On May 22, 2023, the Spanish financial regulator CNMV issued a warning against six unauthorized forex traders.

In accordance with Article 17, paragraph 2, of the Law on the Securities Market (reformulated by Royal Decree No. 4/2015 of 23 October), the Comision Nacional del Mercado de Valores (National Commission on the Securities Market of Spain) warns that The following companies are not authorized to provide investment services under Article 140 of the Spanish Securities Market Act. These include investment advice or the provision of ancillary services in relation to financial instruments referred to in Article 2 of the Act as detailed in paragraphs (a), (b), (d), (f) and (g) of the Act, including foreign currency transactions for this purpose.

1.SurgeTrader/ VALO HOLDINGS GROUP

Website: https://surgetrader.com/

2.ImportCapital

Website: https://importcapital.cc/

Britain's FCA has also warned the trader, and this is the second time CNMV has done so.

3.Polar BTC

Website: https://www.polarbtc.com/

Britain's FCA and France's AMF had also warned the trader.

4.CTmatador / WIND HOLDINGS LTD

Website: https://ctmatador.com/

In June 2022, BrokersView exposed CTmatador as a scam.

Belgium's FSMA and Sweden's FINMA have also warned the trader, and this is the second time CNMV has done so.

5.ADRSWAP

Website: https://www.adrswap.com/

6.LENZ CAPITAL

Website: https://lenzcapital.pro/