Switzerland’s financial markets and services regulator FINMA updates its warning list of unregulated entities with forex broker FSM Smart. The Swiss financial watchdog stated that this broker is not entered in commercial register, despite claiming to be based in the country. What is more, the address the broker lists is also used by a number of other shady companies - iForex24, Banc De Monarch and AxeCC among them. Scammers don't even bother to be original these days.
"Banc De Monarch" I love it when sleazeball scammers try to act all royal and powerful. It's too obvious.