The UK Financial Conduct Authority (FCA) today published a warning against unauthorized investment firm MT Capital Partners, trading as Justrader. The company is targeting potential clients by offering them a variety of Forex services. The regulator notes that these companies are not authorized by it to provide investment services to UK residents. Below are the…
Read moreThe Forex industry has been increasingly targeted by clone firms, that is, unauthorized companies that emulate the data, including names, websites, etc., of licensed entities, in order to easily defraud investors. The UK Financial Conduct Authority (FCA) is amid the regulators that actively warn against this practice. The watchdog published a special announcement yesterday regarding…
Read moreThe UK Financial Conduct Authority (FCA) has reported a sharp rise in reports about unauthorised trading and brokerage firms. The complaints from consumers concern firms offering trading in foreign exchange, contracts for difference, binary options and other commodities. A common feature of such companies is that they promise artificially high returns and often mention “guaranteed…
Read moreThe UK Financial Conduct Authority (FCA) keeps encountering cases of unlicensed companies willing to make use of data of authorized entities and thus attract more clients. The latest example of the use of this practice, which has become known as cloning, concerns UK Forex broker Atom8, which appears to have two clones, abusing its name,…
Read moreUK financial regulator the Financial Conduct Authority (FCA) has issued a warning against a clone of regulated forex broker IIB International Broker. The real IIB, which also goes by IIB FX, is based in Sofia, Bulgaria. According to the FCA, fraudsters are using or giving out the following details as part of their tactics to scam…
Read moreThe Financial Conduct Authority (FCA) keeps the list of warnings against unauthorized investment firms targeting UK investors growing. The UK regulator earlier today issued one more warning against such a firm – UTMarkets, aka United Trading Markets, operating via www.utmarkets.com. The company, offering Forex trading services, says its office is in Bulgaria and that it…
Read moreThe UK has offered a warm welcome to Bitcoin companies thus far, but unlicensed Cryptoconomist got a public warning issued against it.
Read moreThe UK financial regulator says that the firm is not authorized to offer financial services or products in the UK but nevertheless does so.
Read moreThe warning from the UK regulator comes shortly after the Swiss authorities added Lamberg Kapital to their warning list.
Read moreThe company is targeting UK clients but has no permission from the UK authorities to do so, says the Financial Conduct Authority.
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