Warning about unregulated online trading sites is issued by Oman’s FSA.

Dealing with unregulated online platforms that advertise dubious financial services is discouraged by the Financial Services Authority (FSA).

Muscat—With promises of large returns, the FSA is warning the public against websites that advertise securities trading, investments in markets outside of Oman, and portfolio management for individuals.
The FSA has pointed out that in order to look credible, these platforms occasionally utilize the names of respectable and well-known financial institutions.
The following preventive actions are crucial, according to the FSA:

Before making any investments, be completely informed and confirm the legitimacy of platforms.
Verify that the platform in question has an FSA license.
Offers that promise enormous financial rewards in a short amount of time should be avoided since they are frequently a trap.
To keep everyone safe, report any unlicensed or dubious platforms.

For all the latest news from Oman and GCC, follow us on Instagram, like us on Facebook & subscribe to our YouTube Channel, which is updated daily.