The Financial Conduct Authority (FCA) has recently notified the public of a rise in complaints against Forex trading and brokerage firms, with the situation seeing little change since this announcement was made in January this year.
The pile of warnings issued against unauthorized Forex and binary options brokers in the UK keeps growing, with the latest company to get such a warning being Explore Markets Limited.
The company, operating via https://exploremarkets.com, targets UK investors offering them a variety of retail FX services. The broker, operating as Explore Markets Limited / Explore Corp Limited / EM UK / EM Financial Services Limited, claims to be registered in the UK.
The UK regulator warns that this entity does not have an FCA authorisation.
Below are the details of the unauthorized company:
- Address: Garrick House, 26-27 Southampton Street, London, WC2E 7RS;
- Registered address: Dept 400, 61 Praed Street, London, W2 1NS;
- Phone: 020 3637 4534;
- Website: https://exploremarkets.com;
- Email: [email protected].
To view the full warning from the FCA, click here.