CNMV Warning: These FX Brokers are NOT Authorized

May 22, 2023, six unauthorized forex brokers were warned by CNMV, the Spanish regulator.

Pursuant to the second paragraph of Article 17 of the Securities Markets Law (recast text approved by Royal Legislative Decree 4/2015, of 23 October), the Comisión Nacional del Mercado de Valores (National Securities Market Commission) warns that the below firms are not authorised to provide the investment services set out in Article 140 of the Spanish Securities Markets Act, which include investment advice, or to provide the ancillary services detailed in Article 141(a), (b), (d), (f) and (g) of said Act in relation to the financial instruments indicated in Article 2 of said Act, including, for such purposes, foreign currency transactions.

1. SurgeTrader/ VALO HOLDINGS GROUP

Website: https://surgetrader.com/

2. ImportCapital

Website: https://importcapital.cc/

The broker was also warned by UK's FCA and the Spanish CNMV.

3. Polar BTC

Website: https://www.polarbtc.com/

The broker was also warned by UK's FCA and the French AMF.

4. CTmatador / WIND HOLDINGS LTD

Website: https://ctmatador.com/

BrokersView exposed CTmatador on June 2022.

The broker was also warned by the Belgian FSMA, the Swiss FINMA, and Spanish CNMV.

5. ADRSWAP

Website: https://www.adrswap.com/

6. LENZ CAPITAL

Website: https://lenzcapital.pro/