Luxembourg's Cssf Issues Alert Against Closed To Other Unlicensed Forex Investment Outfit: Millionet Investment Management Limited
Commission de Surveillance du Secteur Financier (CSSF), the Grand Duchy of Luxembourg way tasked amongst overseeing the activities of fiscal entities inwards the country, has issued a alert against Millionet Investment Management Limited.
Millionet’s website (millionetasia.com) claims the companionship is headquartered inwards Luxembourg, amongst offices inwards Asia, Europe, Africa in addition to the Middle East, however, CSSF has said that Millionet has no license to offering whatsoever form of investment products to residents of Luxembourg:
“The CSSF informs the populace that the entity Millionet Investment Management Limited is unknown to it in addition to that the entity has non been granted the authorization required to render investment, fund administration or other fiscal services inwards or from Luxembourg.“The Investor Benefits page claims that clients tin move create goodness yesteryear having their accounts managed yesteryear experienced fund managers, “No Paper operate involved in addition to slow formalities,” claims Millionet.
This unlicensed outfit too claims to teach by Forex, Gold, Silver, Stock Index Futures in addition to CFD portfolios for clients.
Last week, the CSSF too issued a warning against Zidex Financials, about other unlicensed Forex broker that claims to endure based inwards Luxembourg.
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