YorkCG and the home for professional traders - Warning Published by Austrian Financial Market Authority (FMA)
The trading platform YORKCG states that they have the most advanced account types, packed with a wide variety of special investing tools that could upgrade your trading experience. YorkCG should be an online trading platform providing its customers the option to trade on over 1,000 underlying assets such as currencies, indices, commodities and stocks.
But according to the Financial Market Authority FMA, the provider is not entitled to provide banking business in Austria.
According to a report from the Austrian Financial Market Authority (FMA), the FMA announced in the official gazette "Wiener Zeitung" that YorkCG is not authorized to provide banking transactions requiring a license in Austria. Therefore, the provider is not permitted to trade on its own or for another's account (§ 1 para. 1 no. 7 BWG).
Warnings from supervisory authorities have been issued, YorkCG
Warnings from supervisory authorities have been issued in regard to YorkCG. List of warnings issued by financial supervisory authorities regarding YorkCG in EU/EEA-countries can be seen as follows:
The Austrian Financial Market Authority (FMA) added the unregulated firm YorkCG to its warning list. The regulator stated that this entity YorkCG 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
YORKCG, Beachmont Business Centre, Suite 37, Kingstown, St. Vincent und die Grenadinen
Tel.: +44 2033180401, +43 720880145, +61 394520463
Web: www.yorkcg.com, E-Mail: support[@]yorkcg.com, Anna.di[@]yorkcgservices.com
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 YorkCG 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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