Regulators in France warn for unauthorized websites and entities proposing Forex investments 

The Autorité des marchés financiers (AMF) and the Autorité de contrôle prudentiel et de résolution (ACPR) issued a warning to inform the public against the activities of several websites and entities proposing Forex investments without being authorized to do so.

According the warning, the AMF and the ACPR are publishing a list of new websites and entities offering investments on the unregulated foreign exchange (Forex) market in France, without authorisation to do so.

Here is the new website recently identified:
– www.binarycent.com / Cent Projects Ltd / Finance Group Corp.
– www.raceoption.com / Affort Projects SA / Finance Group Corp.
– www.videforex.com / Affort Projects SA / Finance Group Corp.

A list of all unauthorized websites to offer investments on the unregulated foreign exchange (Forex) market is available in the AMF’s website.

According the warning, these websites may change very quickly and this list is not intended to be exhaustive.

To ensure that the intermediary offering banking or financial products or services is authorised to operate in France, AMF urges public to view the register of financial agents (https://www.regafi.fr) or the list of authorised intermediaries in the financial investment advisor (FIA) or participating investment advisor (PIA) categories (https://www.orias.fr/search).

If the intermediary in question is not on any of the last two lists, AMF strongly recommend not to make use of their services, as they are in breach of the applicable legislation and are not required to comply with basic rules of investor protection, information disclosure and claims handling.

Source: AMF

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