France’s regulator warns investors about 23 unregulated Brokers

http://www.leaprate.com/forex-indust...x-brokers.html


On Monday the French financial regulators The Autorité des Marchés Financiers (AMF) and the Autorité de Contrôle Prudentiel et de Résolution (ACPR) published an updated list of forex related websites that are not authorized to operate within French jurisdiction. The regulators have started compiling such
lists since July 2011 and this is the sixth update since.

Since the websites on the list might change rather quickly it does not claim that it is a full mention of all the brokerages/forex related service providers who caught the eye of French regulatory authorities. Following you will find the full list:

1. www.4xp.com/fr/ Forex Place Limited
2. www.astonforex.com/ Marketrade Ltd
3. www.bforex.com / BFOREX Limited
4. www.cfxmarkets.com/ CFB International Ltd
5. www.finanzasforex.com / Evolution Market Group Inc
6. www.forextrada.com/ Forextrada
7. www.forextradition.com / Forex Tradition
8. www.fxcast.com / Surplus Finance SA
9. www.gcitrading.com / GCI Financial Limited
10. www.ihforex.com / Investment House International
11. www.ikkotrader.com / IP International service
12. www.instaforex.com / InstaForex Companies Group
13. www.integralbroker.com / IB International Ltd
14. www.investcapitalmarkets.com / ICM WORLDWIDE Ltd
15. www.itcfx.com / Investment Formula Corporation
16. www.itnfx.com/ International Traders Network FX
17. www.justrader.com/ MT Capital Partners
18. www.motionforex.com / Motion Forex Ltd
19. www.netotrade.com/ Neto Trade Global Investment
20. www.obroker.com/ Landkey Enterprises Inc
21. www.sunbirdfx.com/ Sunbird Trading limited
22. www.tradaxa.com/ Sisma Capital Limited
23. www.trader369.com / IP International Service – AJ BROWDER

The regulators proceed to caution the public to be mindful of the risks associated to foreign exchange markets trading especially when they are dealing with an unregulated entity. An updated list of the latest institutions regulated by French authorities is available on https://www.regafi.fr/.
To avoid dealing with untested forex companies its best that you choose a broker from LeapRate's Approved List of global regulated forex brokers.

these brokers look shady from the start

Totally agree but you still get thick shits opening accounts with these types of brokers.

It must be nice to have options where you guys live. Americans getting the shaft left and right.

there's a lot of unregulated options around the world, that can run off with your money

I thought about trying a few with a small deposit, but it's not worth the hassle to be honest. BTW, I was off 20 pips on that GU trade.:nerd: