UK watchdog detects misuse of LCG name by binary options broker LeapRate

March 25, 2015 BY Maria Nikolova

UK watchdog detects misuse of LCG name by binary options broker

LeapRate's loyal readers must already be somewhat accustomed to the Financial Conduct Authority (FCA) issuing warnings against clones of authorized online trading companies. Some of the cases the UK watchdog tackles, however, are quite stunning and today presented us with one of these. Representatives of Tradignition, a binary options broker soliciting UK clients, are falsely…

March 25, 2015 BY Maria Nikolova

FCA issues warning regarding unauthorized FX broker GMT Markets

The Financial Conduct Authority (FCA) has earlier today issued a warning regarding unauthorized Forex broker GMT Markets Limited. The company, which offers its services via www.gmtmarkets.com, gives two contact addresses in the UK: 1) Universal house, 88-94 Wentworth st. London, E17SA, UK; and 2) Hackwood Building, 14 Hackwood Street, Robertsbridge, East Sussex, TN32 5ER. At…

February 02, 2015 BY Andrew Saks-McLeod

FCA warns regarding Japan-based broker Nakitrade

Japanese FX brokerage Nakitrade is the subject of a warning to potential investors as despite listing a London address, the company is not licensed by the FCA to conduct business in Britain

January 06, 2015 BY Mike Fox

FCA Warning: Unauthorized binary trading website AGF Markets

The FCA has been busier than ever recently issuing unauthorized broker warnings from unscrupulous online trading providers targeting UK clientele. However, it is a good cue to avoid dealing with any firms warned against by the FCA even if not a UK citizen. The FCA released today that they believe AGF Markets, which looks like…

December 19, 2014 BY Mike Fox

UK Unauthorized Broker Warnings: NetCFD / Centaure Capital Partners & FXNTrade

The latest potential broker frauds capturing the UK FCA's attention is that of a company calling itself NetCFD/Centaure Capital Partners and also FXNTrade. The FCA believes these firms have been providing financial services or products in the UK without authorisation. Nowhere on the NetCFD and FXNTrade company websites does it mention anything about regulation, which should ring the…

September 12, 2014 BY Gerald Segal

FCA issues warning on Managed Forex trading firm LEM Spreads

The UK's FCA has issued a warning regarding Managed Forex trading firm LEM Spreads and LE Management Ltd. The warning states that LEM is not authorised by the FCA, but apparently has been targeting people in the UK. LEM's website states that the company has two locations - one in the UK (in Oxford), and one…

April 09, 2014 BY Andrew Saks-McLeod

What's in a name? Two entirely different companies! IAF Capital website cloned

British regulatory authority warns against another clone of a bona fide firm as the latest in an increasing wave of firms attempting to dupe clients by using similar names Imitation, as the well-worn adage goes, is the finest form of flattery. That is, if the imitation intends no harm. Quite the opposite, in fact, to…

October 15, 2013 BY Gerald Segal

FCA gets tougher, will publicize earlier warnings against (potential) wrongdoers

The UK's financial regulator The FCA plans to use the media as another weapon against violators. UK's financial regulator The FCA (formerly FSA) was given more powers under the UK's Financial Services Act of 2012, and now it has informed the public that it intends to use them. The FCA plans to publish, much earlier in…

Tag: FCA warning