The Austrian Financial Market Authority (FMA) and the Financial Conduct Authority (FCA) added the unregulated firm Velmon Enterprise Ltd (“FX Market Pro”) to its warning list. The regulator stated that this entity Velmon Enterprise Ltd (“FX Market Pro”) 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
Velmon Enterprise Ltd (“FX Market Pro”)
Trust Company Complex, Ajeltake Road, Majuro
Marshall Islands MH96960
is not entitled to carry out banking transactions in Austria that require a licence.
According to the provided information on these websites it is believed that Velmon Enterprise Ltd (“FX Market Pro”) 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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