FCA warns against Forex Cube/ForexCube (clone of an FCA Authorised Firm and EEA Authorised firm)

Forex Cube/ForexCube is not authorised or registered by the FCA but has been targeting people in the UK, claiming to be an authorised firm. Almost all firms and individuals carrying out financial services activities in the UK have to be authorised or registered by the FCA.

Clone firm details

Address: 60 City Walls Road, Climpy, UNITED KINGDOM, 1313 Manchester St, Toms River, NJ

Telephone: +1 8887123175, +5204337652

Website: www.forex-cube.com

FCA authorised firm details

Firm Name: Trading Point of Financial Instruments UK Limited, Saxo Bank A/S

Firm Reference Number: 705428, 207519

Address: 1 Ropemaker Street London, EC2Y 9HT, UNITED KINGDOM

Smakkedalen 2 Gentofte DK-28210, DENMARK

Telephone: +4 42031502020, (+ 45) 3939774000

Email: [email protected]

Website: http://www.trading.com/uk/, www.saxobank.com

How To Protect Yourself From Scams 

Brokerswatch recommends investing only with brokers that are regulated by reputable authority.

Reputable regulatory authority provides additional protection to investors by ensuring that financial firms apply proper standards and rules. Additionally, if the broker tries to cheat you out of your money, it is the regulator’s job to force the financial firm to compensate you for any wrongdoing.