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The UK Financial Conduct Authority issued a warning on Friday against two entities – a forex brokerage firm has been falsely claiming registration and a clone that has been posing as being affiliated with regulated entities in Hong Kong.
All firms and individuals offering, promoting or selling financial services or products in the UK have to be authorized by the FCA.
The UK watchdog has blacklisted a forex and CFDs broker named HQ Broker, operating through https://www.hqbroker.com, which claims that it is offering a legal product. It claims to be governed by the FCA and Hong Kong’s Securities and Futures Commission (SFC).
The City ... (read more)