Swiss FINMA warns against Capital Swiss FX and FSMsmart

The Swiss regulator FINMA has added two Forex brokers to its black list of unregulated entities.

The first addition to the black list is CapitalSwissFX, which is a Forex broker that also offers trading with cryptocurrencies.

Capital Swiss FX has nothing to do with Switzerland, it is not regulated, not even in the United Kingdom where it allegedly is based.

The second addition to the black list is FSMsmart, which is a Forex broker that already was subject to an alert from the national financial regulator of New Zealand (FMA).

FSMsmart is not regulated, it has no authorization to provide investment services.

For trading use regulated brokers only.

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