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CELESTIAL TRADING Does Not Hold A Financial Trading License!

ComplianceIllegal Broker ActivitiesVeltyco
tamir
Author: tamir
Less than 1 min.read
Spread financial intelligence

Further to our report on VELTYCO’s announcement to launch its own regulated financial trading brand, we would like to inform our readers that we just received the notice that CELESTIAL TRADING LTD obviously does not hold a license or sub-license from the Montenegro supervisory authority.

Some VELTYCO-related trading brands such as Option888, TradoVest, Xmarkets, CapitalStockOptions, or ZoomTrader purport on their respective website that they are operated by the Montenegro-regulated CELESTIAL TRADING LTD which allegedly holds a sub-license SCMN 04/4-9/6-17.

The Montenegrin financial portal BANKAR (www.bankar.me) just recently published a statement of the Montenegro regulator, the Capital Market Authority of Montenegro, assuring that CELESTIAL TRADING LTD actually never received a license or sub-license. Nor did the company even apply for such a license. The regulator’s statement calls the statements on the above-mentioned broker sites false and misleading.

Here you can find the statement of the Capital Market Authority of Montenegro regarding the license situation with CELESTIAL TRADING LTD.

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