FMA warns against iForex24 and Xmarkets

The Austrian financial regulator FMA warned the public against two Forex brokers.

iForex24 and Xmarkets are both based in Marshall Islands, however they bot are obviously targeting European customers.

It’s certainly the case with Austria, but neither of these broker is regulated, which means they have no authorization to provide investment services in any country that regulates trading.

This is why the FMA has placed iForex24 and Xmarkets on a black list.

For your trading use regulated brokers only.