FSCA Warns Public Against Quantlio Investments

​The Financial Sector Conduct Authority (FSCA), South African financial markets regulator, has warned the public to act with caution when dealing with with Quantlio Investments.

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The FSCA points out that the business address in South Africa that is reflecting on Quantlio's website is false. Additionally, Quantlio claims on its website that it is in partnership with a South African company that is an authorised financial services Provider (FSP) - this claim is also false. The published licence lapsed on 21 September 2020 and Quantlio is not an authorised FSP or a juristic representative of that FSP.

It also appears that Quantlio provides a trading platform which offers investments in stocks and cryptocurrencies, as well as trading in Contracts for Differences (CFDs). The FSCA wishes to inform the public that Quantlio is not authorised to trade in CFDs or to provide any financial advisory & intermediary services in South Africa as defined and contemplated in any of the relevant financial sector laws. Quantlio is publishing false information on its website for the purposes of misleading unsuspecting investors. Extreme caution is advised.

The FSCA warns that members of the public should always check that an entity or individual is registered with the FSCA to provide Financial Advisory & Intermediary Services and what category of advice it is that the entity is registered to provide. 

It again reminds consumers who wish to conduct financial services with an institution or person to check beforehand with the FSCA as to whether or not such institution or person is authorised to render financial services.