Celestial Trading Ltd / Tradeinvest90 - Warnings Published by Austrian Financial Market Authority (FMA), Financial Service Authority (FSA) / Financial Regulator / Financial Conduct Authority (FCA)
Celestial Trading Ltd / Tradeinvest90: FMA stops trading platform
The trading platform Tradeinvest90 / Celestial Trading Ltd / Tradeinvest90 was created by "financial market veterans" and offers "endless market opportunities". On the provider's website of Celestial Trading Ltd / Tradeinvest90 you can read: "TRADEINVEST90 is an online trading provider that offers over 1,000 financial assets traded in CFDs and FX".
But according to the Financial Market Authority FMA, the provider is not entitled to provide banking business in Austria.
According to the BaFin and a report from the Austrian Financial Market Authority (FMA) in connection with the Tradovest side, the FMA announced in the official gazette "Wiener Zeitung" dated 13.02.2019 that Celestial Trading Ltd / Tradeinvest90 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, Celestial Trading Ltd / Tradeinvest90
Warnings from supervisory authorities have been issued in regard to Celestial Trading Ltd / Tradeinvest90. List of warnings issued by financial supervisory authorities regarding Celestial Trading Ltd / Tradeinvest90 in EU/EEA-countries can be seen as follows:
The Austrian Financial Market Authority (FMA) added the unregulated firm Celestial Trading Ltd / Tradeinvest90 to its warning list. The regulator stated that this entity Celestial Trading Ltd / Tradeinvest90 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
Celestial Trading Ltd / Tradeinvest90
www.tradeinvest90.com (Link to external page. Opens in new window.)
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 Celestial Trading Ltd / Tradeinvest90 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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