Aug 09, · You should only deal with financial services firms that are authorised by us. As the sale of binary options to retail consumers is now banned, any firm offering binary options services is probably unauthorised or a scam. If you have any doubts, check the Register to ensure a firm is authorised. You can also check our Warning List of firms to avoid. May 14, · FCA Issues Warning Against FX and Binary Options Brokers SolidCFD. The first company on today’s list is SolidCFD. The CFD and forex broker is owned by LOK marketing Ltd. – a Options Stars Global. Another emerging market trailblazer, Options Stars Global (OSG) is registered on the Polynesian. Dec 14, · Fca binary options warning south africa December 14, The situation is different in binary options trading. fca binary options warning South Africa Trying to make sense of all the possibilities bitcoin day trading advice Malaysia is hard enough by itself before you add in time frames.
Scam Artists? FCA Issues Warning Against FX and Binary Options Brokers | Finance Magnates
Another day, another set of unregulated brokers for you to keep well away from. The British regulatory authority posted a list of unregulated companies this Monday that includes retail binary options and forex brokers. Based around the globe in renowned financial hubs, such as Samoa, Vanuatu, and the Marshall Islands, fca binary options warning, these firms offer a variety of services but, surprisingly, provide little indication as to who they are or who operates them.
SolidCFD appears to be paving the way for forex brokers in the country, whose largest exports are frozen fish excluding fillets and special floating structures. The company also has two other offices listed on its website. A quick google search indicates that people claiming to operate from this office have been attempting to provide unauthorized financial services through cold calling. Another address is listed as being in West London, fca binary options warning.
A list of companies operating at this address, however, seems to show that no company related to SolidCFD is based there. This suggests that the company is unlikely to have any physical presence in the UK, even if their website suggests otherwise.
Reviews fca binary options warning the website offer up a litany of negative feedback, fca binary options warning. Users report being unable to withdraw funds, pushy salesmen, and communication blackouts when requests for withdrawals are fca binary options warning. Another emerging market trailblazer, Options Stars Global OSG is registered on the Polynesian island of Samoa — a country more renowned for rugby players and coconut cream exports than its binary options brokers.
The firm also lists a UK phone number on its website but does not appear to have any base of operations in the country. Users of the website report an inability to withdraw funds, threatening salesmen, and pushy brokers who tempt traders into depositing more cash into their accounts, fca binary options warning.
The company has done so badly they even have a Facebook page against them. Finance Magnates contacted an OSG employee for comment but, shockingly, no reply was forthcoming.
This author advises you never to trade binary options with a company based in Samoa — stick to watching them play rugby or buy some of their coconuts. Interestingly, the company does not appear to have any registered office. XFR has a UK office, but it is clear that no one works there, fca binary options warning.
Again, it is difficult to ascertain if there is any connection between this company and the warning issued today by the FCA. Unlike its competitors SolidCFD and OSG, XFR does not have a solid set of user reviews — unless you include the ones on its website that fca binary options warning as though they were written by the same person.
That being said, the small number that do exist suggest the site is a scam. The last broker on our list today is StratX Markets. You will be shocked to hear, dear reader, that no response was given when the author requested a comment from the company for this piece.
Breaking away from the saturated European market and the bustling East-Asian industry, StratX decided to register its business in the Marshall Islands. The company also has a fca binary options warning office in North London. This address is also used by a company that allows other companies to register their business under their address — suggesting that StratX has no employees at its listed address. Reviews of the company suggest you would be better off spending your money on some frozen fish from Vanuatu.
Customers complain that the site is nothing but a scam. Some former customers even claimed StratX employees operate another company, fca binary options warning, calling people who have lost their money and saying they will help get it back.
There is a catch of course before they get fca binary options warning cash back you have to give them some more of your money first. Stay away! I lost money trading with this scam broker but with the help of a recovery expert i was able to recover my moneyhappy to share my experience. This is a possible scam company.
So i got contacted by Rob from Solid fdc who kept calling me and making me see the possibilities of retiring in comfort by investing my money for a high yield interest. About six months into the investment i was due for a withdrawal and that was when all the drama started. I called my lawyersmessaged FCA but nothing was done. They kept on telling me they were building a case for SOlid FDC, i had to hire a wealth recovery expert adler.
FCA Warning Against Cash Forex Group Fx Activities! Watch Before You Join!!
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Dec 14, · Fca binary options warning south africa December 14, The situation is different in binary options trading. fca binary options warning South Africa Trying to make sense of all the possibilities bitcoin day trading advice Malaysia is hard enough by itself before you add in time frames. Dec 15, · While binaries initially fca binary options warning India started with very short expiries, demand has ensured there is now a broad range of expiry times available. Positive ratings from numerous newly-registered accounts may signal fca binary options warning India a Sybil Attack, whereby a scammer games the rating system by creating shell accounts for the sole purpose of . Aug 09, · You should only deal with financial services firms that are authorised by us. As the sale of binary options to retail consumers is now banned, any firm offering binary options services is probably unauthorised or a scam. If you have any doubts, check the Register to ensure a firm is authorised. You can also check our Warning List of firms to avoid.
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