The Dubai Financial Services Authority (DFSA) has alerted the financial services community and the public to false claims made by Redimax Capital.
Redimax Capital claims on its website that it is a DFSA regulated broker and gives a DFSA registration number suggesting it is authorised to provide “registered financial services in Dubai”, the DFSA said in the alert on 3 July.
But the regulator stated that Redimax Capital, also known as REDIMAX CAPITAL or RediMax, is not, and has never been, authorised or regulated by the DFSA.
“Redimax Capital does not hold a commercial licence from the DIFC Registrar of Companies to operate a business in or from the DIFC, and it appears that it has no office located in the DIFC. Further, the registration number is for a legitimate DFSA Authorised Firm that has no connection to Redimax Capital,” it said.
