Royal Forex Trading Ltd. - Advisory Warning No. 8 of 2010 (2010-12-10)

Summary

This is a public advisory issued by the BVI Financial Services Commission warning that Royal Forex Trading Ltd is not incorporated, registered or licensed in the British Virgin Islands, despite claiming otherwise on its website. The notice is intended to protect the public from dealing with an entity falsely holding itself out as a BVI-licensed financial services provider.

• Entity named: Royal Forex Trading Ltd, operating via www.royalforextrade.com, claims incorporation in the USA and registration/licensing in the BVI
• FSC finding: Royal Forex Trading Ltd has never been incorporated, registered, or licensed by the Commission
• Legal basis: Issued under Section 4(1)(l) of the Financial Services Commission Act, 2001
• Public guidance: Members of the public are advised to exercise extreme caution in any dealings with this entity and to report information on questionable entities to the Commission

Applies to

members of the public, unlicensed forex investment scheme (Royal Forex Trading Ltd)