Yabo Market Added to the Financial Commission's Warning List

The Financial Commission, an independent external dispute resolution (EDR) organization, announced that it has added Yabo Market (Yabo Market Limited) and its associated website to warning list.

The Financial Commission has determined that the indicated brokerage company and its associated website may be used to scam and defraud traders and investors after reviewing the submitted information from the broker's potential customers.

As such, the Commission placed the company on its warning list, and does not recommend doing business with the entity, either individuals purporting to represent this broker on social media and in private messages on popular messaging apps.

This Tuesday, Yabo Market has also been added to the warning list of the Financial Conduct Authority (FCA)​ for providing financial services or products in the UK without the regulator's authorisation.