FXPace Review: European Financial Authorities Issue Warnings on Salvax FX ltd.FXPace Review and Regulation is a Forex broker review, written by Financial Fraud Lawyer. We are a network of fraud lawyers specializing in Forex scam, Crypto scam, and lost funds recovery.
Based on public information provided by the financial authorities of the United Kingdom (Financial Conduct Authority – FCA), France (Autorité des Marchés Financiers – AMF), Spain (Comisión Nacional del Mercado de Valores – CNMV), Italy (Italian financial regulator CONSOB) Switzerland (Swiss Financial Market Supervisory Authority – FINMA), Financial Fraud Lawyer reports in FXPace Review that Salvax FX ltd., Notesco Financial Services Ltd and IronFX’s companies mishandled thousands of traders in Europe.
FXPace Review summarizes the current absence of regulation of FXPace Salvax FX ltd and provides different official warnings against trading with this company.
FXPace Review | Homepage – screen capture from FXPace homepage website, https://www.fxpace.com, November 28, 2020
Salvax Limited and Notesco Pty Limited Operators of FXPace
Salvax Limited is an offshore company registered in the Bermudes which operates FXPace and other unregulated platforms such as FX Suit and Navitas Markets. Salvax Limited is not regulated by the FCA in the UK or the Cyprus Securities and Exchange Commission and therefore cannot provide financial services in Europe.
Trading with an EU regulated platform is the only way to be secure about your investment as it gives ethical reliability and legal protection.
Notesco Pty Limited is registered and regulated by the Australian Authority and operates FXPace and other platform such as IronFX, Office Forex, argomarkets FXFellow.
FXPace Review | from FXPace Order Execution Policy | Salvax ltd. | financial fraud lawyer | Mikov & Attorneys
As FXPace is the only one ensuring no conflict of interest with their client, is it possible to trust them?
FXPaceReview – Warning:
In order to provide financial services, FXPace needs to be regulated. Salvax Limited and Notesco Pty Limited do not have such regulations in the EU. Therefore, FXPace should not provide financial services in the EU.
FXPace Review: Spanish Financial Commission CNMV Issues Warning on Salvax Limited
FXPace Review | Spanish financial regulator CNMV issues warning on unregistered firms – FXPACE SALVAX ltd | financial fraud lawyer | Mikov & Attorneys
On January 13th, 2020, The Commission Nacional Del Mercado DE Valores – CNMV – warned the public on the unregistered firms Salvax LTD, FXPace, and FXSuit, part of the same group.
The CNMV reminds the public that such platforms are not authorized to provide investment services in Europe.
FXPace Review: Italian Financial Commission CONSOB Issues Warning On Salvax Limited
FXPace Review | Italian financial regulator CONSOB issues warning on Salvax Limited| financial fraud lawyer | Mikov & Attorneys |
On June 8th, 2020, The Autorita Italiana per la vigilanza dei Mercati Financziari – CONSOB – reported the company and websites of Salvax LTD as offering investment and financial services without the required authorization.
FXPace Review | Italian financial regulator CONSOB issues warning on Salvax Limited| financial fraud lawyer | Mikov & Attorneys |
FXPace Review: Belgium Financial Services and Markets Authority – FSMA – Issues Warning on Salvax Limited
FXPace Review | Belgium Financial Services and Markets Authority FSMA issues warning on Salvax Limited| financial fraud lawyer | Mikov & Attorneys |
On January 13th, 2020, the Financial Services and Markets Authority reported warnings by foreign authorities members of esma-pol.
The company and websites of Salvax LTD were mentioned as offering investment and financial services without the required authorization.
FXPace Review: Danish Financial Supervisory Authority Issues Warning on Salvax Limited
FXPace Review | Danish Financial Supervisory Authority issues warning on Salvax Limited| financial fraud lawyer | Mikov & Attorneys |
Following the warnings of other members of the ESMA-POL, on the 13th January 2020, the Danish Financial Supervisory Authority listed FX PACE, Salvax ltd, as a company offering investment and financial services without the required authorization.
