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The Austrian FMA Has Issued A Warning Against The Offshore Broker BEST STOCKS TRADE
Abstract：The Austrian financial regulator Finanzmarktaufsicht (FMA) has issued a warning about Best Stocks Trade, commonly known as Bstrade, which operates from the website bstrade.co.
The Austrian financial regulator Finanzmarktaufsicht (FMA) has issued a warning about Best Stocks Trade, commonly known as Bstrade, which operates from the website bstrade.co.
Here is the full article from FMA: https://www.fma.gv.at/en/bstrade-best-stocks-trade/
Best Stocks Trade looks to be an offshore broker based in St. Vincent and the Grenadines that provides trading in stocks and indices, CFDs, Forex, and commodities. The firm intends to target many European markets, especially English, Spanish, Italian, and German-speaking nations.
The Italian regulator Commissione Nazionale per le Società e la Borsa has put Bstrade.co and its operator Florishing Group LLC to its blacklist (CONSOB).
Here is the full article from CONSOB: https://www.consob.it/web/consob-and-its-activities/warnings？viewId=ultime_com_tutela
According to the FMA, this supplier is not permitted to conduct financial transactions in Austria that need a license. As a result, the supplier is not able to trade commercially on its own or behalf of others.
You can check out more of Best Stocks Trade here: https://www.wikifx.com/en/dealer/1366792050.html
Stay tuned for more Forex regulatory news.
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Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
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