FCA Alerts Public of Unlicensed FX Broker, Two Clone Firms

[kreslik.news]

The Financial Conduct Authority (FCA) has issued multiple warnings to ‎investors advising them not to use the services of several clone/unregulated ‎brokerage firms.‎

The latest regulatory flurry includes forex and binary options ‎brokers that appear to be soliciting and/or accepting funds ‎from UK residents without having obtained FCA ‎registration.‎

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According to the City watchdog, many of these entities are acting in a ‎capacity requiring them to be registered with the FCA. Registration allows ‎the agency to provide greater security and oversight of the industry by ‎examining whether firms meet minimum financial ... (read more)