FXPace review | Danish Financial Supervisory Authority issues warning on Salvax Limited| financial fraud lawyer | Mikov & Attorneys
FXPace Review – Forex Peace Army Forum: Forex Scam Confirmation
FXPace Review | Forex Peace Army FxPace Review | SCAM | financial fraud lawyer | Mikov & Attorneys |
FXPace Review – Warning:
Forex Peace Army, in FXPace review, recommends against dealing with FXPace as some part of it are under the company Salvax ltd and others – under Notesco, owned by IronFx. IronFX and all companies using their license have been labeled as a Forex scam by the platform.
Fxpace Review By Financial Fraud Lawyer, Law Firm Mikov & Attorneys
Law Firm Mikov and Attorneys has written several articles about IronFX, Notesco ltd such as:
– La Maison Du Placement & IronFX
– Illegal Scheme between La Maison du Placement and IronFX?
– A Group of Victims against Dr. Trader and IronFX
FXPace Review is the third review of a platform implicated in unregulated financial services. Our Law Firm is currently representing victims of FXPace, IronFX, and Notesco. Based on European financial authorities’ announcements and our experience, we warn the public about the risks when investing in FXPace.
FXPace Review | from FXPace homepage website | Salvax ltd. | financial fraud lawyer | Mikov & Attorneys
Table of Contents: FXPace Review by European Financial Authorities Issue Warnings on Salvax FX ltd.
- FXPace Review: European Financial Authorities Issue Warnings on Salvax FX ltd.
- Salvax Limited and Notesco Pty Limited Operators of FXPace
- FXPpace Review: Spanish Financial Commission CNMV Issues Warning on Salvax Limited
- FXPpace Review: Italian Financial Commission CONSOB Issues Warning On Salvax Limited
- FXPace Review: Belgium Financial Services and Markets Authority – FSMA – Issues Warning on Salvax Limited
- FXPace Review: Danish Financial Supervisory Authority Issues Warning on Salvax Limited
- FXPace Review – Forex Peace Army Forum: Forex Scam Confirmation
- Fxpace Review By Financial Fraud Lawyer, Law Firm Mikov & Attorneys
Sources Used In FXPace Review:
FXPace Review source 1 – Cyprus Securities and Exchange Commission – CySEC Investment firms information: https://www.cysec.gov.cy/en-GB/entities/investment-firms/cypriot/42661/ , November 25, 2020
FXPace Review source 2 – FXPace website – Home Page and Terms of Use www. FXPace.com, November 25, 2020
FXPace Review source 3 – Forex Peace Army – https://www.forexpeacearmy.com/forex-reviews/15684/fxpace-forex-brokers, November 25, 2020
FXPace Review source 4 – DIRECTIVE 2014/65/EU OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL – MiFID – https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=celex%3A32014L0065 , November 25, 2020
FXPace Review source 5 – Danish Financial Supervisory Authority issues warning on Salvax Limited| financial fraud lawyer | Mikov & attorney | https://www.dfsa.dk/News/Advarsler-fra-andre-tilsynsmyndigheder, November 25, 2020
FXPace Review source 6 – Belgium Financial Services and Markets Authority FSMA issues warning on Salvax Limited| financial fraud lawyer | Mikov & attorney |https://www.fsma.be/en/warnings-illegal-soliciting-savings-public-warnings-foreign-authorities-who-are-members-esma-pol, November 25, 2020
FXPace Review source 7 – Spanish financial regulator CNMV issue warning on unregistered firms – FXPace SALVAX ltd | financial fraud lawyer | Mikov & attorney, November 25, 2020
FXPace Review source 8 –Italian financial regulator CONSOB issues warning on Salvax Limited| financial fraud lawyer | Mikov & attorney | http://www.consob.it/web/consob-and-its-activities/warnings?viewId=ultime_com_tutela, November 25, 2020
FXPace Review source 9 – Fintelegram https://fintelegram.co.uk/cysec-scam-tourism-spanish-police-arrested-boiler-room-agents-in-ironfx-scheme/, November 25, 2020
The Fraud lawyers at Law Firm Mikov & Attorneys and the author of this FXPace Review are regularly engaged in the collection and dissemination of financial brokers’ information to the public. FXPace Review aims at sharing experiences and warning the interested parties. FXPace Review was written in good faith, based on public information from Financial Public Authorities, dating from November 2020.
