Advisory Warning No. 22 of 2015 - XPMarkets Ltd (31 December 2015)

Advisory Warning No. 22 of 2015

31 December, 2015

ADVISORY WARNING

Tortola, British Virgin Islands – 31 December 2015 – The British Virgin Islands Financial Services Commission (“FSC”) has been made aware that an entity calling itself XPMarkets Ltd., has been offering online investment products and trading in other forex related products and services, and presents itself as being incorporated and registered in the Virgin Islands.

XPMarkets Ltd. offers its products and services through a website located at www.xpmarkets.com which falsely claims to be headquartered in the Virgin Islands.

The FSC can confirm that XPMarkets Ltd., has never been registered or incorporated as a business company in the Virgin Islands. XPMarkets Ltd., has also never been licensed by the FSC to carry on financial services business in or from within the Virgin Islands.

Members of the public are therefore advised to exercise extreme caution if solicited at any time by or conducting any business with XPMarkets Ltd. 

The public is invited to provide the FSC with any relevant information on this, and any other questionable entities that are purportedly operating in or from within the Virgin Islands.

The FSC is issuing this Advisory Warning under Section 4(1)(l) of the Financial Services Commission Act, 2001.