The FMA warns investors against concluding banking transactions requiring a licence with GetcoPro

Reason:
Unregulated
Content of Penalty:

GetcoPro

with its registered address apparently at

100 Pall Mall

St James

London SW1Y 5NQ

United Kingdom

Tel: +442033185161

support@getcopro.com

getcopro.com

is not entitled to carry out banking transactions in Austria that require a licence. The provider is therefore not permitted to trade in financial futures contracts (futures) on its own account or on the account of others, including equivalent instruments settled in cash as well as call and put options on the instruments listed in Article 1 para. 1 no. 7 points a and d to f of the Banking Act (BWG; Bankwesengesetz), including equivalent instruments settled in cash (futures and options business) pursuant to Article 1 para. 1 no. 7 point c BWG.

Date: 08/10/2018
Link: https://www.fma.gv.at/en/getcopro/