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ProMarkets Finance ‘falsely purporting to be authorised & licensed’ in VI- FSC

The British Virgin Islands Financial Services Commission (BVI FSC) is alerting the public that ProMarkets Finance is 'falsely purporting' to be authorised and licensed in the [British] Virgin Islands (VI) for the purpose of providing an investment platform as an entity licensed and regulated by the FSC. Photo: promarketsfinance.com
ProMarkets Finance claims it is fully regulated in five different main markets. Photo: promarketsfinance.com
ProMarkets Finance claims it is fully regulated in five different main markets. Photo: promarketsfinance.com
The BVI FSC said members of the public are advised to exercise extreme caution and to avoid conducting any business with ProMarkets Finance. Photo: fxshellpro.com
The BVI FSC said members of the public are advised to exercise extreme caution and to avoid conducting any business with ProMarkets Finance. Photo: fxshellpro.com
PASEA ESTATE, Tortola, VI- The British Virgin Islands Financial Services Commission (BVI FSC) is alerting the public that ProMarkets Finance, using the website address https://promarketsfinance.com, is “falsely purporting” to be authorised and licensed in the [British] Virgin Islands (VI) for the purpose of providing an investment platform as an entity licensed and regulated by the FSC.

In a statement on January 2, 2024, the BVI FSC said it “considers it necessary to issue this Public Statement in order to protect the customers, creditors or persons who may have been solicited to conduct business by PROMARKETS FINANCE and to make the general public aware that the entity has never been licensed or regulated by the FSC to carry on any type of financial services business” in or from within the territory of the Virgin Islands.

ProMarkets Finance boasts of being fully regulated in VI

ProMarkets Finance on its website said its goal is to provide investors around the world with access to the latest technologies and unparalleled support and is “committed to shaping the future of investing.”

It also boasts of being “fully regulated” in five different main markets, which are Europe, United Kingdom, [British] Virgin Islands, Australia and South Africa.

The FSC said members of the public are advised to exercise extreme caution and to avoid conducting any business with ProMarkets Finance.

“The public is invited to provide the FSC with any relevant information on any questionable entities that are purportedly operating in or from within the Territory and on any improper activities engaged in by such entities.”

The FSC said it has issued this Public Statement pursuant to Section 37A of the Financial Services Commission Act, 2001.

14 Responses to “ProMarkets Finance ‘falsely purporting to be authorised & licensed’ in VI- FSC”

  • one eye (05/01/2024, 10:31) Like (4) Dislike (4) Reply
    It’s time the FSC wakes up
  • Goveernment (05/01/2024, 10:44) Like (6) Dislike (5) Reply
    What the hell. Do your jobs. Why are they still in operation? Why are they still open and not closed down?
    • @ Government/Reuglator (05/01/2024, 15:11) Like (5) Dislike (0) Reply
      You do understand that the company is not actually licensed or located here, but is just claiming to be. If they are actually licensed in another county, only that jurisdiction can revoked their license.

      However, because of their claim, the Commision is alerting the public that are not not regulated here as claimed.

      Further, the company is not license in the BVI, therefore, there is nothing to liquidate,
  • Regulator (05/01/2024, 11:23) Like (6) Dislike (1) Reply
    The Attorney General has the ability to apply to Court for the Company to be put into liquidation on a just and equitable basis - would be good to see the AG start exercising her powers in this way as no-one else can do anything about this type of thing.
    • B (05/01/2024, 15:18) Like (4) Dislike (0) Reply
      If they are not located or registered here what is the age supposed to do, they may not even be a real company just some shady folks trying a scam.
  • 2024 (05/01/2024, 12:39) Like (1) Dislike (1) Reply
    maybe UK pushing certain stuff to see how those with responsibility respond: 2024 maybe a testing for our people and those with given responsibility should have strong integrity while standing Firm for the future of the people
  • question (05/01/2024, 13:16) Like (1) Dislike (0) Reply
    The website for ProMarkets Finance says its office is on the 6th Floor of Luna Tower, Waterfront Drive. Does anyone know where that building is?
    • hmm (05/01/2024, 13:30) Like (1) Dislike (0) Reply
      The newish brightly coloured orange and blue building. A simple google search will reveal a multitude of Trust companies with offices at that location.
    • @Question (05/01/2024, 15:35) Like (0) Dislike (0) Reply
      Luna Tower is the vacant orange and blue building near bolos and Bobby’s
    • answer (05/01/2024, 15:41) Like (1) Dislike (0) Reply
      Must be the hospital
    • Luna Tower (06/01/2024, 07:40) Like (0) Dislike (0) Reply
      It’s the Linton Wheatley building
  • …… (06/01/2024, 06:52) Like (1) Dislike (0) Reply
    Reading is fundamental. Please read to understand!
  • SAY ONE SAY TWO (07/01/2024, 18:11) Like (0) Dislike (0) Reply
    WHY IS IT THAT THEY ARE NOT ACCEPTING OUR ( NHI CARD ) AT PEEBLES HOSPITAL TO DO A LAB TEST
    FOR A RENEWAL OF A DRIVERS LICENSE AFTER YOU PASSED 70 YEARS ? AND AS I WAS TOLD IT IS TAKEN ELSEWHERE FOR THE SAME TESTS / WILL THE MINISTER FOR HEALTH PLEASE ENLIGHTEN THE PEOPLE ~ THATS YOU ,
    MR VINCENT - THE PRINCE OF VG CAN YOU PLEASE DO SOMETHING ABOUT THAT FIASCO


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