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Caution Investors The AMF and the ACPR caution the public about unlicensed entities offering Forex and crypto-assets derivatives investments in France.
Know Your Options and Recover Your Funds
Caution Investors The AMF and the ACPR caution the public about unlicensed entities offering Forex and crypto-assets derivatives investments in France. Engaging with these entities can lead to financial risks and legal repercussions, so exercise extreme caution and verify their authorization status.
Who are they:
The Autorité des Marchés Financiers (AMF) and the Autorité de Contrôle Prudentiel et de Résolution (ACPR) have recently warned the public against the activities of several entities offering investments in Forex and in crypto-assets derivatives in France without being authorized to do so. The AMF is an independent public authority responsible for ensuring that savings invested in financial products are protected and that investors are informed. The ACPR is the supervisory authority of the Banque de France and the Autorité de Contrôle Prudentiel et de Résolution (ACPR) and is responsible for ensuring the stability of the financial system and the protection of customers.
Regulation and Compliance:
The AMF and the ACPR regularly update their blacklists of websites identified as offering investments in the unregulated foreign exchange (Forex) market and in derivative products whose underlying assets include crypto-assets, without being authorized to do so. Since the beginning of 2023, the AMF and ACPR have added 22 unauthorised websites in the Forex category, none in the crypto asset derivatives category[2]. The list of recently identified websites run by unauthorized entities includes[1]:
– acapitalgroup.co
– acy.com
– algo-management.co
– amoslimited.co
– edgefinance.ltd
– elvivainvest.com/fr
– fr.greendax.org
– fusiontrade.co
– greendax.com
– introtrade.pro
– ipgate.trade
– logiccryptofx.net
– microngroup.ltd/fr
– omersfinance.ltd
– www.cityinv260.com
– www.cryptotradetech.net
– www.erzinex.com
– www.expochains.com
– www.fortuna-invest.com
– www.fxalta.com
– www.rn-investing.com
Lists of all websites that are not authorized to offer investments in Forex or in crypto-assets derivatives are available on the Assurance Banque Épargne Info Service – ABE IS’s website, on the AMF’s website, and the AMF Protect Epargne website[1].
Customer Reviews:
There are no customer reviews available for these unauthorized entities.
Products and Services:
These unauthorized entities offer investments in Forex and in crypto-assets derivatives in France without being authorized to do so. The AMF and the ACPR warn the public against investing with these entities as they are not authorized to offer these services and may be fraudulent.
Location:
The location of these unauthorized entities is not specified.
Customer Service:
There is no information available on the customer service of these unauthorized entities.
Conclusion:
Investors should be cautious when investing in Forex and in crypto-assets derivatives in France and should only invest with authorized entities. The AMF and the ACPR regularly update their blacklists of websites identified as offering investments in the unregulated foreign exchange (Forex) market and in derivative products whose underlying assets include crypto-assets, without being authorized to do so. Investors can check these lists on the AMF’s website, the AMF Protect Epargne website, and the Assurance Banque Épargne Info Service – ABE IS’s website.
Citations:
[1] https://www.amf-france.org/en/news-publications/news-releases/amf-news-releases/amf-and-acpr-warn-public-against-activities-several-entities-offering-france-investments-forex-and-5
[2] https://www.amf-france.org/en/news-publications/news-releases/amf-news-releases/amf-and-acpr-warn-public-against-activities-several-entities-offering-france-investments-forex-and-4
