Stay informed on AMF Warning List Update: 35 entities added, enhancing investor protection in crypto and Forex markets.
Stay informed on AMF Warning List Update: 35 entities added, enhancing investor protection in crypto and Forex markets.
AMF Bolsters Oversight: 35 Unregulated Entities Join Financial Market Warning List in Recent Update, Primarily focusing on firms providing access to derivative instruments based on Forex and cryptocurrencies without proper authorizations. This extensive update marks one of the most significant additions to the warning list in recent times, covering almost half of the entities added throughout the entire year of 2023.
Throughout 2023, the AMF had previously added 66 unauthorized entities from the Forex market and 11 from the crypto market. The latest update includes entities such as active financial. trade and akselinvest.Pro, algo-management. Co, back capital.pro, brown-fin.com, apex.lat, bitecx.com, bitoasis.ai, cybercapital. ltd, and elitetrader.io, among others.
The AMF emphasized its commitment to investor protection by issuing a guide with standardized commission terminology for financial professionals. This initiative is part of a broader effort to provide educational resources and tools aimed at helping retail investors understand the costs associated with trading and financial products.
“Investor protection is our top priority. Clear, detailed, and accurate information on fees is essential for investors to compare and make informed choices, particularly in inflation,” stated AMF Chairwoman Marie-Anne Barbat-Layani. The guide is seen as a significant step in aiding retail investors in making more informed decisions.
A recent survey conducted by the AMF revealed that more than half of French retail investors find it challenging to evaluate the impact of fees on their investment returns. Recognizing the potential influence of fees on investment outcomes, the AMF aims to address this issue by providing standardized commission terminology to enhance clarity and transparency.
Moreover, as individual investor participation rises in France, with over 1.5 million active investors in 2022, the AMF is keen on addressing challenges faced by investors in understanding fee-related information. The market witnessed the entrance of nearly 195,000 new investors last year, indicating a growing interest in investing among the French public.
Also, Stay Updated With Us For More News On Broker News.
XM is a global online broker that specializes in Forex and CFD trading. Headquartered in Cyprus, the company operates under the regulation of CySEC. It offers traders the opportunity to trade various financial instruments, including forex pairs, commodities, indices, and stocks.
eToro is a regulated online brokerage that offers trading of a wide range of trading instruments, including over 3,000 tradeable symbols, including CFDs, forex pairs, and exchange-traded securities, which can be traded through their eToro Investment Platform.
IC Markets is a licensed forex CFD broker, extending an opportunity for day traders, scalpers, and newcomers to engage in CFD trading. They furnish their clients with state-of-the-art trading platforms, high-speed connectivity with minimal delays, and exceptional liquidity.
Please drop your email below to get daily updates about what we do
FX Broker Tester is your guide to uncovering dependable Broker partners perfectly aligned with your needs in the financial markets. Identify the ideal match by exploring the meticulous evaluation conducted by our team of seasoned analysts. Via our platform, you gain entry to comprehensive broker reviews, rankings, detailed comparisons, the latest broker news, and a calendar of worldwide Forex events.
