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Spain’s financial markets regulator CNMV warned that the FXMarker and ImperialOptions are not authorized to provide investment services and advice on the Spanish market.
A check of SMN Weekly showed that the company Green Investment House Corp. and its website FXMarker.com are regulated by Belize’s International Financial Services Commission (IFSC). It is a financial services provider allowing its client to trade different financial products, including forex, indices and commodities. It offers the most popular currency pairs, gold, silver, oil, investment in the major global indices and trading shares of some of the largest global public companies, such as Apple, Google, Coca-Cola, Pfizer, Amazon and Facebook. Most likely the reason for CNMV’s warning is that the company is not regulated by an EU watchdog.
The ImperialOptions website, owned by the company LandMark Trade Ltd., however, is a toatally different ball game. It offers a platform for binary options trading, but there is no regulatory information anywhere on the website. In fact, UK’s Financial Conduct Authority (FCA) warned of Landmark Trade Services Limited as early as 2005 and modified the warning in 2013. “Almost all firms and individuals offering, promoting or selling financial services or products in the UK have to be authorized by us”, the FCA said. “However, some firms act without our authorization and some knowingly run scams like share fraud. This firm is not authorized by us but has been targeting people in the UK.“ In the summer of 2015 Canada’s British Columbia Securities Commission (BCSC) also warned that ImperialOptions is not registered to trade in, or advise on, securities or exchange contracts in BC. “We urge BC residents to exercise caution when dealing with firms that are not registered to trade or advise in BC”, the commission said.
In the past several days the financial watchdogs of various countries warned of unauthorized trading sites and companies, offering high yield investment programs, falsely claiming certificates from regulators.