FCA warns against House24 Trades Limited (Clone of FCA authorised firm)

House24 Trades 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: Stag House, Old London Road, Hertford, 13 7LA, UNITED KINGDOM

Telephone: +1(404)4587019

Email: [email protected]

Website: https://house24trades.com/

FCA authorised firm details

Firm Name: XTB Limited

Firm Reference Number: 522157

Address: Level 9, One Canada Square, Canary Wharf, London, E14 5AA, UNITED KINGDOM

Telephone: +442036953085

Website: https://www.xtb.com/int

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.