FCA warns against FxoptionTrade Limited (Clone of FCA authorised firm)

FxoptionTrade Limited 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: 1 Fore Street, London EC2Y 9DT

Email: [email protected]

Website: https://www.247fxoptiontrade.com/

FCA authorised firm details

Firm Name: Tickmill UK LTD

Firm Reference Number: 717270

Address: 27-32 Old Jewry, London, EC2R 8DQ, United Kingdom

Telephone: +442038651055 / 07717003875

Email: [email protected]

Website: https://www.tickmill.co.uk/

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.