Unlicensed firms are prohibited from conducting securities and futures business in Taiwan. With a variety of online trading scams across the world, a growing number of offshore, unlicensed, online trading platforms entice Taiwan investors to trade via social media or online marketing activities. 

The FSC urges investors to transact with the FSC regulated firms to protect investment interests. The FSC cautions that there is no regulatory safeguard for investors who choose to transact on unregulated online trading platforms. Investors may face challenges in pursuing claims against the unlicensed platform operators based overseas. 

 

The FSC encourages investors to visit the following websites before investing:

● The list of the FSC regulated firms: 

●The IOSCO International Investor Alert:

 

The FSC recently received several complaints saying that eToro platform allowed investors to trade a wide range of foreign financial products, and it engaged in online marketing activities targeting Taiwan investors. The FSC has issued an alert on Nov 29 2019 and warned investors that eToro is an unlicensed firm. Anyone or any firms who conduct securities and futures business in Taiwan without obtaining licenses from the FSC are deemed in contravention of Securities Trading Act, Futures Trading Act and Securities Investment Trust and Consulting Act, and subject to criminal charges. The FSC may refer the illegal evidences to the prosecution office for further action.

 

For more information:

Contact: Doris Lo, Section Chief of the Securities Firms Division, SFB (Securities and Futures Bureau) of the FSC at +886-02-2774-7286, or email us using this online form  FSCmail.