Regulators from Switzerland and France have warned of three new unregulated brokers.
Swiss FINMA blacklisted Trade Capital Investments and Alliance Capitals.
Trade Capital is a broker that offers trading in Forex currencies and cryptocurrencies. He is supposed to have his seat in Geneva. Alliance Capitals offers cryptocurrency trading and mining services. Its headquarters are in Zurich.
According to FINMA, both companies offer services that are subject to regulation, but neither is authorized to provide them, both companies are unregulated.
The British FCA then warned of a London Equity broker offering CFD trading with various underlying assets such as currencies or equities.
Broker claims to be based in London, but has no valid authorization to provide investment services, is unregulated.
