WikiFX report: Redimax Capital Falsely Claims to be Regulated by the DFSA

The Dubai Financial Services Authority (DFSA) alerts the financial services community and members of the public to false claims made by Redimax Capital (also known as REDIMAX CAPITAL or RediMax).

Redimax Capital falsely 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”.

In fact, Redimax Capital 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.

The DFSA advises that:

• The Scammers have used the name of the DFSA without authority; and

• Redimax Capital is not authorised or regulated by the DFSA.

The DFSA has a page on its website dedicated to Alerts in relation to scams, including scams which misuse the name of the DFSA and/or the DIFC. All Alerts issued by the DFSA may be accessed by going to ALERTS

The DFSA has also issued warnings and guidance about the common types of scams, including Advance Fee scams, perpetrated on consumers. For more information on these scams please go to: HOW TO AVOID BEING SCAMMED

If you have any concerns about the authenticity of any correspondence or documents that purport to be issued by the Dubai International Financial Centre (DIFC), DFSA or a DFSA regulated Firm, you should direct your concerns to the DIFC on Tel:+971 4 362 2222 and to the DFSA via the DFSA Complaints function on: COMPLAINTS