On 24 January 2019, the Austrian Financial Market Authority (FMA) warned about Brokerz Ltd, identifying www.brokerz.com. The notice listed an address in St Vincent and the Grenadines and a care-of address for All Media EOOD in Sofia, Bulgaria.
Scope of the warning
The FMA stated that the provider was not entitled to conduct banking transactions in Austria requiring a licence, specifically the futures and options business described in its notice. This concerns permission to provide those services in Austria.
The warning alone does not prove how an individual account was operated, whether a specific withdrawal was refused, or whether a loss can be recovered.
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