The boom in retail investment from mobile devices was latent during 2020 and after confinement. From that moment on, the most in-demand assets were shares of technology companies and even cryptocurrencies for the most risky. Now, the current economic situation is very different, although this investment trend remains strong. However, not all digital platforms are reliable and, sometimes, the investor may even lose the entire investment. This would be the case of financial beach bars. As defined by the National Securities Market Commission on its website, they are entities and people that are not authorized to act in the securities markets or provide investment services provided for in the Securities Market Law.
The financial authorities have tightened their grip this week on a company located in the vicinity of Plácido Domingo Street in San Fernando de Maspalomas in case it could be engaging in toxic professional practices with false investment advice. The CNMV has set up a telephone number, 900 535 015, to which investors can contact to check if an entity is registered and invites them to report on offers of investment services from unregistered entities through its inquiry form. or its infringement communication channel.
In August 2024, the CNMV already warned about GCMPro and five other unregistered financial entities that, therefore, are not authorized to provide investment services. Specifically, the organization has warned about Ipromarkets (ipromarkets.com); Royals Academy (royalsacademy.es); Limmercoin (limmercoin.io); Delta Trend (delta-trend.com); Zztrading (zztrading.io). The CNMV states that these companies are not registered in the corresponding registry and, therefore, are not authorized to provide investment services or other activities subject to its supervision. In addition, remember that its warnings about 'financial scams' and those of international supervisors can be consulted through its website.
Already in 2023 the CNMV already warned about Pro Trade (protradecentre.com); SwiftecFX (swiftecfx.com); Okmiu Limited (okmiu.com); Funds Trade FX (fundstradefx.com); Bina XBT (trade.binaxbt.com); Baer Group Corporation (baer-group.com/en); Finex Trader (fineextrader.com); Smart Life Digital (smart-life.digital); Bitbridges (bitbridges.com) and StartTrader (starttrader.com).
