Belize’s IFSC alerts forex broker Floral Investment’s incorporation, licensing data is fake

Belize’s IFSC alerts forex broker Floral Investment’s incorporation, licensing data is fake

Do not invest more money than you can afford to lose.


Forex broker Floral Investment Ltd. is not incorporated or licensed in Belize as a forex brokerage, as it claims, the International Financial Services Commission (IFSC) of Belize said on Wednesday.

The company presents on its website a certificate of incorporation on its name, purportedly signed by Santiago Gonzalez, deputy registrar of the International Business Company (IBC) Registry, as well as an IFSC license allegedly signed by Neri Matus, director general of the IFSC.  However, the broker’s claims and presented documents “are complete forgery”, as the regulator referred to them.

“This entity is not incorporated in Belize as an IBC nor licensed by the IFSC or any other competent authority in Belize to be engaged in brokerage, consultancy or advisory services for trading in foreign exchange. Floral Investment Ltd. is therefore directed to cease and desist from engaging in the said unlicensed activities forthwith,” the regulator said.

The broker’s website,, is not operational and no information about its activities was immediately available.

Belize, just as the Seychelles and the BVI, is known as an offshore destination and is renowned for its milder regulation and licensing requirements and lower incorporation costs. Many financial service providers choose to register there and fall under the supervision of the IFSC since they need to meet fewer and softer criteria and to comply with less strict rules and requirements than if they registered in other countries. However, in the recent months many entities falsely claim to be registered or regulated in offshore locations. Some of the most recent ones include XMAXBIT, BinaryOptionInvestors, TradeFxP, and YieldOptions.

When engaging with unauthorized and non-regulated brokers, traders are putting their investments at higher risk. We strongly advise you to only deal with regulated forex brokers, authorized by reputable regulatory bodies like CySec, FCA, and CFTC/NFA, among others.

Leave a Reply

Your email address will not be published. Required fields are marked *