Money & BusinessSaudi Arabia

Saudi MoC warns against illegal FOREX platforms

The Saudi Ministry of Commerce (MoC) issued a severe warning, through its official account on Twitter, against Foreign Exchange Market (FOREX).

The ministry stated: “Do not lose your money because of your dealings with people or entities who promote unlicensed foreign exchange transactions.”

The Saudi Central Bank, the Capital Market Authority (CMA), and the Ministry of Commerce launched an awareness campaign to protect society from the dangers of dealing with suspicious websites that market to invest in securities without obtaining the necessary licenses from competent authorities.


Saudi Gazette

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