Advisory Warning No. 22 of 2015 - XPMarkets Ltd (2015-12-31)

Summary

This is a public advisory issued by the British Virgin Islands Financial Services Commission (FSC) warning about an entity calling itself XPMarkets Ltd, which offers online investment products and forex-related trading services via www.xpmarkets.com and falsely claims to be incorporated and headquartered in the Virgin Islands.

• Not registered: XPMarkets Ltd has never been registered or incorporated as a business company in the Virgin Islands.
• Not licensed: XPMarkets Ltd has never been licensed by the FSC to carry on financial services business in or from within the Virgin Islands.
• Basis for warning: The FSC issues this Advisory Warning under Section 4(1)(l) of the Financial Services Commission Act, 2001.

The FSC advises members of the public to exercise extreme caution if solicited by or dealing with XPMarkets Ltd, and invites the public to report any information about this or other questionable entities purportedly operating in or from the Virgin Islands. The notice is informational and does not impose ongoing compliance obligations on regulated entities.