FCA Issued a warning against SETUPSFXTRADING & DEVON FINANCE FX

On 22 May,2023 Financial Conduct Authority (FCA) has issued a warning against SETUPSFXTRADING & DEVON FINANCE FX brokers. Thse broker is not licensed to carry out regulated activities in the UK. The FCA has advised investors to avoid doing business with these unauthorised firm. We are sharing Screenshot with you. Have a look and stay away from these brokers.

Name: SETUPSFXTRADING

Address: 35 Westgate, Huddersfield, West Yorkshire, UNITED KINGDOM, HD1 1PA

Email: support@setupsfxtrading.com

Website: https://setupsfxtrading.com

Name: DEVON FINANCE FX

Address: Kelburn House, Mount Park Avenue, Harrow, Middlesex, UNITED KINGDOM, HA1 3JW

Mobile: +447441449189

Email: support@devonfinanceltdfx.com

Website: www.devonfinanceltdfx.com

The FCA has stated that these brokers have been providing financial services or products without its authorization. The FCA has warned that investors who deal with unauthorised firm are not protected by the Financial Ombudsman Service or the Financial Services Compensation Scheme.

Investors are advised to check the FCA Register before dealing with any financial firm. The FCA Register is a public record of all firms and individuals who are authorized to carry out regulated activities in the UK. Investors who have been approached by the three unauthorised brokers should report them to the FCA immediately.

When we searched on Wikifx about these brokers. We discovered that setsupfxtrading is not regulated broker. Also We noticed that It has only 0.99 score out of 10. It is clearly a Redflag.

About FCA

Financial Conduct Authority (FCA) is a regulatory body in the UK . The FCA's main role is to protect consumers by regulating financial products and services, promoting competition, and ensuring that financial firms are financially stable. The FCA also has the power to investigate and take enforcement action against firms that breach its rules and regulations.

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