17 projects not worth investing in: B2B Jewelry, Binomo and others – NSSM list

The National Commission for Securities and Stock Market of Ukraine (NCSSMU) has published a list of those financial projects that it considers dubious. This list will continue to grow. So far there are 17 companies in it.

What financial projects are considered dubious?

The Commission uses a number of criteria to understand which financial companies appear dubious or bogus. Among them:

• a large percentage of guaranteed profitability;
• lack of permits and licenses for financial activities;
• aggressive marketing;
• lack of a physical office;
• suspicious biographies of managers;
• lack of legal registration in the country where the services are provided, etc..

What projects are on the list?

The Commission publishes the names of such projects, their websites and explanations why it considers them dubious. Some of them have already been reported by the National Securities and Stock Market Commission to law enforcement agencies.

On August 11, 2020, the list looks like this:

1. Ukrainian People’s Bank;
2. EXCHANGE TECHNOLOGY CENTER;
3. Israel INVESTMENTS;
4. Binomo;
5. Olymp Trade;
6. IQOPTION LTD;
7. FTC;
8. FIBO Group;
9. RoboForex;
10. Get4me;
11. LBLV connecting traders;
12. Just2Trade;
13. B2B Jewelry;
14. Exlimited;
15. TRADERS HOME;
16. Avalon Technologies;
17. New Millennium Centre Ltd.

Source: ain.ua