The FMA warns investors against concluding banking transactions requiring a licence with GetcoPro

The FMA warns investors against concluding banking transactions requiring a licence with GetcoPro

Austria

  • 10/8/2018
  • Warning
  • FINANZMARKTAUFSICHTSBEHÖRDE
Unregulated

Detail

GetcoPro

with its registered address apparently at

100 Pall Mall
St James
London SW1Y 5NQ
United Kingdom

Tel: +442033185161
support@getcopro.com
getcopro.com

is not entitled to carry out banking transactions in Austria that require a licence. The provider is therefore not permitted to trade in financial futures contracts (futures) on its own account or on the account of others, including equivalent instruments settled in cash as well as call and put options on the instruments listed in Article 1 para. 1 no. 7 points a and d to f of the Banking Act (BWG; Bankwesengesetz), including equivalent instruments settled in cash (futures and options business) pursuant to Article 1 para. 1 no. 7 point c BWG.

Source Link

https://www.fma.gv.at/en/getcopro/