Bank of Lithuania

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Illegal financial services


The list of entities without the right to provide investment services in Lithuania

Updated 21 September 2018
The Bank of Lithuania, having assessed available information and aiming at protecting investor interests, has updated the list of entities without the right to provide investment services in Lithuania yet offering them, and providing trading possibilities on the websites administered by them.

Website Name of the company
https://get-financial.com/ Get Financial Markets Ltd.
https://www.marketscube.com/ Prisma Global LTD
https://vortex-finance.com Vortex Finance Ltd.
https://bbmtrade.com/ BullBearMarkets Ltd.
https://www.midasglobe.com/ Valley Marketing Ltd.
https://www.fxnobel.com/ Glencoe Partners LTD
Cohen Group EOOD
https://ct-trade.com/ CT-Trade
https://www.superbinary.com/ Maxi Platinum Ltd.
Strategy One Ltd.
www.forex.com GAIN Global Markets Inc.
https://forexbotpro.com/ Trademark – Forex Bot Pro
www.manouzdarbis.com No data
www.crypto5.com Indy Group Ltd.
http://gtrtrade.com/ Trademark - GTRtrade
https://skyway.capital/lt/lt/ FIRST SKYWAY INVEST GROUP LTD.
https://markets-invest.com/ International WEB Brokers Limited (trademark – Markets Invest)
https://www.fx-dealer.com International WEB Brokers Limited (trademark – FX-Dealer)
https://www.globalintergold.com/ Global I Gold Online Limited (trademark – Global InterGold)
https://cfds100.com/ TRSystem Ltd. (trademark – CFDS100)
https://www.greenfieldscapital.com/ KINTEKA OU (trademark  Green Fields Capital)
www.fx-liutas.com Bitday Limited
https://gfbroker.com/ International WEB Brokers Limited
https://www.maximarkets.org/ Maxi Platinum Ltd
Maxi Services Ltd.
http://everest.trade/ International WEB Brokers Limited
https://www.globalfxm.com/ AllProTech OÜ
BewiTech OU
GlobalFXM​
https://www.meritforex.com/ Merit Financial Services Ltd.
www.x90.com Indy Group Ltd.
https://www.pwrtrade.co/ GN Capital Limited (trademark – PWRTrade)
http://www.tradedax.com Black Parrot limited
www.ftocapital.com Nona Marketing Ltd. (trademark – FTO Capital)
www.cmstrader.com Safe Side Consulting LTD
http://www.kaip-uzsidirbti-pinigu.com/ No data
https://en.highlow.net/ Highlow Markets Pty Ltd
https://1pool.ltd/ 1pool Ltd.
http://www.forex.3top.lt/ No data
www.realtrade.lt
http://realtrader.org
Real Trade Group
VŠĮ Real Trade
www.tixfx.com

TIX FX
Jedi Marketing ltd

https://10brokers.com/ Nostro Technology OÜ
Nostro Technology Limited
https://www.idbtrades.com/ IDB Trades
BALTIC CONCERT LLP
www.fxopen.com
www.fxopen.ru
FXOpen Markets Limited
FXOpen AU Pty Ltd.
www.fbs.com FBS Markets Inc
Tradestone Limited
Parallax Incorporated
www.shiftforex.com Shift Forex LLC
Berkshire Capital Securities LLC
www.shark-tips.com Shark Tips
www.binatex.com Binatex group
Yulanta Business Ltd
www.uzdarbisinternetu.com No data
www.capxm.com CapXM, LTD
www.forexgrand.com Grand Services LTD, Nordic Pearl Limited
www.markets-invest.com Worldwide Markets Limited,
Trademark „Markets Invest“
www.gmoption.com GMoption & LinkGM Limited
www.noblecapitalhouse.com Sharp Angle Ltd.
Solid Stone Doo Podgorica
Royal Capital Ltd.
www.sisneta.lt UAB LINARIUS
www.forex.lt Trademark „Forex.Lt“
www.nordfx.com Trademark „NordFX”
www.alpari.com Alpari Limited
www.forex.3top.lt Trademark „Forex“
www.agea.com Agea Jinrong DOO
www.forex-prekyba.com Trademark „FOREX PREKYBA“
www.forexprekiautojoportalas.lt Trademark „Forex prekiautojo portalas“
www.myforexvps.ru My Forex VPS
www.forexa.lt Trademark „Forexa“
www.credotrade.com Credo Trade
www.forextraderportal.com Trademark „Forex Trader Portal“
www.forex.hostin.lt Trademark „Forex.HostIn.lt“
www.fxliutas.com Bitday Limited
www.improforex.com IMPROFOREX LIMITED
http://www.forexabc.org/lt/ Trademark „FOREXabc“
www.trademoney.lt Trademark „Investicijų patarėjas“
www.fxvilkas.com Bitday Limited
www.sparkmarkets.com Binary Sviss, Precise Services OU
yfxcapital.com YFX Capital
T.W Capital LTD
Trust Company Complex
http://everest.trade/ Everest Trade
www.superbinary.com Strategy One Ltd.
xtrade.ru Xtrade International Ltd (previously – Financial Arena Ltd)
https://armax.trade/en/ ARMAX.TRADE 
Vellamo Holdings Corp.
www.gfbroker.com GFBroker
Global Financial Broker
International WEB
Brokers Ltd
Worldwide Markets Ltd
http://mrtmarkets.com/fx/ru MRTmarkets
KHO Tech Ltd
https://gftinternational.com/ Global Financial Traders

Public disclosure of significant net short positions

Public disclosure of significant net short positions

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Let us remind that investment services may permanently and professionally be provided only by:

  1. financial brokerage firms holding a licence of a financial brokerage firm issued by the Bank of Lithuania or the supervisory authority of another European Union (EU) or European Economic Area (EEE) country;   
  2. credit institutions licensed in Lithuania or another EU or EEE country, where they have the right to grant investment services under their credit institution licence;
  3. financial advisor companies holding a licence of a financial advisor company issued by the supervisory authority.

The list of companies having the right to provide investment services in our country is available on the Bank of Lithuania website. Where the company is not on this list, the Bank of Lithuania insists on not making use of its services.

Three rules of prudence for retail investors

The Bank of Lithuania warns to beware of companies operating in the market for investment instruments on illegal grounds or of their representatives, in multiple ways seeking to misappropriate the funds of investors.

The first rule – do not to invest in products you are not knowledgeable about. By neglecting this advice, you not only risk losing your savings, but also going into debt. 

The second rule – check out if the institution offering investment services holds the appropriate licence. You can do this on the Bank of Lithuania website lb.lt under Licensing. Remember – company name must fully coincide with that indicated on the Bank of Lithuania website.

The third rule – avoid proposals promising ‘easy money’ and ‘no risk’. Investors often lose their funds lured by ‘very attractive investment proposals’ (‘a large variety of flexible products’, ‘minimum risks and guaranteed profits’, ‘small initial fees and the possibility to trade using a high leverage’, ‘we offer bonuses to start trading’, ‘very flexible and exclusive trading conditions’, ‘low or not applicable service fees’, ‘attribution of a personal consultant (broker)’, etc.) from ‘brokers’ on the phone, and entrusting their funds to fraudsters.

Last update: 06-11-2018