“Stella Markets”, Goldstone Group Ltd - Warnings Published by Financial Service Authorities (FSA, FMA) / Financial Regulator / Financial Conduct Authority (FCA)
Warnings from supervisory authorities have been issued
Warnings from supervisory authorities have been issued in regard to this company. List of warnings issued by financial supervisory authorities in EU/EEA-countries can be seen as follows:
The Austrian Financial Market Authority (FMA) added unregulated crypto and forex broker Stella Markets to its warning list. The regulator stated that this entity is not allowed to trade on a commercial basis on its own account, nor on behalf of others, as these transactions in Austria require a license.
Stella Markets is owned by an offshore company, Goldstone Group Ltd., and as such is not allowed to operate on any regulated financial market, including the European Union, part of which is Austria. According to stellamarkets.com Stella Markets offers trading in cryptocurrencies, forex, commodities, stocks, equities and metals on the popular MetaTrader4 platform.
By publication in the official gazette “Amtsblatt zur Wiener Zeitung” on 23.03.2019, the FMA hereby informs that
Goldstone Group Ltd
St. Vincent & the Grenadines
is not entitled to carry out banking transactions in Austria that require a licence. The provider is therefore neither permitted to trade on a commercial basis on its own account or on behalf of others (Article 1 para. 1 no. 7 BWG).
According to the provided information on these websites it is believed that this firm has been providing financial services or products without authorisation. In cases of investment companies / firms which are acting without authorisation of the relevant financial supervisory authority and which are targeting people in the EU precaution is recommended. Find out how to protect yourself from scammers and possible investment frauds by reviewing our provided information as follows:
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