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Abstract:The forex market is the largest capital market in the world and is open 24 hours except Saturday and Sunday. It is the reason why fraudulent/ clone firms are active there and swindle people’s money. However, reputable authorities are working vigorously to protect consumers and maintain transparency in the forex market. Recently, The UK's Financial Conduct Authority (FCA) exposed three clones and four unregistered brokers as part of its responsibilities.
The forex market is the largest capital market in the world and is open 24 hours except Saturday and Sunday. It is the reason why fraudulent/ clone firms are active there and swindle peoples money. However, reputable authorities are working vigorously to protect consumers and maintain transparency in the forex market. Recently, The UK's Financial Conduct Authority (FCA) exposed three clones and four unregistered brokers as part of its responsibilities.
Name: Premier Group Financial Services (Clone of FCA Authorised firm)
Address: 1 Kingdom street, London, W2 6BD
Telephone: +442080642326
Email: info@premiergrpfin.com
Website: www.premierfinancialgroupuk.com
Name: firstautomotive.co.uk (Clone of Previously Authorised Appointed Representative)
Address: Suite G04 1 Quality Court, Chancery Lane, London, UNITED KINGDOM, WC2A 1HR
Telephone: 07846716083, 03300168871
Email: support@firstautoleasing.com
Website: https://firstautomotive.co.uk/
Social Media Details: Instagram: firstautomotivelease (https://www.instagram.com/firstautomotivelease/)
Name: advantawealth.co (Clone of FCA Authorised Firm)
Telephone: +447441393510
Email: advantawealthmanagement@gmail.com
Website: https://www.advantawealth.co/
Name: btb.inc - Be The Bank and/or BTB
Address: Canada Square, London, E14 5DY
Telephone: 02080898719
Email: support@btb.inc
Website: btb.inc
Name: GLOBALEQUITY FIN.NET
Address: Ollerbarrow House, Ashley Road, Hale, Altrincham, Cheshire, England, UNITED KINGDOM, WA15 9SQ
Email: support@globalequityfin.com
Website: https://globalequityfin.net/
Name: Premium Invest Club
Email: support@premiuminvestclub.com
Website: www.premiuminvestclub.com/en/Main.html
Name: SIGMA PRIMARY
Address: Unit 3, 1st Floor 6/7, St Mary At Hill, LONDON, EC3R 8EE
Telephone: +6625853045
Email: support@sigmaprimary.co.uk
Website: www.sigmaprimary.co.uk, www.signmaprimary.com
The esteemed authority clearly clarified on its official website that these firms may be providing or promoting financial services or products without our permission. FCA also warned people to avoid dealing with such firms and beware of scams.
The FCA has advised investors to avoid these brokers and to report any suspicious activity to the authorities. FCA has also reminded investors to be vigilant when dealing with forex brokers and to conduct proper due diligence before investing any money. Investors should check the FCA's register of authorized firms to ensure that the broker they are dealing with is legitimate.
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Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.