Master Polar Limited - Advisory Warning No. 5 of 2013 (2013-03-13)

Summary

This is a public advisory warning issued by the BVI Financial Services Commission (FSC) about Master Polar Limited, a BVI business company operating the website www.masterpolar.com and offering online CFD and forex trading services. The FSC confirms that this entity is not, and has never been, licensed or regulated by the FSC in the British Virgin Islands.

• Warning: Master Polar Limited is offering online trading in contracts for differences and other forex related business without any licence or regulatory authorisation from the FSC.
• Public advice: Members of the public are advised to exercise extreme caution in conducting any transactions with Master Polar Limited.
• Call for information: The public is invited to report to the FSC any relevant information on questionable entities operating in or from the BVI, and on any improper or illegal activities by such entities.
• Legal basis: The advisory is issued under Section 4(1)(l) of the Financial Services Commission Act, 2001.

This is an informational public alert rather than a rule or regulatory requirement; it does not itself impose compliance obligations on licensees, but warns the public and industry to avoid dealing with this unlicensed entity.

Applies to

members of the public, unlicensed entities purportedly operating in or from the British Virgin Islands