AMF Flagged Brokers

If done properly, online trading can be a useful tool for increasing your savings. This entails exercising caution when selecting brokers to engage with and thoroughly investigating brokers prior to creating an account.

A license is the first item you should search for. These licenses are granted by regulatory bodies that also handle customer complaints, monitor compliance with rules, and, in some situations, discipline brokers.

Without a license, there is no regulator in place to keep an eye on the broker and guarantee their actions, and it will be challenging to pursue legal action if you have lost money with them.

Monitoring the market and alerting the public to brokers who are operating without a license or who are involved in unethical or occasionally illegal activity is one of the regulators’ most essential roles. We have compiled and are always updating this list of brokers to protect you from phony and dishonest trading services and to educate you about the realities of broker scams.

About the AMF

Located in France, the Autorite Des Marches Financiers, or AMF, is a separate public body. They were founded in 2003 with the intention of

preserving savings and investments in financial services and goods
Give details regarding financial services.
uphold and control the financial markets
The Markets in Financial Instruments Directive (MiFID) governs the AMF’s operations. Brokers can obtain licenses from it upon meeting specific requirements or completing a course. They conduct routine inspections on their licensed brokers to make sure they are adhering to rules and satisfying reporting obligations.

Like other authorities, the AMF alerts the public when brokers and financial services break the law or lack a license.

Why Did the AMF Flag These Brokers?

The AMF has flagged the brokers on the list below. This regulator has become aware of these financial services for one or more of the following reasons:

Absent a license
Failure to Comply with Regulations
Unfounded assertions
Client Grievances
Revocation of license
brokers of clones

Although not all of the problems with these brokers are included here, these are the main ones for which AMF may alert the public.

If an unlicensed broker works with clients in an area where it is not authorized to operate, the AMF may report them. These clients are frequently found in France and other nations under AMF regulation. The broker does not have a license to deal with French clients, even if they pretend to be French or have a French base of business. Regulation non-compliance can relate to a number of issues, such as breaking the laws governing European and French brokers.

Fraud brokers frequently make unsubstantiated statements. For example, they might make fictitious assurances of returns on investment or pretend to have credentials that they do not. Due to numerous complaints from customers that AMF has received regarding them, many brokers are blacklisted. In addition, the public will be informed by the regulator if a broker’s license is revoked.