/regulated by the International Financial Services Commission or any other competent authority in Belize to conduct any type of trading business.
SMARTTRADE SERVICES LIMITED is therefore directed to cease and desist from carrying on with the said unlicensed activities which constitute an offence under the laws of Belize.
The International Financial Services Commission of Belize (IFSC) warns all person concerned to take note and exercise extreme caution.
Source: IFSC – Binary/Forex Trade – SMARTTRADE SERVICES LIMITED
