The Austrian Financial Market Authority (FMA) added the unregulated firm Xtrader-FX GPay Ltd to its warning list. The regulator stated that this entity Xtrader-FX GPay Ltd 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.
By publication in the official gazette “Amtsblatt zur Wiener Zeitung” the FMA informed that
Xtrader-FX, GPay Ltd
18 Stoke Road Slough, SL2 5AG, United Kingdom,
www.xtrader-fx.com, Xtrader-FX GPay Ltd
+44 2039 666 921
+49 3030 80 6693
+43 720 77 89 46
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.
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:
> Avoid Fraud, Rip Deals, Investment Frauds: Protect Your Money
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