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Intercontinental Securities Limited

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Operating status: SCAM

Website: https://www.is.capital/

Broker violations and abnormal records
  • Nov 07, 2022 BrokersView has found that Intercontinental Securities Limited appears to be a scam

    Intercontinental Securities Limited claims to be regulated by the Financial Services Authority (FSA) of Saint Vincent and the Grenadines. While we confirm that a matching company exists in the registry of SVG FSA, this only grants International Business Company (IBC) status. It does not constitute a valid financial license. The SVG FSA has clearly stated that it does not regulate or license forex brokers.

    The statement of its regulation of SVG FSA is wrong and  misleading.

    Intercontinental Securities Limited is in fact unlicensed by any recognized financial authority. Therefore, it appears to be a scam.

    Intercontinental Securities Limited claims to be regulated by the Financial Services Authority (FSA) of Saint Vincent and the Grenadines. While we confirm that a matching company exists in the registry of SVG FSA, this only grants International Business Company (IBC) status. It does not constitute a valid financial license. The SVG FSA has clearly stated that it does not regulate or license forex brokers. The statement of its regulation of SVG FSA is wrong and misleading. Intercontinental Securities Limited is in fact unlicensed by any recognized financial authority. Therefore, it appears to be a scam.

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Q&A

Is Intercontinental Securities Limited an ECN broker? Do you think it is a nice broker?

Daisy Sigler
Laos
May 09, 2023
ANSWER Intercontinental Securities Limited is a non-regulated broker we advise against trading with, despite the seemingly attractive deals it offers.Although Intercontinental Securities Limited claims to be registered with Financial Services Authority of Saint Vincent and the Grenadines (SVG FSA) under registration number 683LLC2020 and we did find records matching this company in the SVG FSA registry, it is important to note that the SVG FSA neither issues forex licenses nor regulates entities engaging in such activities. This means Intercontinental Securities Limited is literally not subject to any valid regulations in forex markets.Regarding your question, we would recommend avoiding dealing with unregulated brokers like Intercontinental Securities Limited. Using unregulated brokers would pose significant risks, such as loss of funds and identity theft. Therefore, we strongly suggest investors stay away from unregulated brokers and opt for fully regulated ones instead.
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1 comments

Benjamin
Old-brand brokers are more reliable, after all, the safety of funds is the most important thing.
Jul 20, 2022
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