Image credit: plubee.com Commission de Surveillance du Secteur Financier (CSSF), the Grand Duchy of Luxembourg way tasked alongside 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, alongside offices inwards Asia, Europe, Africa as well as the Middle East, however, CSSF has said that
Millionet has no license to offering whatever form of investment products to residents of Luxembourg:
“The CSSF informs the populace that the entity Millionet Investment Management Limited is unknown to it as well as that the entity has non been granted the authorization required to supply investment, fund administration or other fiscal services inwards or from Luxembourg.“
The Investor Benefits page claims that clients tin halt produce goodness yesteryear having their accounts managed yesteryear experienced fund managers, “No Paper operate involved as well as slow formalities,” claims Millionet.
This unlicensed outfit besides claims to get out Forex, Gold, Silver, Stock Index Futures as well as CFD portfolios for clients.
Last week, the CSSF besides issued a
warning against Zidex Financials, around other unlicensed Forex broker that claims to locomote based inwards Luxembourg.