WikiFX, as an independent third-party information service platform, is dedicated to providing users with comprehensive and objective broker regulatory information services. WikiFX does not directly engage in any forex trading activities, nor does it offer any form of trading channel recommendations or investment advice. The ratings and evaluations of brokers by WikiFX are based on publicly available objective information and take into account the regulatory policy differences of various countries and regions. Broker ratings and evaluations are the core products of WikiFX, and we firmly oppose any commercial practices that may compromise their objectivity and fairness. We welcome supervision and suggestions from users worldwide. To report any concerns, please contact us: report@wikifx.com
您当前语言与浏览器默认语言不一致，是否切换？
切换
Global Broker Regulation & Inquiry App
Securities and Commodities Authority
Year 2000Regulated by Government
Since its inception, the Securities and Commodities Authority has been keen on putting the objectives stated in the Federal Law No. (4) of 2000 into effect by sparing no effort to strengthen the legislative structure through issuing such regulations and instructions that ensure the development of the organizational and supervisory framework of the list joint-stock companies and other companies operating in the securities field. Besides, the Authority has introduced some controls and criteria that would contribute positively to enhancing the investors' trust in the Authority.
Disclose broker
Disclosure summary
- Disclosure matching Name matching
- Disclosure time 2024-02-23
- Penalty amount $ 27,413.31 USD
- Reason for punishment The bank’s failure to provide the Authority with financial reports of profit and loss for the financial consulting activity, promotion activity, and investment management activity of investment funds for the financial periods ending
Disclosure details
Violations of listed PJSCs in financial markets Al Hilal Bank
The bank’s failure to provide the Authority with financial reports of profit and loss for the financial consulting activity, promotion activity, and investment management activity of investment funds for the financial periods ending on 30/06/2022, 03/09/2022, 31/12/2022, within the specified statutory period, which constitutes a violation of the provisions of Article (3/7) of Chapter Five of Section Two of The Chairman of the Authority’s Board of Directors’ Decision No. 13/R.M of 2021 on the Regulations Manual of the Financial Activities and Status Regularization Mechanisms Rule Book.
Annex
More regulatory disclosure
Danger
2021-01-01
INVESTOR ALERT LIST 
AvaTrade
Danger
2023-01-01
INVESTOR ALERT LIST 
IDX Trader
Danger
2020-01-01
INVESTOR ALERT LIST 
10CFDs