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The strict Australian watchdog, the Australian Securities and Investments Commission (ASIC) issued a warning against Market City International SRL (Market City International), trading as BROKERS500 through the website www.brokers500.com on Tuesday.

BROKERS500 calls itself as being to top online trading broker, with focus on stocks, commodities, CFDs and currencies. Moreover, the company presents itself to be holding an Australian financial services licence (License No. V0046651). The Australian regulator ASIC reminds that this is naturally false and misleading. Furthermore, “Market City” is already a registered name of the Perth Market authority, what is an agency in Western Australia with such a number (V0046651). So this Perth Market Authority has absolutely no relation to the above-mentioned broker Market City International

ASIC presents his worries that all the customers could face problems with the broker and suffer losses after his misleading. ASIC has already undertaken couple of unsuccessful steps to contact the broker without any response, so this only confirmed the concerns.

OSC warns against Bloombex Options

The Ontario Securities Commission (OSC) has also updated its blacklist, which comprises of companies and individuals, providing services on the financial market, which pose risk to investors in any way.

The latest update of the Warning List saw the binary options broker Bloombex-Options, with the main website www.bloombex-options.com. The warning had to be technically issued to the official address and the companies – Bloombex Ltd., and Pilpel Capital Ltd., operating Bloombex-Options. The company’s offices were listed by the OSC as 20 – 22 Wenlock Road, London, N17GU United Kingdom.

As the OSC mentioned, Bloombex is not registered in Ontario, Canada and provides financial services, engages in the business of trading in securities or advising anyone with respect to investing in, buying or selling securities.

This is not the first warning we could see against Bloombex. OSC joined only other financial regulators in Europe, which already updated their warnings lists of the company, like CySEC in Cyprus, Consob in Italy or Swiss FINMA.

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