Warnings about unregulated brokers and fraudulent cryptocurrency exchange came from the UK and New Zealand.
British regulator Financial Conduct Authority highlighted three forex brokers: InstaFX24, Capitals Banks and Bestinvest. The first one supposedly resides in the Marshall Islands, while the other two in London.
But they all offer their services in Britain, among other things, without the necessary authorization. These are completely unregulated brokers, so client’s funds are not protected.
The New Zealand FMA regulator then warned against Coin Link NZ at Coinlinknz.co.nz. While Coin Link NZ Limited is a regulated company, Coinlinknz.co.nz has nothing to do with it and operates a fraudulent cryptocurrency exchange.