Hong Kong’s SFC Adds FX Protrade To Its Warning List

[kreslik.news]

Hong Kong’s Securities and Futures Commission (SFC), an independent regulatory body in Hong Kong, has today issued a warning against a UK-based unlicenced entity, FX Protrade, a forex broker operating online as www.fxprotrade.com. The company is also associated with 5Markets Ltd, another unlicenced company on the SFC’s alert list which uses a Hong Kong bank account in the name of Markets Technologies Limited for settlement.

The SFC has advised potential investors not to do business with this broker, pointing out that unlicensed entities often use names similar to legitimate companies to confuse investors.

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