FCA Shuts Down Owner of Unregulated Broker Trade12

[kreslik.news]

Smile fellow Finance Magnates readers, for it’s a great day in the retail trading industry. Why? Because the Financial Conduct Authority, a British regulator, has shut down Global Fin Services Ltd (GFS).

As informed as most of you Finance Magnates readers are, I appreciate that this name will likely be unfamiliar to most of you. Many visitors to this site may, however, be familiar with Trade12 – a retail broker.

GFS is the company that, for the past few years, has been operating Trade12. If you have had the misfortune of dealing with Trade12’s less than scrupulous sales team and ... (read more)